The Arizona Republic | azcentral.com
August 28, 2012
by Peter Corbett, and Edward Gately
Scottsdale’s first wave of apartment development is advancing downtown but the big surge isn’t expected to sweep across the city until next year.
Scottsdale was flooded with rezoning requests and plans over the past two years to build apartments after a decade with only a few hundred new units added to the city’s housing supply. Most of the projects were approved but there has been a lag in development while builders finalize their plans and secure financing.
But signs of dirt turning are out there.
…The Jefferson at One Scottsdale. TDI Real Estate Holdings LLC of Irving, Texas, plans to build 677 units, with 388 in the first phase.