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Southern Scottsdale

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September 14, 2018 | SkySong

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Southern Scottsdale Primed for Jump in Property Values – SRP Confirms Long-term Water Supply for Entire Valley

On Sept 14, 2018, the Kasten Long Commercial Group (KLCG) in partnership with American Title Service Agency hosted a unique educational event at SkySong.   Some of the best speakers in their field defined the economic engines and planned activities in and around South Scottsdale that will produce many JOBS projected to result in a very strong demand for housing.  This demand is anticipated to significantly increase residential and commercial property values.

Scottsdale Mayor W. J. (Jim) Lane noted that Southern Scottsdale is already a world-wide destination for entertainment, tourism, restaurants, shopping, business, and exceptional housing.  Brian Krob with Aline Architecture Concepts and a member of the recently formed South Scottsdale Alliance, noted that the Alliance is supporting the Mayor’s number 1 priority – the redevelopment of the McDowell Road Corridor.  In addition to what the City of Scottsdale has planned, SRPMIC and SkySong are two strong economic engines that will further enhance the economy.  Arvle Knight, a senior broker with KLCG, provided an overview of the recently completed and planned apartment and condo market already fueled by the thriving economy.

SRPMIC – Talking Stick

Southern Scottsdale has a great neighbor to the east.  Aaron Studebaker with the Salt River Pima Maricopa Indian Community (SRPMIC) summarized the many commercial and entertainment projects completed since the 1.1 million sf Pavilions on Indian Bend Road in 1991.  In addition to many new impressive projects under construction, such as Great Wolf Lodge, Medieval Times, The Block and the Edge PLUS, there are more than ten significant new projects in the works, but not yet announced.  It’s obvious that from Loop 202 north to Shea Blvd. and a mile east of Pima Road, this entire strip will be an amazing tourist and business attraction.  Since SRPMIC does not allow housing and there will be a huge number of JOBS created, demand for nearby housing (houses, condos, apartments) will dramatically increase.

ASU’s Innovation Zones

In the southern portion of South Scottsdale and within two miles of Scottsdale’s south border, there are two areas within ASU’s Innovation Zones with huge development plans.  Todd Hardy, the Managing Director of ASU’s Innovation Zones, described the planned development of the 330-acre Novus Innovation Corridor located just east of the ASU Tempe campus and the 42-acre SkySong facility at the corner of McDowell and Scottsdale Roads.  The planned total buildout for the Corridor is 8 million sf office, plus retail, dining, lodging creating more than 34,000 JOBS. SkySong is only partially built-out and already has more than 2,000 employees.

City of Scottsdale

Mark Paratore, City of Scottsdale’s Economic Dev. Project Manager, provided insight on many proposed apartments, condos, hotels, mixed use facilities and a 200,000+ sf office complex – all located from Chaparral Road to just below McDowell Road. A very significant mixed-use project will be in Museum Square (Marshall Way and 2nd St) that has been approved for 190 ft height.  With more projects of this height, the skyline of southern Scottdale is about to change and land able to be zoned with this height will dramatically increase in value.

SRP – Water Resource

While the activities in southern Scottsdale are about to drive property values higher, the most important presentation may have been the long-term water resource for the entire Valley.  Colette Moore, Senior Water Planning Analyst for SRP, acknowledged that many folks believe our growth may not be sustainable, but she assured everyone that because SRP has been providing and planning our water supply for more than 100 years, we have a reliable, abundant and well-managed water supply for the future.  In addition, she noted that between 1957 and 2016, the population for metro Phoenix increased 504% while the annul water use dropped 2%.  Another dramatic point made was that water from the Salt and Verde Rivers that run directly into the Valley come from a huge drainage basin that include Prescott, Flagstaff, Payson, Show Low, Alpine and Globe – all areas receiving much more precipitation than the Valley.  Companies considering expanding or locating to our area need to know we have plenty of water for the future.

Charitable HomeTown Hero Project

The event was also a fund raiser for HomeTown Hero Project, a military veterans support group.  The hope is that other event coordinators will take notice and support similar groups.  The picture shows Jim Kasten presenting a check to Charles Evans representing the Project www.HTHProject.com

The Hometown Hero Project is a Veteran Owned Public Benefit Corporation

In Partnership With

 

Sponsor American Title

 

In-Kind Sponsors

 

         

 

Contacts For Media Inquiries

 

Jim Kasten, CCIM, Kasten Long Commercial Group
Jim@KLCommercialGroup.com
602-677-0655

Helena Donohoe, American Title Service Agency
Hdonohoe@ASTAAZ.com
480-818-8274

our special sponsors

Meet the speakers

Information presented here is what every property owner, apartment owner/manager, commercial and residential developer and all real estate agents working in the area will need to know.

Economic Development Program Mgr, City Of Scottsdale

The Scottsdale Economic Development Team consists of multiple organizations with many dedicated individuals who are instrumental in attracting retail, tourism, entertainment and business opportunities with strong wage JOBS. The Team also interacts with SkySong to enhance the dynamic growth of southern Scottsdale.

Managing Director - Innovation Zones, SkySong

The goal of SkySong’s 42 acre mixed use facility is to attract and help grow cutting-edge, innovative companies from around the world. Upon buildout, SkySong will have more than 1.2 million sf office space. There are already 60 companies with more than 2,000 employees working at SkySong.

Community Development Project Manager, Salt River Pima-Maricopa Indian Community

How to work with SRP-MIC (Talking Stick) plus what’s happening in the Talking Stick Entertainment District with a focus on the past, present and projected strong growth of their hospitality, retail, office and entertainment projects.

Senior Water Planning Analyst, SRP

The common perception is with only 8 inches of rainfall annually and the increased population – the valley will soon run short of water. This is ABSOLUTELY INCORRECT.  Your out-of-state clients, including some that may be considering relocating their company here, need to know the facts.

Mayor, City Of Scottsdale

Opening Remarks – Welcome to SkySong

South Scottsdale Alliance

The South Scottsdale Alliance is dedicated to advancing investment and revitalization opportunities in Southern Scottsdale and on the McDowell Road Corridor.

Media

Pictures & Video

Venue

Venue

SkySong
1475 N Scottsdale Rd
Scottsdale,AZ85257United States
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