A brand new loft-style office project is coming to North Scottsdale, courtesy of Phoenix-based commercial real estate investment and operating company George Oliver and Vancouver-based Kootenay Holdings. Called Lofts at The District, the project will target small- to mid-size tenants with high-end, innovative office space reflective of the creativity found in other George Oliver developments.
Located just east of the popular Scottsdale Quarter open-air retail center near Scottsdale Road and Frank Lloyd Wright Boulevard, Lofts at The District will convert existing – but underutilized – high-end commercial space into five upscale office suites identified as the East Loft and West Loft, and ranging from 2,000 to 10,000 square feet.
The second-floor suites will serve as building bookends, featuring a mix of 12-foot ceilings and 20-foot vaulted peaks with dramatic window lines that offer panoramic views of the surrounding mountains. Upon delivery, all suites at Lofts at The District will also be move-in-ready, complete with high-end finishes and professionally designed modern interiors as reflected in the project’s virtual tour.
“Many businesses in North Scottsdale cater to the area’s high-net-worth demographics, creating an ongoing need for mid-size, upscale office space,” said Shanni Eckford, President of Kootenay Holdings. “Lofts at The District fits that demand perfectly and George Oliver is the obvious partner to give the project the polished, innovative touches that tenants in the area are looking for.”
“Our team is excited about the new partnership with Kootenay Holdings and feel this project will align seamlessly with our repositioning strategy,” said George Oliver Founder and Managing Partner Curt Kremer. “Tenants across the Valley want workspace that reflects a dynamic company culture and image. Lofts at The District fulfills that requirement and allows tenants to locate and grow their companies here in Scottsdale.”
Lofts at The District is surrounded by millions of square feet of popular retail, restaurant and multifamily development, including The Promenade, Kierland Commons and Scottsdale Quarter. It also sits at the center of a highly educated labor pool, drawing employees from Scottsdale and its neighboring cities.
Construction at Lofts at the District is scheduled to begin this month and complete before the end of the year. Ryan Timpani and Nick Bialkowski at Colliers International serve as the project’s exclusive leasing brokers. RSG Builders is the general contractor.
Upon delivery, Lofts at The District will join a growing list of George Oliver projects including The Quad in Scottsdale, CASA in Phoenix’s booming Uptown neighborhood, Junction 23 in the RiNo arts district of Denver and Upcycle, located in the trendy Eastside submarket in Austin.