Scottsdale-based Deco Communities has closed on a key parcel of land that will change the skyline of Old Town Scottsdale with the addition of a new luxury condominium tower. Slated for completion in 2016, the property located at 4244 N. 75th St. will be transformed into one the most exclusive residential addresses in the Valley. Aptly named, Envy will include 90 elegantly appointed residential units and rise 8 stories to overlook the vibrant Entertainment District’s culinary, nightlife, gallery and retail scene. Developed in a joint venture between development industry powerhouses Deco Communities and a partnership comprised of Minneapolis-based Castlelake and California based Isles Ranch Partners, Envy will be the first major luxury residential tower announced for the Phoenix-metropolitan area since the economic collapse of 2008.
Envy will offer an unprecedented level of luxury that is in high demand by affluent Gen-Y homebuyers in the heart of Scottsdale’s urban core. Envisioned by a team of world-class talent, this architectural masterpiece will tower over the city, offering residents breathtaking, unobstructed panoramas of Camelback Mountain, the McDowell Mountain Range and the glittering city lights.
“We have assembled the most talented architectural and design team in the country to create Envy,” said Rob Lyles, Partner of Deco Communities. “We are thrilled about the opportunity to deliver a long-anticipated, first-class residential experience to the heart of downtown Scottsdale. Envy is luxury for the next generation, catering to the affluent millennial that wants to be at the center of Scottsdale’s electrifying 24-hour atmosphere. This is the next generation of luxury living in the heart of the city’s core.”
Daniel Gehman of LA-based Harley Ellis Devereaux, an award-winning architecture firm whose credits include a collection of high-profile Los Angeles designs including Wilshire La Brea, 1100 Wilshire and The Mercury, leads the project. The building’s sleek exterior, constructed from glass and stone panels blends seamlessly with the contemporary aesthetic of Old Town’s vibrant neighborhood. Drawing inspiration from iconic projects such as the Cosmopolitan Hotel in Las Vegas, Envy’s opulent interior will by styled by Phoenix-based Private Label International.
Standing as the only residential tower in Old Town Scottsdale’s designated Entertainment District, Envy will feature units starting from $425,000. There are 8 richly appointed floor plans including three penthouse designs. The units will range from 800 to 1,750 square feet with every luxury comfort and convenience considered. Each residence will boast beautifully appointed modern amenities including European-style kitchens with gas appliances, 9- to 11 foot ceilings, quartz countertops and backsplashes, designer fixtures and hardware, oversized mirrors, deep soaking tubs and glass steam showers, spacious walk-in closets, wood floors and large balconies perfect for entertaining and soaking in the incredible views.
Designed to entice every whim of the luxury condominium consumer seeking chic solace in the heart of Scottsdale, Envy will offer a variety of social amenities including a glamorous Grand Lobby with 24-hour concierge and security, a 4,000 square foot fitness facility inspired by LA’s Equinox and David Barton gyms with lounge and juice bar, rooftop pool deck with negative edge saltwater pool, luxurious cabanas, relaxation-ready sound system and sweeping 360 degree views. An underground three-level parking garage will offer private, secured parking for residents only. The ultimate urban sanctuary, the Envy lifestyle will afford residents a superior level of stylish living, VIP services, luxe amenities and the Southwest’s hottest playground right at their front door.
At the heart of Old Town Scottsdale, Envy residents will be just steps away from Scottsdale’s epicenter boasting a mix of premier nightlife, shopping, cultural destinations and hip restaurant options. Nearby destinations include the W Scottsdale, Sushi Roku, MAYA Day + Nightclub, Dierck’s Bentley’s Whiskey Row, SMoCA, Scottsdale Stadium, The Mint and Barney’s New York all within a in a neighborhood that is currently experiencing phenomenal growth.
Reservations for Envy residences will open in Summer 2014. For more information about Deco Communities or Envy or to request property renderings or to schedule an interview contact Melissa Rein.