SCOTTSDALE, AZ-Partners Crescent Communities and Glimcher Realty Trust have broken ground on the 275-unit Crescent Scottsdale Quarter. The $61-million multifamily property is the only residential project right now located in Scottsdale Quarter, a high-end mixed-use retail and office center.
Crescent Scottsdale Quarter will be situated on 2.7 acres on the Greenway Hayden Loop, which is on the northeast corner of Glimcher Realty Trust's Scottsdale Quarter property. The project is anticipated to open by spring, 2015.
"Scottsdale Quarter is a fashionable hub that offers unmatched amenities yet preserves the beauty of the desert," says Jim Cauley, senior vice president of Crescent's multifamily group. "It is the perfect fit for our model of building authentic lifestyle experiences for people, and we are pleased to bring the Crescent approach to luxury multifamily living to Scottsdale."
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