Washington Prime Group Unveils Scottsdale Quarter Expansion
- Feb 23, 2017
Scottsdale, Ariz.—Washington Prime Group Inc. has announced a new redevelopment project, consisting of a significant expansion of Scottsdale Quarter, an open-air shopping mall located in Scottsdale, Ariz. Construction on the project is expected to commence later this year, with tenants starting to open in 2018.
The first part of the expansion, already completed, comprises the buildings on the north and south parcels currently occupied by American Girl and Design Within Reach, as well as luxury apartment units and office space. The second phase of the redevelopment includes approximately 300 new luxury apartments and 35,000 square feet of street-level retail. The residential component of the project is led by Lennar Multifamily Communities (LMC). The project also encompasses a 10,000-square-foot indoor amenity complex and an outdoor urban courtyard with pool and spa.
“Teaming up with Lennar, a proven residential expert, allows us to focus upon what we do best: deliver differentiated retail to our guests. The critical mass of new multifamily and office space also provides a captive audience for our existing and prospective retail tenants. Lastly, having O’Connor as a partner in Scottsdale Quarter, as well as our other assets in the joint venture, provides us with a stalwart sounding board as we evaluate future redevelopment opportunities,” CEO & Director of Washington Prime Lou Conforti, said in a prepared statement.
Through this project, LMC seeks to establish a strong presence in the last phase of Scottsdale Quarter. The expansion adds density to the center with a mix of office and residential components, but the cornerstone remains retail.
Image courtesy of Washington Prime Group