Archive for the 'Scottsdale Real Estate' Category

Sierra Reserve Sold

On March 10, 2014, Mr. Bob Parsons purchased the 223-acre parcel of land known as Sierra Reserve, which is directly adjacent to his recently acquired Scottsdale National Golf Club. This acquisition affords Mr. Parsons the flexibility to achieve his objectives and goals for the Club. He very recently made the offer to purchase the land with terms and conditions that were carefully considered and ultimately approved by the Reserve Development partners.

While we are definitely disappointed that Sierra Reserve will not be developed, we are extremely grateful for the widespread enthusiasm that the community had for our vision. We also want to take this opportunity to express our sincerest gratitude to our prospective buyers, the real estate community, our vendor partners and members of the media for your time, interest and support, and to our incredibly talented team for the hard work, dedication and commitment to making Sierra Reserve a truly one-of-a-kind place to live.

AZ Central – 3 cool things about your Scottsdale neighborhood – DC Ranch

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DC Ranch

This master-planned north Scottsdale development rises up out of the Arizona land and around untouched plant life, enhancing the surrounding upper Sonoran Desert.

Where it’s at: Roughly the border is Pima Road on the west, Legacy Boulevard to the south and Cattle Whip Drive to the north. The eastern border is the McDowell Mountains.

The character of residential and mixed-use blends seamlessly into the foothills of the nearby McDowell Mountains.

Jeremy Stevens, communications manager for the DC Ranch Community Council, said the development is not like the rest of the Valley.

“Our community is unique because there are limitations to what we can and can’t develop. You won’t find palm trees or citrus trees in DC Ranch because they are not native species to the area,” Stevens said. “We embrace the natural beauty of the north Scottsdale desert and hope to be good stewards of this rare environment.”

Three cool things about the neighborhood:

Market Street. It all begins and ends at Market Street in DC Ranch. It’s where nearby residents run into each other and conversation starters like, “Good to see you,” and “How’s your brother?” occur in parking lots and at grocery store sliding glass doors. The mixed-use gathering place, near Pima Road and Thompson Peak Parkway, is home to a number of offices, classy restaurants and unique boutique retailers. There’s an air of sophistication at Market Street, where even the Barista is a bit more cosmopolitan than the average Joe. Enjoy an omelet at the Breakfast Joynt or if you’re a new parent check out the newborn threads at Baby Lux.

Homestead Playhouse. Arts and Theatre Coordinator Molly Kurtz said the Homestead Playhouse at the Homestead Community Center, was built as part of the center to host youth theater. Launched by the DC Ranch Community Council, she said the Playhouse was created in response to interest in and demand for performing arts programming in and around DC Ranch. Since it opened in 2006, the Playhouse has produced 18 productions, including a number of musicals. Kurtz said the vision of The Homestead Playhouse is to create masterpieces together where individuals emerge through the magic of performing arts. The Playhouse is located in the Homestead Community Center, which serves as a gathering place for private resident events, as well as weddings, meetings, conferences and summer camps. Speaking of gathering places, if Market Street is where local residents randomly run into each other, the Homestead Community Center is where they get to know each other better. The 7,000-square-foot community center on 4 acres is open to residents of DC Ranch.

Hiking. DC Ranch’s backyard is the McDowell Sonoran Preserve. For residents on the southern end of the development, the preserve is a short walk to the Horseshoe and Desert Park trails, which offer full access to the park. For everybody else, the Gateway Access Area to the the 30,200-acre McDowell Sonoran Preseve is a short drive. The preserve’s roughly 5-mile Gateway Loop Trail, is one of the most popular hikes in the Valley. The trail head opened in 2009, with parking, restrooms and a wheelchair-accessible nature trail. The loop offers stunning views of the northeast Valley and the McDowell Mountains, as well as cacti forests and diverse wildlife.

If you are looking for a home in the DC Ranch area click here..

AZ Central – 3 cool things about your Scottsdale neighborhood – McCormick Ranch

McCormick Ranch

Built from 1972 through the 1990s, this upscale neighborhood in central Scottsdale is considered to be the city’s first master-planned community.

