Connell makes second play in Scottsdale…buys site for $55M apartment project

Connell LogoBy Business Real Estate Weekly

Scottsdale – After finding success with a stalled residential condominium project the company acquired in south Scottsdale in 2010, Connell Real Estate Development Co. in Berkeley Heights, N.J. (Grover Connell, pres.) is investing another $55 + million to build an upscale apartment complex just down the street. Connell Real Estate is developing a 278-unit multi-family rental project along the east side of Scottsdale Road and just north of Thomas Road. Clayton-Connell LLC paid $7.26 million to buy the 4.47-acre site, which is now occupied by 40,251 sq. ft. of commercial buildings that will be demolished

Continued:

Share this!

Additional Articles

Sprouts coming to Sierra Vista

By Rose Law Group Reporter The Phoenix office of JLL announced that it has signed Sprouts Farmers Market as the signature anchor tenant for Tribute Plaza, a new neighborhood

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.