Redevelopment of Scottsdale shopping center into apartments a 'sign of the times'

Posted at 8:47 AM, Mar 10, 2022
and last updated 2022-03-10 10:57:39-05

SCOTTSDALE — The planned redevelopment of a retail center in south Scottsdale to add 238 apartment units and 25,000 square feet of new retail and restaurant space is "a sign of the times," the project's zoning attorney said.

After owning the center for 17 years, Todd Silver has plans to raze much of the existing big-box retail, making up about 65,000 square feet on seven acres, located at Hayden and Osborn roads.

The project has gone through several iterations since it was first submitted to the city of Scottsdale in 2019, and after decreasing the proposed density of the apartment units and adding retail uses, the project was approved by Scottsdale City Council in February.

Jason Morris, partner at Withey Morris and attorney for the project, called Greenbelt 88, said Silver was faced with a couple of choices of what to do with the center when it was clear it had outlived its usefulness as solely retail.

The choices included "right-sizing" the retail on the site and dividing the larger stores into smaller spaces, finding tenants that would take the space as-is — which might include uses that do not necessarily bring value to a neighborhood, like self-storage or a charter school — or creating a long-term solution like transforming the site into a mix of uses.

Read more of this story from the Business Journal.