Where it’s at: Generally, the boundaries run from Shea Boulevard south to Indian Bend Road, and from Pima Road west to Scottsdale Road.

McCormick Ranch actually is made up of more than 60 subdivisions, as well as the McCormick Ranch Center, a mixed-use development with condominiums east of Pima Road, according to the McCormick Ranch Property Owners Association.

Nearly 27,000 residents live in 8,900 houses, apartments and condominiums on 3,100 acres, which is nearly 5 square miles.

Three cool things about the neighborhood:

Who lives there. The community is or has been home to several notable residents, including former Scottsdale Mayor Mary Manross, state Historian Marshall Trimble and actor David Spade, according to Alexandra Duemer, founder and editor of McCormick Ranch Lifestyle magazine.
Its proximity to amenities. The neighborhood is surrounded by lakes, parks, resorts, eight shopping centers, golf courses and, of course, the popular bike paths that connect to the Indian Bend Wash greenbelt.

Its name, which comes from Fowler and Anne McCormick, who bought the 160-acre working ranch in 1944 and expanded it over the years. Fowler was the grandson of John D. Rockefeller. Anne McCormick, a lover of Arabian horses, died in 1969 and the ranch was sold to Kaiser-Aetna. The McCormicks also donated 100 acres of land to Scottsdale, of which 30 acres became the McCormick-Stillman Railroad Park (above). Guy Stillman, Anne’s son, drove the creation of the park at Indian Bend and Scottsdale roads.

If you are looking for a home in the McCormick Ranch area click here..

AZ Central – 3 cool things about your Scottsdale neighborhood – Scottsdale Ranch

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Scottsdale is a diverse patchwork of locales and districts all its own, each with its separate, distinct style and character.

And no matter where you live in in the city, chances are there are at least a few things that are, well, “cool’’ about your neighborhood.

Take a look at the neighborhoods that make up the social and residential landscape of Scottsdale, and check back each week for new additions.

In a city that stretches more than 30 miles from north to south like Scottsdale, there are bound to be a lot of cool things in the many different neighborhoods that make up the character of the city.

Scottsdale Ranch
Talk about attention-getters.

It’s impossible to miss a master planned community when it is 1,100 acres and it’s located smack dab in the middle of Scottsdale. Oh, and smack dab in the middle of that is a 42-acre private lake.

That’s Scottsdale Ranch.

But you’ve probably heard of it, driven through it and shopped near it.

Where it’s at: Scottsdale Ranch is bordered by Shea Boulevard to the north, the Salt River Pima-Maricopa Indian Community to the south, 96th Street to the west and as far as 112th Street to the east.

Three cool things about the neighborhood:

Lake Serena. Kayaks, canoes and fishing. Executive Director Kathe Barnes said residents of Scottsdale Ranch have access to their own personal lake. If you are of the nautical breed, this community is for you. The centerpiece of Scottsdale Ranch is Lake Serena. She said the eco-friendly, private body of water features more than 5 miles of shoreline. Anglers can have their fair share of Lake Serena as well. Barnes said residents who love to fish can always rely on the lake to be fully stocked with bass, catfish, blue gill, white amur, carpe and croppie.

Holiday Social & Boat Light Parade. This has become a signature event in the nearly 20 years it has been in existence. Each holiday season, resident-decorated pontoon boats form a parade that lights up Lake Serena, while onlookers partake in complimentary desserts, wine, beer, hot cider and coffee. Even Santa Claus shows up for photos with the kids. Residents vote for the best-decorated boats, and prizes are awarded to the top three.

Location. Scottsdale Ranch is within miles of a number things to do in the city. Nat Handler, president of marketing firm Vendara Group LLC, has lived in Scottsdale Ranch on and off for the past 10 years. He said he lives next to pretty much anything he could want, including restaurants, shopping, entertainment and culture, including the Musical Instrument Museum and Butterfly Wonderland. There are also community programs available nearby at the Boys and Girls Clubs of Greater Scottsdale Virginia G. Piper Branch and Via Linda Senior Center, as well as public recreation at the Scottsdale Ranch Park and Tennis Center. “It’s very centrally located to parts of the Valley that appeal to me,” Handler said. “Everything is at my fingertips. There’s no need to venture out once I get home.”

