Disclosure: Rose Law Group represents Spring Creek Development
Spring Creek Development looks to invest $574.5 million in Old Town mixed-use development
By Melissa Rosequist | Scottsdale Independent
For the second time this year, a large mixed-use project is seeking Scottsdale’s approval to redevelop a portion of the downtown area.
The anticipated SouthBridge 2.0 project coming down the municipal pipeline is set to go before Scottsdale City Council next month.
Led by Spring Creek Development, SouthBridge 2.0 seeks to redevelop nearly 10 acres in Old Town Scottsdale, near Goldwater Boulevard and Fifth Avenue along the Arizona canal.
The mixed use project — estimated to cost $574.5 million throughout construction — was slated to go before council in October, before being continued to the Nov. 12 meeting at the request of city staff. According to the City Council agenda, staff requested the continuance to finalize the associated development agreement and other outstanding items.