6,900 Scottsdale apartments in pipeline

An artist’s rendering shows Optima Sonoran Village on Camelback Road.

By Peter Corbett, and Edward Gately

The Arizona Republic

Scottsdale’s first wave of apartment development is advancing downtown but the big surge isn’t expected to sweep across the city until next year.

Scottsdale was flooded with rezoning requests and plans over the past two years to build apartments after a decade with only a few hundred new units added to the city’s housing supply. Most of the projects were approved but there has been a lag in development while builders finalize their plans and secure financing.

But signs of dirt turning are out there.

Continued:  http://www.azcentral.com/arizonarepublic/business/articles/2012/08/23/20120823scottsdale-arizona-apartments-planned.html#ixzz25PVLiCUt

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Scottsdale primed for apartment restocking/The Arizona Republic

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