Plans move ahead on Artesia condominium project in Scottsdale

A company has revived plans for an upscale condominium project at McCormick Ranch after it came to a standstill in the recession.

Artesia, on the east side of Scottsdale Road just north of Indian Bend Road, gained approval this week to move forward on its next phase of additional ā€“ but smaller ā€“ residential units.

Starpointe Communities developed the first phase of Artesia with 93 residences, retail space and an underground parking garage on the site of the former Scottsdale Radisson Resort.

The Scottsdale City Council on Tuesday gave the go ahead to amend an existing development plan to add more residential units.

RELATED: Scottsdale condo project back on track post-recession

“It’s a great move forward for a piece of land that technically, I suppose you could say, has been blighted for some time and a bit of an eyesore,” Mayor Jim Lane said.

The plans add another 175 units to previously approved plans of 480 units, bringing the total to 655 units, a city report says.

The lender, New York-based iStar Financial, also broke ground last spring on the final phase of Sage, a high-end condominium complex at Chaparral Road east of Scottsdale Road.

John Berry, an attorney who filed the zoning application for iStar, told the council Tuesday that the new plans for Artesia respond to today’s market.

For example, the smaller condominiums won’t have stairs, which differs from previous plans, he said.

The development will have lower building heights and more open space than required, Berry said.

“This project started out as a casualty of the Great Recession,” he said. “We’re trying hard, as they say, to make lemonade out of lemons.”

Berry said a $500 contribution for every unit sold will go to Scottsdale Public Art or the Scottsdale Cultural Council, which will pay for artwork or other improvements off-site.

The site is situated between commercial to the west, multifamily to the south and McCormick Ranch Golf Course to the north and northwest.

Councilman Guy Phillips said he was sad to see the previous project “flounder and sit there.”

“These are half-a-million dollar condos,” he added. “I think the people that will be there will be responsible homeowners.”

The applicant worked with a surrounding neighborhood to lower the height of some buildings, said Brad Carr, senior city planner.

A city report says there will likely be requests to install a traffic signal at the intersection of Scottsdale Road and Hummingbird Lane.

Article source: http://www.azcentral.com/story/news/local/scottsdale/2015/03/04/plans-move-ahead-artesia-condominium-project-scottsdale/24397601/