$25M, 53,000 SF Mixed-Use Project Set to Open This Spring
– LGE Design Build recently broke ground on Chauncey Lane, an upscale dining, shopping and entertainment destination expected to start drawing crowds late next spring.
The massive, 53,000-square-foot mixed-use project is taking shape at the intersection of Scottsdale Road and Chauncey Lane, bringing with it a broad range of high-end retailers, restaurants and fitness centers as well as an adjacent, 300-unit luxury apartment complex. The ultra-luxe destination-within-a-destination comes courtesy of developer DBM Ventures, which teamed up with general contractor LGE Design Build and co-architects Cawley Architects and AV3 Design on the ambitious project.
“Scottsdale is known for its superior accommodations, dining and entertainment options and considerable aesthetic and architectural appeal, and Chauncey Lane will embody all that and more,” said LGE Design Build President and CEO David Sellers, of the $25-million addition to the city. “It’s a property that’s going to make an artistic statement, and it will also further enhance the city’s reputation as a top-tier place to live, work and raise a family.”
Chauncey Lane will enhance a landscape already rich in Arabian horse history, and guests and residents will see this come across in some of the destination’s style and design elements. The property will also feature a walkable, stroller-friendly design to better serve the city’s increasing foot traffic.
“A project of this scale drives success throughout the city,” said DBM Venture’s Bret Anderson. “It’s great for jobs, it’s great for businesses looking for significant investment opportunities, and it’s great for the Scottsdale economy.”
Expect Chauncey Lane’s first tenants and residents to open their doors sometime in late spring of 2018. For information about restaurant and retail leasing tenant opportunities, contact Western Retail Advisor’s Chris Osborn at firstname.lastname@example.org. For information about office leasing, contact Bob Kling of Lee & Associates at email@example.com. For more about Chauncey Lane, visit ChaunceyLane.com. For more about LGE Design Build, visit LGEDesignBuild.com.
Chauncey Lane Marketplace Project Info:
Developer: DBM Ventures
General Contractor: LGE Design Build
Architect: Cawley Architects
Location & City: SEC Scottsdale Road and Chauncey Lane in Scottsdale
Size (SF): 4 commercial buildings, 54,289 sf
Brokerage Firm: N/A
Value $XX million: $8.7
Estimated start & completion dates: Start date 08.04.17 Est Completion date 05.03.18
Subcontractors (electrical, masonry, etc.): N/A