If you are looking for a home in the Scottsdale Ranch area click here..

Phx Biz Journal – OdySea Aquarium planned near Scottsdale on Salt River land

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The group behind the Butterfly Wonderland near Scottsdale plans to break ground this summer on a new large-scale aquarium project that’s being dubbed as “Sea World meets Disneyland.”

Construction on OdySea Aquarium is slated to begin this summer off Loop 101 and Via de Ventura Drive on tribal land next door to the Butterfly Wonderland attraction that opened last year. The 200,000-square-foot aquarium will include 2 million gallons of water for its numerous exhibits and myriad species.

“OdySea Aquarium is a unique kind of attraction that will change how marine life is looked upon by the general public,” said Amram Knishinsky, one of the principal partners on the project.

Guests will be able to travel up and down escalators and elevators surrounded by transparent acrylic tubes and sides, allowing them to view the marine life as they travel through the two-story attraction.

Even the bathroom fixtures such as the counters and sinks and commodes will be built to provide views into the shark tanks, Knishinsky said.

“If you go to the bathroom, you come out and you’ll say to your friend … you gotta go see the bathroom,” he said. “Nobody would have ever thought of something like that. We have an opportunity to deliver that.”

Unlike Sea World, OdySea will not feature mammals, Knishinsky said, but will feature more than 1,000 marine species. Also, the aquarium will have trained penguins perform parades daily in a public square-type setting.

OdySea Aquarium is the third stage of a $175 million project that began with construction of Butterfly Wonderland and continued with OdySea Mirror Maze on the same parcel of land owned by the Salt River Pima-Maricopa Indian Community.

Phx Biz Journal – Shea Scottsdale retail center sold to Turf Paradise owner for $44.5 million

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Turf Paradise owner Jerry Simms has forked over $44.5 million for a large Safeway- and CVS-anchored retail center in the heart of Scottsdale, according to a statement today from the Phoenix office of Cassidy Turley.

The Shea Scottsdale retail center is situated at the northeast corner of Shea Boulevard and Scottsdale Road, one of the busiest intersections in the area. The transaction included all freestanding structures, including Wells Fargo and MidFirst Bank branches, Jason’s Deli, Arby’s and McDonald’s, which is located on the same slab that once housed Devil’s Martini.

It was only 5 percent vacant at the time of sale, while similar neighborhood retail centers in Scottsdale posted an average vacancy rate of 12.4 percent during the fourth quarter, according to Cassidy Turley research.

The sale, which closed escrow Wednesday, was the result of an unsolicited offer by Simms, said Michael Hackett, an executive managing director of Cassidy Turley who helped represent the seller.

“He approached us with a 1031 Exchange from the sale of property he had in Beverly Hills,” Hackett told me.

Los Angeles-based Karlin Real Estate, the seller, purchased the property in October 2011 along with the neighboring retail center to the east, dubbed Shea Scottsdale East, which is anchored by the Harkins Shea 14 movie theater and includes Pita Jungle and the infamous Amy’s Baking Co. Karlin paid $50.32 million total for the two properties, which were a combined 277,253 square feet.

Simms actually wanted to buy both retail centers, but the numbers penciled out better to only buy one, at least for now, Hackett said. So Karlin is still the owner of Shea Scottsdale East, which Simms may buy sometime down the road.

AZ Biz Journal – Changes at Parsons’ new course could impact home builders

The Scottsdale National Golf Club may sit alone on a patch of desert in far North Scottsdale, but it won’t have solitude for long.

The course will be joined by roughly 1,000 homes as part of three nearby developments — Sierra Reserve, Sereno Canyon and Reata Ranch. Experts have mixed opinions about how Bob Parsons’ new invitation-only plan for his recently purchased private golf course will impact the area.

Sierra Reserve, Lyle Anderson Cos.’ latest proj­ect, is moving fastest. It abuts Scotts­dale National at 122nd

Street and Dynamite Boulevard. The project — which calls for more than 250 high-end homes …


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