Loop 101 Corridor - Further Proof of Growth for Scottsdale

A recent article in the Arizona Republic highlighted the commercial development happening on the Loop 101 corridor between Scottsdale and Tempe, including:

• Pima Center, a $700 million development that will offer 3.5 million square feet of space for offices, retail businesses, and lodging.
• Riverwalk Arizona, a 187 acre mixed-use development by the Alter group.
• Calendar Stick, a development that was completed in 2005.
• Expansion at Chaparral Business Park.
• Windstone, a $50 million retail shopping center.

The article states that, according to the economic development department of the Salt River Pima-Maricopa Indian Community, up to 10 million square feet of development is under construction.

Although the home market has slipped in recent months (and really, wasn't it due for some kind of correction?), land in general in the Scottsdale area remains a valuable, precious commodity.

If you are interested in purchasing real estate in the Scottsdale/Phoenix areas, contact Choice Group Realty today!