Denver Developer Acquires Vacant Parcel in $1B North Scottsdale Mixed-Use Development

DMB Associates Inc. sold a 3.21 AC parcel in its $1B One Scottsdale development to Denver’s Grand Peaks for $22.75 M. Grand Peaks aims to erect a 5 story building with 280 apartments and a 6.5 story parking garage. One Scottsdale’s master site plan includes provisions for 1,250 units on 120 AC, with multiple developers involved. The luxury condo project Portico by Belgravia Group Ltd is over 70% sold, with a second phase planned. One Scottsdale, also featuring non-residential projects, has 40 AC left for potential further developments.

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