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Scottsdale Apartments in Huge Demand

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.