X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SCOTTSDALE, AZ-Developer Mark Madkour has been working for more than two-and-a-half years to get his mixed-use, $600 million Solis Scottsdale and Residential Resort off the ground. A request from Scottsdale’s city council to postpone a rezoning presentation until after the first of the year will extend that waiting period a bit longer.

The review is focused on one final piece of the retail and residential development: permission to move the Salt River Project’s electrical substation from the development site at Scottsdale and Camelback Roads to a new location. The location at 68th Street and Indian School Road is also owned by Madkour and partners.

The new location needs to be rezoned, but Madkour told GlobeSt.com in a previous interview that obtaining zoning approval shouldn’t be a problem. However, Scottsdale’s city council requested that the review, originally scheduled to take place on December 9, be pushed to January 27.

A spokesman for Madkour’s local Scottsdale Canal Development LLC tells GlobeSt.com that the holdup involves a final contract to be signed between the City of Scottsdale and the developer. The agreement involves, among other things, the status of two pedestrian bridges. There is nothing hindering the agreement, the spokesman says, and it should be finalized this week.

“The council asked if we could delay our presentation until the agreement was finalized,” the spokesman continues. “In January, a new council takes over, and their first meeting, January 6, will be too soon. Everyone felt it would be better if they could have more time with it before we presented the case for rezoning to them.”

If the council approves the rezoning request, preconstruction will begin as soon as possible on the substation. The spokesman says the timeline for groundbreaking of the actual Solis project hasn’t yet been determined.

He notes that the delay gives them more time to educate the public both about the substation and Solis. The substation rezoning request has seen its share of controversy from neighbors in the area, and the spokesman says Madkour understands the concerns.

However, “once people learn about how the substation will be relocated, and that it’s being designed by an award-winning architect,, they’ll see how the project, overall, will end up being a big benefit to Scottsdale,” he adds. “This delay gives us more time for outreach, and for feedback from the community.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.