50-Acre Mixed-Use Development
In a clear sign of North Phoenix’s rapid evolution, JLB Partners has unveiled plans for a significant mixed-use development at Mayo Boulevard and 64th Street along the Loop 101. This 50-acre project aims to blend upscale residential units with hotel, retail, and office space, reflecting the area’s growing demand for high-end housing and commercial options. This proposed development sits near the booming Scottsdale Road & Loop 101 Corridor, as well as the Cavasson masterplan in Scottsdale which has become a magnet for high-value projects, attracting multi-billions in investment.
Key Elements Of JLB’s Mixed-Use Proposal
With its phased approach, JLB’s development brings together residential, commercial, and hospitality elements, strategically designed to support the area’s growing demand for quality housing and professional spaces.
- 1,300 Luxury Residences: A mix of upscale apartments and amenities to enhance residents’ lifestyle.
- 300 Hotel Rooms: Accommodations targeting both business travelers and tourists in the high-traffic North Phoenix corridor.
- 40,000 Square Feet Of Retail Space: Offering convenience and shopping options for residents and visitors alike.
- Flexible Space For Dining Or Office Use: Up to 250,000 square feet that can be adapted for business or dining, depending on market demand.
By focusing on residential development as its anchor, the project aims to create a balanced community with retail, hotel, and office spaces supporting the overall development.
Proximity To The Scottsdale Road & Loop 101 Corridor
JLB’s proposed site lies near the highly active Scottsdale Road & Loop 101 Corridor, a booming area attracting billions in investment for new luxury and commercial projects. Some major developments in the corridor include:
- Optima Inc: Renowned developer is under construction on Optima McDowell Mountain Village, a high-end community with 1,300 apartments and condos, rooftop pools, and green spaces.
- Cavasson: A master-planned community by Nationwide Realty Investors, blending office, retail, and hospitality spaces. Cavasson will also soon offer 136 Toll Brothers townhomes with garages and private yards. This project is called Toll at Cavasson.
- ASM Headquarters: A new tech campus by the Netherlands-based tech company, adding to the corridor’s innovation footprint.
- Erickson Senior Living: This $791 million senior living community will provide comprehensive care and lifestyle services, catering to Scottsdale’s growing senior population.
- Axon Campus: A planned, Silicon Valley-inspired corporate campus for Axon, focused on integrating workspace, living, and lifestyle amenities.
The Scottsdale Road & Loop 101 Corridor has already established itself as a commercial powerhouse, attracting global companies, luxury residential developments, and large healthcare projects, such as Banner Health’s upcoming medical campus.
North Phoenix’s Expansion Into A Major Growth Hub
JLB’s development is one of many projects redefining North Phoenix. Situated in a growing employment hub, the development is poised to benefit from the area’s expanding infrastructure and strong job market. Key drivers of North Phoenix’s expansion include:
- Discovery Oasis Biotech Corridor: This biotech-focused development will add up to 6 million square feet of research and lab space and create 2,000 new jobs.
- CityNorth & Desert Ridge Marketplace: These nearby centers offer extensive retail, dining, and entertainment, further enhancing the region’s draw for new residents and companies.
- Major Planned Communities: Builders like Brookfield Properties and PulteGroup are set to develop large tracts of state trust land into master-planned communities, creating thousands of homes and complementing the commercial growth along the Loop 101.
JLB’s proposal is well-positioned to take advantage of this thriving ecosystem, offering luxury housing and commercial options in an area poised to become one of Greater Phoenix’s premier residential and business hubs. As the Scottsdale Road & Loop 101 Corridor continues to flourish with high-profile projects, the synergy between North Phoenix and Scottsdale is creating a new center of luxury and innovation that’s capturing the attention of residents, investors, and businesses alike.