Scottsdale Quarter is a $270 million mixed-use project on 28 acres at the southeast corner of Scottsdale Road and Greenway-Hayden Loop, east of Kierland Commons. When complete, the development’s three phases will total about 1.2 million square feet of retail, restaurant, entertainment and office space, and possibly residential and hospitality.
Initial opening was in 2009, and Phases 1 and 2 are expected to be leased by the end of 2011. The final phase is expected to include a residential component and a hotel, but a projected opening date is unknown. Seventy percent of retail space is either open, under construction or being negotiated, and office space is 90 percent leased.
- Pottery Barn
- Carine W
- Diane’s Beachwear
- Coal Burger
As you drive down Scottsdale Road, it’s hard to miss the Upscale shopping center on the east side of Scottsdale Rd and Greenway, that just a year ago looked like another vicitim of the recession that doomed many valley retail centers. With packed parking spaces, and lines out the doors from lunch hour to happy hour, the project is booming with business. Attracting visitors from local office buildings, snow birds and locals alike.
Scottsdale Quarter is a breath of fresh air as we try to get back on our feet from the economy that dealt a swift blow to most of us.
Today only 30% of the retail space and 10% percent of the office space remain vacant. A vast improvement for Scottsdale Quarter, that sat nearly vacant a year ago, and have seen similar developments like CityNorth yet to recover.
So if you haven’t had an opportunity to go by Scottsdale Quarter yet, take a stroll down to Scottsdale and enjoy all the entertainment, restaurants and shopping Scottsdale Quarter has to offer. And hopefully this is a sign of good things to come for other valley retailers and the economy as a whole.