CAVASSON Update
Some of you may remember my post about what was then just a “plan” and is now CAVASSON, owned in partnership byNationwide Realty Investors & Grayhawk Development. It seems like it went up overnight. The ongoing project has plans to include the Grayhawk Residences at Cavasson, a multi-family project offering everything from studios to 3-bedroom units, with park-like pedestrian areas and amenities.
Additionally, the highly acclaimed Vi at Cavasson is in the plan for senior living. So far these are the residential plans underway.
In addition to its already established commercial space for Nationwide Insurance & Choice Hotels, 134-acre Cavasson will also be home to retail & restaurant venues, offering residents and tenants great walkability and a perfect location.
The Hilton North Scottsdale at Cavasson which is set for completion late this year will cater to leisure and business travelers alike, with its elegantly appointed 237 guest rooms, executive rooftop lounges and stunning views of the McDowell Mountains. A 15,000 sf event venue will make this resort a true destination. For further details on the Cavasson project, VISIT THE WEBSITE HERE to learn more.
But Wait…. There’s More!
At an auction on March 7, 2022, Mack Real Estate Group purchased 124 acres in North Scottsdale for $127 million. The specific plans for this site are still to be determined, but this developer now has to 4.3 million square feet to work – ideal for both commercial and residential properties.
The location is prime … just off of Bell Road and the Loop 101. The land had several groups bidding on it and eventually was sold to Mack Real Estate Group for over $65 million more than the starting bid.
This purchase demonstrates the strength of our market here in Scottsdale, and the continuous growth that we are seeing is very exciting!
Mack Real Estate Group is a New York based real estate developer with offices all across the United States and they own the Mack Innovation Park project in Deer Valley. CLICK HERE to visit their website for some interesting information on the history and mission of their company.
Stay tuned to see more updates on North Scottsdale’s ongoing developments!
