Chicago’s Belgravia Group will develop Portico – North Scottsdale
Belgravia Group, Chicago’s award-winning real estate development firm with more than 70 years of luxury projects constructed under its brand, has announced its entry into the Arizona market.
Belgravia Group’s first Valley project will be Portico – North Scottsdale, a collection of 112 luxury condominium residences ideally located at the Loop 101 and Scottsdale Road, featuring stunning views of the McDowell Mountains, outdoor pool, upscale clubhouse, and a state-of-the-art fitness center. Portico will be a key piece within DMB’s One Scottsdale masterplan development, which will include up to 2.8 million square-feet of retail and office space, 2000 residential units, and 400 hotel rooms upon completion.
The residences will be located within nine discrete buildings, each with only five floors, with enclosed parking and intimacy not found in high-rise living. Portico offers floor plans for one- two-, three- and four-bedroom residences with one-bedroom plus dens starting at $540,000 and four-bedrooms at $1,420,000. The gracious homes will feature up to 540 square-feet of additional outdoor living area and a true indoor-outdoor living experience.
Expanding beyond its Chicago roots was the natural next step for Belgravia Group. Belgravia principals own homes and have spent several years wintering in the Phoenix area.
“My family and I have a second home in Scottsdale and we love all the Valley lifestyle has to offer,” said Alan Lev, Chairman of Belgravia Group. “I have been looking for the right opportunity for Belgravia Group in the Phoenix/Scottsdale market and am delighted that we are about to launch Portico – North Scottsdale.”
Belgravia Group’s sterling reputation and intuitive home designs have collected numerous accolades throughout its Chicago tenure, including being named Chicago’s Developer of the Year in 2021, 2020 and 2019 by Chicago Agent Magazine and Development of the Year for two recent Chicago projects, Renelle on the River and Three Sixty West. Now, Belgravia Group will be bringing its stress-free home buying experience to Scottsdale with highly livable floor plans, renowned building designs and a vertically-integrated customer purchasing process that allows for a seamless experience from handshake to move-in.
“Chicago has been our home for over 70 years, and we are very excited to bring our product to Phoenix/Scottsdale. We have followed this market for many years, and we believe its ongoing growth and strong community is a natural fit for our approach to thoughtful design and home-building,” said Jonathan McCulloch, co-CEO of Belgravia Group. “We frequently remind ourselves that our strong reputation in Chicago can’t ever be taken for granted, and we strive to maintain and improve that reputation with each and every project we develop. Now, for the first time in our 70 year history, we are entering a new market and we will set the foundations for our local reputation to be formed as we seek 112 new, happy homeowners at Portico. This is just the first of many projects we plan to develop in the Phoenix/Scottsdale area.”
Portico’s sales center will open Spring 2022 in the Kierland One office building in Phoenix and will allow prospective buyers to work with Belgravia’s in-house design team to personalize their homes with lighting and wiring layouts and select finishes from an extensive catalog of up-to-date fixtures and materials.