{"id":1657,"date":"2018-06-03T17:25:49","date_gmt":"2018-06-03T17:25:49","guid":{"rendered":"http:\/\/www.gentryrealestategroup.com\/buylowazteam\/?p=1657"},"modified":"2018-06-03T18:15:52","modified_gmt":"2018-06-03T18:15:52","slug":"scottsdale-multifamily-boom","status":"publish","type":"post","link":"https:\/\/gentryrealestategroup.com\/buylowazteam\/scottsdale-multifamily-boom\/","title":{"rendered":"Scottsdale apartment and condo boom: more than 6,000 units in the works"},"content":{"rendered":"<h2>Scottsdale multifamily boom<\/h2>\n<p><span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\">Scottsdale is experiencing a multifamily housing boom with more than 6,000 apartments and condominiums currently under construction, in the development pipeline or recently hit the market.<\/span><\/p>\n<p><span style=\"font-size: 14pt;font-family: 'Times New Roman', Times\">An added perk, all the construction\u00a0activity is creating work for contractors and jobs for construction workers.<\/span><\/p>\n<p><a href=\"http:\/\/www.gentryrealestategroup.com\/buylowazteam\/files\/2018\/06\/AARIZONA_APARTMENTS.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-1660 size-full\" src=\"http:\/\/www.gentryrealestategroup.com\/buylowazteam\/files\/2018\/06\/AARIZONA_APARTMENTS.png\" alt=\"Scottsdale multifamily boom\" width=\"600\" height=\"427\" srcset=\"https:\/\/gentryrealestategroup.com\/buylowazteam\/files\/2018\/06\/AARIZONA_APARTMENTS.png 600w, https:\/\/gentryrealestategroup.com\/buylowazteam\/files\/2018\/06\/AARIZONA_APARTMENTS-300x214.png 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\">According to construction and development\u00a0reports from the City of Scottsdale, new multifamily activity includes apartments at and close to\u00a0Arizona State University\u2019s\u00a0SkySong technology center and condos in Old Town, according to construction and development reports from the city of Scottsdale.<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\">Scottsdale&#8217;s multifamily development and construction inventory\u00a0include:<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\">\u2022 A 282-unit mixed-use project under development by the\u00a0Clayton Cos. at Scottsdale Road and Earll Drive.<\/span><br \/>\n<span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\"> \u2022\u00a0 A 154-unit Las Aguas apartments are under construction on the site of a former auto dealership on McDowell Road west of Scottsdale Road.<\/span><br \/>\n<span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\"> \u2022 A 572-unit complex being built next to SkySong by Scottsdale-based organic food pioneer Mark Taylor.<\/span><br \/>\n<span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\"> \u2022 Optima\u2019s 781-unit Sonoran Village development at Camelback Road and 66th Street, in addition to Optima&#8217;s new apartment project under development in Phoenix near Kierland Commons.<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\">Scottsdale\u2019s young, affluent population and an\u00a0ample number of college students and recent college graduates are prime prospective tenants for Scottsdale&#8217;s multifamily housing market.<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\">Recent retail and commercial project build-outs in Scottsdale including Panda Express and Lolo\u2019s Chicken &amp; Waffles restaurants on Scottsdale Road\u00a0and a new Raising Cane\u2019s Chicken Fingers restaurant under construction at Scottsdale Road and Shea Boulevard are attracting job-seekers to the area as well,<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman', Times;font-size: 14pt\">New apartment projects are also opening or under development in central and downtown Phoenix\u2014further proof that the multifamily market continues to be the strongest real estate segment in the Valley.<\/span><\/p>\n<p><a href=\"http:\/\/www.gentryrealestategroup.com\/buylowazteam\/files\/2018\/01\/EQUAL_HOUSING_OPPORTUNITY_LOGO2.png\"><img decoding=\"async\" class=\"size-full wp-image-1176 alignleft\" src=\"http:\/\/www.gentryrealestategroup.com\/buylowazteam\/files\/2018\/01\/EQUAL_HOUSING_OPPORTUNITY_LOGO2.png\" alt=\"Equal Housing Opportunity\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt\">Scottsdale multifamily boom<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scottsdale multifamily boom Scottsdale is experiencing a multifamily housing boom with more than 6,000 apartments and condominiums currently under construction, in the development pipeline or recently hit the market. An added perk, all the construction\u00a0activity is creating work for contractors and jobs for construction workers. According to construction and development\u00a0reports from the City of Scottsdale, [&hellip;]<\/p>\n","protected":false},"author":77,"featured_media":1661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[76,15,55,61],"class_list":["post-1657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-social-media-post","tag-arizona-multifamily-market","tag-arizona-real-estate","tag-arizona-real-estate-trustee-auctions","tag-scottsdale-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scottsdale multifamily boom is on,with more than 6,000 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