{"id":1004072591,"date":"2013-05-11T09:28:04","date_gmt":"2013-05-11T17:28:04","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=124610"},"modified":"2022-03-03T22:24:11","modified_gmt":"2022-03-04T06:24:11","slug":"crescent-to-build-scottsdale-quarters-first-m-f-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crescent-to-build-scottsdale-quarters-first-m-f-project\/","title":{"rendered":"Crescent to Build Scottsdale Quarter\u2019s First M-F Project"},"content":{"rendered":"<p style=\"text-align: left\"><em>By Amalia Otet, Associate Editor<\/em><\/p>\n<p style=\"text-align: left\">Glimcher Realty Trust and Crescent Communities, a Charlotte, N.C.-based real estate investment, development and operating company, announced plans May 7 to team up on a 275-unit luxury apartment community in Scottsdale.<\/p>\n<p style=\"text-align: left\">The property will be the first residential component of Scottsdale Quarter, the 28-acre mixed-use development located on the southeast corner of Scottsdale Road and Greenway-Hayden Loop. All told, Scottsdale Quarter comprises 370,000 square feet of retail, restaurant and entertainment space and 203,000 square feet of office space.<\/p>\n<p style=\"text-align: left\">Crescent Communities will develop the residential project along Greenway-Hayden Road on Scottsdale Quarter\u2019s Northeast corner. The property will offer modern d\u00e9cor and such upscale amenities as an elevated resort-style pool and a two-story fitness center with views of McDowell Mountains. Construction is expected to begin in late 2013.<\/p>\n<p style=\"text-align: left\">In other multi-family news, Redstone at SanTan Village, the first luxury multi-family project to open in Gilbert in five years (pictured at right), <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/The-Redstone-at-SanTan-Village-Gilbert-AZ-courtesy-of-marketwire.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-124615 alignright\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/The-Redstone-at-SanTan-Village-Gilbert-AZ-courtesy-of-marketwire.jpg\" alt=\"\" width=\"300\" height=\"198\" \/><\/a>has started signing leases.<\/p>\n<p>Located at 1925 S. Coronado Road, the $45 million project incorporates resort-style features including granite countertops, stainless steel appliances, walk-in closets, attached and detached private garages, and high-speed internet connections.<\/p>\n<p>Other amenities at the 382-unit community include a 24-hour fitness center with club-quality equipment, an elevated spa area with a fireplace and flat-screen televisions, poolside cabanas, outdoor lounge areas, free Wi-Fi and a children&#8217;s playground area.<\/p>\n<p>Del Mar, California-based LWI Properties is the developer of the project, which was built by hardison\/downey construction inc. and managed by Mark-Taylor Residential. Financing was provided by Union Bank.<\/p>\n<p style=\"text-align: left\"><em>Photo: <a title=\"Redstone SanTan Village\" href=\"https:\/\/www.mark-taylor.com\/arizona\/redstone-santan-village\/\" target=\"_blank\" rel=\"nofollow noopener\">Mark-Taylor Residential<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glimcher Realty Trust, one of the country&#8217;s premier retail REITs, and Crescent Communities, a Charlotte-based  real estate investment, development and operating company, recently announced plans to break ground on a  275-unit, luxury apartment community in Scottsdale under a joint venture agreement.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1601],"tags":[],"class_list":["post-1004072591","post","type-post","status-publish","format-standard","hentry","category-phoenix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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