High Street Residential (HSR), the residential subsidiary of Trammell Crow Company (TCC), and JV partner Mitsui Fudosan America (MFA) have broken ground on a 215-unit, Class A, luxury residential community in Scottsdale, Arizona. The project, which will have a formal name announced as construction progresses, is slated for completion by mid-2027.
The new project is located in Central Scottsdale, just off Scottsdale Road and Gold Dust Avenue. The redevelopment of the 4.2-acre site, previously home to a vacant retail center, will represent a significant capital investment within one of the Valley’s most prominent areas.
The three-story residential building will feature Spanish-style architecture along with rich amenity offerings, including multiple outdoor courtyards, a dog park, a private yoga and fitness studio, a resort-style pool and spa, a sauna, and an expansive work-from-home space with private offices. Residents will have the choice of one- and two-bedroom units outfitted with high-end interior finishes, including custom cabinetry, quartz countertops, upgraded tile and flooring, wine refrigerators, and premium appliances.
“We are thrilled to bring another best-in-class residential community to the City of Scottsdale,” said Paul Tuchin, TCC’s Phoenix Market Leader. “Central Scottsdale has been underserved with new quality housing despite its great schools, healthcare facilities, and retail amenities. This new development will help fill the gap, providing residents with premium housing in one of the Valley’s best places to live.”
Ideally located on Scottsdale Road between Old Town and North Scottsdale, the project will connect residents to the best local amenities in the Valley. Shea Boulevard will provide residents direct access to Loop 101 and SR-51, connecting them to employment hubs throughout the metro. The residential community will sit within walking distance of nearly two million square feet of retail, shopping, and dining options, in addition to being just a short drive to Kierland Commons, Scottsdale Quarter, and Scottsdale Fashion Square.
The project has been designed by ESG Architects, and Wespac Construction is acting as the general contractor.
High Street Residential, the residential subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. In the last 15 years, the firm has completed over $4 billion with a current pipeline of more than 6,500 units. For more information, visit www.highstreetresidential.com.
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2024, TCC had $19 billion of projects in process and $13.4 billion in its pipeline. With 575 employees throughout the United States and Europe in 26 offices, the company serves users of and investors in office, industrial/logistics, healthcare, life science, data center and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.
Mitsui Fudosan America has signed or renewed three tenants at 1251 Avenue of the Americas in deals totaling almost 200,000 square feet.
