$450M Residential Resort - CamelSquare at 44th...

$450M residential resort planned near Camelback and 44th Street, from the East Valley Tribune, reports that Phoenix-based M3 companies plan to redevelop a 17-acre site at the northwest corner of Camelback and 44th Street with a boutique hotel, retail, office and residential uses. The project, called CamelSquare at 44th, would replace the 12-building CamelSquare complex that was built in the 1970's. It will have 950,000 s.f., including three 9-story condominiums. The residential portion will offer a range of luxury housing, from single-family lofts to single-family homes on 14,000 s.f. lots, with prices ranging from $500,000 to $3 million. Developers hope to have city zoning approval in February. The project is expected to take five-years to build out.



http://www.eastvalleytribune.com/index.php?sty=74126