Article Originally Posted by AZBigMedia on February 26, 2023
The Valley is home to some of the most beautiful luxury real estate in the country. Some of the top spots include Old Town Scottsdale, Paradise Valley and Arcadia. However, there is a new luxury hub that is quickly emerging as the top destination for luxury buyers in the Valley: Scottsdale Road and the Loop 101.
The Scottsdale Road and Loop 101 corridor is a hot bed for luxury development and amenities due to its unique features. It is located alongside the stunning McDowell Mountains, which has largely remained untouched by traditional urban sprawl.
Renowned Chicago developer Belgravia Group has recognized the incredible potential of this area for its new development, Portico, a collection of 112 luxury condominium residences priced from the mid-$600s to $1.9M. Belgravia Group will break ground on Portico’s one-, two-, three- and four-bedroom residences in Spring 2023. The private gated community will offer a lifestyle that is active and richly satisfying with thoughtfully designed homes, a state-of-the-art fitness center, outdoor pool, upscale club house and more.
Portico will be a key piece of the One Scottsdale mixed-use development, which will offer 2.86 million square-feet of residential, hospitality, retail and office space upon completion. Other neighboring residential projects, such as the $1 billion Optima, will also attract the luxury crowd to the area.
While we can speculate about what businesses will call One Scottsdale their home, the area is already home to several high-end retail, dining and entertainment options that have already drawn the eyes of Scottsdale luxury buyers.
Retail and Dining Abound
As more and more residents move into Phoenix, the growth is intersecting in the Scottsdale Road and Loop 101 corridor in a high end way.
Already-existing dining options include Chef Scott Conant of “Chopped” fame’s revered restaurant, The Americano, as well as Mastro’s, Toro Latin Restaurant and Rum Bar, The Capital Grille and more.