Scottsdale Apartments in Huge Demand

Scottsdale's hot for new apartments. According to Wood Partners development director for Arizona and Nevada Todd Taylor, the company's Alta Scottsdale, which is abut a mile from Downtown Scottsdale, is 25% leased after only two months of pre-leasing; the 218-unit property officially opened this week. Its popularity, he tells us, comes down to a value proposition, with rents about 30% less than high-end apartments Downtown. And it doesn't hurt that its floor plans are named after cocktails: the Mojito, the Cosmopolitan and the Mai Tai.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Phoenix Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Dublin BTR Had A €1B Summer

Navigating The Phoenix Student Housing Boom At Bisnow's Event On Sept. 29

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Prolific South Florida Developer Nick Rojo Dies At 44