March 23, 2020
Los Angeles-based Banyan Residential commenced construction on the long-anticipated Scottsdale Entrada development in Scottsdale. Bridge Investment Group is an equity partner in the development, located at 64th Street and McDowell Road, in an Opportunity Zone. The project is expected to revitalize a long vacant 33-acre lot with a vibrant mixed-use campus.
Plans include 736 apartment units, 250,000 square feet of office space, 5,000 square feet of retail and ample public open space. The office building is scheduled to open in Q3 2021, followed by the first apartment units in late 2022.
The development will offer resort-style pools, fitness centers, mobile workspace areas, a game room, and deck spaces with expansive views of the Papago Buttes and McDowell Mountains. Scottsdale Entrada will also offer public gathering spaces, including a large park designed to accommodate concerts or other events, as well as a dog park, jogging trail, and connection to the Arizona Crosscut Canal.
For comments, questions or concerns, please contact Dennis Kaiser