SCOTTSDALE—Texas-based TDI Real Estate Holdings LLC, has begun construction on the first phase of a project that will bring up to 750 units of luxury housing to the Scottsdale market. Construction on Phase One of Jefferson at One Scottsdale is presently underway on 388 units scheduled for completion in 2014, according to a company press release.

The site is located within the One Scottsdale master-planned development located at the northeast corner of the 101 Freeway and Scottsdale Road in the heart of the growing north Scottsdale corporate corridor. The 80-acre mixed-use property is planned for specialty retail, dining, Class A office and hotel uses, along with a variety of luxury residential choices. The corporate component is anchored by Dial/Henkel North American Headquarters and the retail mixed-use component is owned by DMB Associates, Inc. in partnership with national retail developer Macerich. This highly coveted location will ensure that visitors and residents have connected and direct access to freeways, major airports and employment cores.

"We will be offering the market a superior product with unprecedented amenities and an ideal location near employment centers and adjacent to the Grayhawk luxury golf course," said Gus Villalba, TDI Executive Vice President and Investment Partner. "Jefferson at One Scottsdale will be the premier luxury multi-family project in north Scottsdale to meet a growing demand for upscale housing in this submarket, which is a major employment center for the region."