Luxury condominium project Portico – North Scottsdale, a key piece of DMB’s One Scottsdale master-planned development, will kick off Belgravia Group’s entry into the Arizona market. The development at Loop 101 and Scottsdale Road, by the award-winning Chicago-based real estate development firm, will be comprised of 112 residences and will feature stunning views of the McDowell Mountains, an outdoor pool, upscale clubhouse, and a state-of-the-art fitness center.
The residences will be located within nine discrete buildings, each with only five floors, with enclosed parking and intimacy not found in high-rise living. Portico offers floor plans for one- two-, three- and four-bedroom residences with one-bedroom plus dens, and these gracious homes will feature up to 540 square feet of additional outdoor living area and a true indoor-outdoor living experience.
“Chicago has been our home for over 70 years, and we are very excited to bring our product to Phoenix/Scottsdale. We have followed this market for many years, and we believe its ongoing growth and strong community is a natural fit for our approach to thoughtful design and home-building,” says Jonathan McCulloch, co-CEO of Belgravia Group.
Expanding beyond its Chicago roots was the natural next step for Belgravia Group. Belgravia principals own homes and have spent several years wintering in the Phoenix area. “My family and I have a second home in Scottsdale and we love all the Valley lifestyle has to offer,” says Alan Lev, chairman of Belgravia Group. “I have been looking for the right opportunity for Belgravia Group in the Phoenix/Scottsdale market and am delighted that we are about to launch Portico – North Scottsdale.”
The master-planned One Scottsdale development, when completed, will include up to 2.8 million square feet of retail and office space, 2,000 residential units and 400 hotel rooms.