Luxury 274-Unit Mixed-Use Project in the Pipeline for Oro Valley
- Jan 16, 2014
By Balazs Szekely Associate Editor
Luxury apartments and a retail center are coming to the North Oracle Road and First Avenue intersection in Oro Valley. The mixed-use project’s location is part of an area that was approved as a planned area development in 2002.
Although developers have not yet broken ground at the site, Arizona Daily Star reports that CVS Pharmacy, Panera Bread, Mattress Firm and Universal Nails & Spa have already signed to lease commercial spaces of yet undisclosed square-footage. According to Inside Tucson Business, Paradise Bakery has also shown interest in expanding its operations to San Dorado at Oro Valley Town Centre, as the complex will be called.
Scottsdale-based Mark-Taylor Capital and Kitchell Development joined forces for the construction of the 274-unit residential component, whilst the retail center will be developed by Kitchell alone. The site is owned by Cañada del Oro L.L.C. Delivery is expected by Q3 2014 for the shopping center, but part of the residential units will be move-in-ready a few months earlier. Future residents can choose from homes featuring up to three bedrooms and up to two bathrooms on nine different floor plans ranging from 779 to 1,381 square feet. Ryan Cochran, director of development for Kitchell told the Arizona Daily star that a central “civic area” will include a grassy, park-like space and an area for farmers’ markets and other outdoor activities.
Not far away from the site, another project is also underway. HSL Properties has recently started developing Encantada at Steam Pump Ranch, a 288-unit apartment complex north of Oracle Road and First Avenue.
Photo courtesy: Mark-Taylor