Downtown Scottsdale Explodes...

The Bottom Line: Millions help downtown Scottsdale bloom, from the East Valley Tribune, reports that from January 2003 to August 2005, the city of Scottsdale says $1.4 billion was pumped into downtown through the construction or renovation of hotels, condos and retail and office development. More than 2,000 lofts and condos will be built in the area and there are several high profile boutique hotels on tap. Project noted in the article include the Hotel Valley Ho at $82 million, the W Hotel at $82 million, the Hacienda Resort at $6.5 million,the Optima Camelview Village, a 750-unit condo development at $250 million and the Scottsdale Waterfront at $250 million. If the rest of south Scottsdale is included, or the area from Pima to 64th Street, McKellips to Chaparral, the investment is more than $2 billion.

http://www.eastvalleytribune.com/index.php?sty=54253