DBM Ventures developing $25M Chauncey Lane mixed-use project
Scottsdale has no problem drawing crowds, thanks to its thriving dining scene, striking architecture, ample opportunities for shopping and entertainment and near-endless eye candy, and newcomers and locals alike will find all four in abundance at Chauncey Lane.
The massive, 53,000-square-foot mixed-use project will debut at the intersection of Scottsdale Road and Chauncey Lane, bringing with it a broad range of high-end retailers, restaurants and fitness centers alongside adjacent luxury residences.
“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, of the $25-million project. “Expect an upscale, interconnected environment that offers virtually everything you need at one address.”
The sleek, expertly designed destination-within-a-destination arrives courtesy of developer DBM Ventures, with LGE Design Build serving as general contractor and Cawley Architects/AV3 Design taking on the role of lead architect for the project.
“I appreciate this new investment in Scottsdale,” said Scottsdale Mayor Jim Lane. “This is a great mixed-use project in a great location that will provide wonderful new amenities for our citizens and visitors.”
The adjacent luxury residential component from JLB Partners will set the standard in terms of luxe Scottsdale living, boasting over 300 units with state-of-the-art amenities, elegant interiors and common areas and top-tier features throughout, including a rooftop exercise clubhouse and pool.
“The trend nowadays is to stick closer to home,” said Sellers. “Chauncey Lane offers the same luxuries as today’s thriving downtown areas, but without the parking headaches or commute home.”
The destination will take shape in an area rich in Arabian horse history, and residents and visitors can expect nods to the land’s early days as a horse training ground in Chauncey Lane’s style and design elements.
“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.”
Inquiries from prospective tenants may be directed toward Chris Osborn of Western Retail Advisors at email@example.com for restaurant and retail leasing and Bob Kling of Lee & Associates at firstname.lastname@example.org for office leasing.
Groundbreaking on Chauncey Lane is expected for summer 2017, with an anticipated opening date of summer 2018. For more about Chauncey Lane, visit ChaunceyLane.com. For more about LGE Design Build, visit LGEDesignBuild.com.