The over-600,000 square foot mixed-use project is adjacent to the Desert Mirage Marketplace and JW Marriott Desert Mirage Resort and Spa.
The sales price for the 25 acre parcel was $172 million. Rood Investment is listed as a new owner. Scanlan Kemper Bard (SKB), who has been involved with the project since 2013, maintained rights of a five acre unbuilt parcel. SKB’s Todd Gooding says plans for the next phase of High Street call for a 140-room hotel, an office building and a parking garage. High Street currently has a 99-unit multifamily community, 330,000 square feet of office space, 175,000 square feet of retail and nearly a dozen dining and bar options.
The development is a part of the Desert Ridge Master Plan, which claims to be the largest master-planned community in Arizona. It includes more than 2,400 residential homes and apartments, and approximately 2.5 million square feet of office and retail space.
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