Scottsdale – Mark-Taylor Inc. in Scottsdale (Jeff Mark, Scott Taylor, principals) plans to build a 252-unit luxury rental complex on a portion of the former Rawhide western town theme park in Scottsdale. The 16.7-acre site for the planned multi-family project is located along the east side of Scottsdale Road and just south of Pinnacle Peak Road. MT Pinnacle LLC (Mark-Taylor entity) paid $10 million to acquire the land. The seller was LaSalle115 Holdings LLC-Series 34 Villa Volterra. That company is owned by BMO Harris Bank in Chicago, Ill., as successor to M&I Bank. The sale was brokered by Pat Lannan of DPC Realty Services Inc. in Scottsdale. The high-end apartment community is being designed by Architectural Design Group (a Mark-Taylor affiliate). The one-, two- and three-bedroom units will average about 1,100 sq. ft., with monthly rents averaging around $1,430. Construction slated to start mid-2015, with opening to follow around 10 months later. Continued
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