The Parque Gets First Approval In 6-0 Vote

Hey everyone! As you can see, we've been super active here on LUXE BLOG. We've been dishing out quality updates like our recent Paradise Valley and Scottsdale real estate market updates. Today, we have development news. On September 27th. 2023, The Parque received a 6-0 vote for a recommendation of approval by the Scottsdale Planning Commission.

Is The Parque The Next Big Thing?

The Parque, a mixed-use development, received its first approval. This project is proposed for the site where CrackerJax amusement park used to be.

• Scottsdale Planning Commission 6-0 vote
• Rezoning recommended for approval
• Decision expected to reach City Council in November

The momentum is palpable, and the commission’s unanimous vote is a strong indicator of the project's potential.

What's In Store for The Parque?

This isn't just any development; it's a massive project with a variety of components aimed to redefine Scottsdale.

• Over 1,200 residential units
• 100,000 sq. ft. Class A office space
• 35,000 sq. ft. for new restaurants
• 25,000 sq. ft. for additional retail
• A five-star hotel with 223 keys
• A towering 119-foot hotel-branded condominium

This development is set to become a hub of activity. Additionally, just north of here is where all of the action is going on with the upcoming Optima McDowell Mountain Village project. As well as the One Scottsdale masterplan by DMB. The masterplan calls for 2.8 million square feet of retail and office space. As well as up to 2,000 residential units, and 400 hotel rooms. This is where the development of Portico by Belgravia Group is located. Basically, the entire area is LOADED with growth.

Past Article: Innovative Project ‘The Parque’ Awaits Scottsdale City Approval

The Parque Received Its First Approval By A Vote Of 6-0 By Scottsdale City Council

The Focal Point: A 2-Acre Central Park

One of the standout features of The Parque is its open space that will serve as the development's heart.

• A 2-acre "Central Park"
• Serves as the focal point of the project

Imagine a green space right in the middle of this bustling development—a place to breathe, relax, and enjoy the surroundings.

The People Behind The Parque

Of course, projects like these don’t just happen. They require visionaries.

• George Kurtz, co-founder and CEO of CrowdStrike
• David Megdal, part of the ownership team
• Nelsen Partners, the project architect

These individuals and firms bring a wealth of experience and are committed to creating a transformative space.

Location & Neighbors

The Parque has prime real estate neighbors, amplifying its appeal.

• Located just north of Kierland Commons
• Near Scottsdale Quarter and Scottsdale Airpark
• Proximity to proposed sites like Axon Enterprise Inc.

It's an area that's already rich in development, and The Parque aims to elevate it even further.

Also Read: What Is It Like To Live In The Kierland Area Of Scottsdale, Arizona?

The Site Plan For The Parque Mixed-Use Development

A History Of Speculation

The site where The Parque is proposed has seen its share of speculative plans.

• Past proposals by JDM Partners
• Included various commercial and residential elements
• Previous plans did not move forward

It's a reminder that while plans may be grand, their execution is not guaranteed.

In Closing

So there you have it. The Parque has made it through the first round of approvals. It will be interesting to see if the city of Scottsdale allows this project to become a reality. As always, we'll keep you updated on developments as they unfold. Stay tuned for more updates on LUXE BLOG!

Also Read: Our Most-Read Scottsdale, Arizona Posts Here On LUXE BLOG