An artist’s rendering shows a potential look for the planned redevelopment of the Mint night club in Scottsdale, which the landowners want to redevelop into a hotel. (Photo courtesy of City of Scottsdale.)
By Corina Vanek | Phoenix Business Journal
All eyes remain on Old Town as a prime employment and redevelopment area in Scottsdale, even as other parts of the city, including the Scottsdale Airpark and the McDowell Road Corridor, emerge as heavy-hitters for attracting new development.
Stockdale Capital Partners, led by Managing Principal Shawn Yari, has spent years buying up property in Old Town, aiming for a landmark redevelopment project. Last December, Scottsdale City Council approved plans for the Scottsdale Collection, Yari’s bold project at the southeast corner of Scottsdale and Camelback roads.
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Jordan Rose, owner of Rose Law Group, said Old Town is a testament to the creativity of developers who have had a hand in some of the iconic buildings in the area, which has become a way for the city to sell itself. “I had a client sitting on my balcony because we were trying to socially distance and be outside and talk,” Rose said. “And he looked outside he’s from out of state, and he said, ‘This is crazy. This is the best place possible in the world.’”