Developers are hoping to create a $25 million luxurious shopping, living, dining and office project in Scottsdale at the southeast corner of Scottsdale Road and Chauncey Lane.
DBM Ventures expects to break ground on the 53,000-square-foot, mixed-use project, Chauncey Lane, this summer, with an opening date planned for summer 2018.
Provided renderings, courtesy of LGE, Cawley Architects, AV3 Design
The project hopes to attract high-end retailers, restaurants, office users and fitness centers alongside luxury residences. LGE Design Build is serving as the general contractor and Cawley Architects/AV3 Design will work as the lead architect of the project.
“From its walkability to its luxurious exterior and interior features, every element of Chauncey Lane will be thoughtfully, artfully designed and executed,” said LGE Design Build President and CEO David Sellers. “Expect an upscale, interconnected environment that offers virtually everything you need at one address.”
JLB Partners will develop the adjacent luxury residences for Chauncey Lane. The multifamily residences will have 300 units with state-of-the-art amenities, elegant interiors and common areas, along with top-tier features throughout including a rooftop exercise clubhouse and pool.
Bob Kling of Lee & Associates will handle office leasing for the Chauncey Lane, and Chris Osborn of Western Retail Advisors will handle restaurant and retail leasing.
Sellers said the project fills the trendy desire of living close to the office, similar to downtown living.
Chauncey Lane is located near Westworld, where Barrett-Jackson car auctions and the Arabian Horse Shows are hosted.
“From a developmental perspective, this part of Scottsdale is an ideal investment opportunity,” said Bret Anderson of DBM Ventures. “There’s a strong existing residential component, productive, successful people and an incomparable quality of life.”