Scottsdale could be getting a new luxury hotel and condo complex along the Arizona Canal near Scottsdale and Camelback roads soon.

Los Angeles-based developers Steven and Shawn Yari, who also built the W Hotel and redeveloped the Galleria Corporate Centre in downtown Scottsdale, filed plans for WaterView with city officials in November for the $175-million project called WaterView. Construction could begin before the end of 2015.

At the heart of the project is a five-story luxury hotel with 269 rooms and a rooftop pool deck featuring outdoor fire pits and views of the McDowell Mountains to the north and downtown Scottsdale to the south and west. The hotel will also have space for a day spa, event center, meeting rooms, and nearly 11,000 square feet dedicated to restaurants and shops at ground level.

Those ground-level shops and restaurants will be located along Camelback Road, across from the W Hotel and Scottsdale’s entertainment district.

Although the hotel will operate under the flag of a yet-to-be-named hotel chain, the developers say it will be a “four-plus star,” full-service hotel, according to an article in The Arizona Republic. A pedestrian bridge would connect it and the condo community to Scottsdale Fashion Square mall.

The four-story residential component of the project would include roughly 240 units and run along the canal behind the hotel. Those units, which range from an average 511 square feet for the 28 studios to 1,384 square feet for eight three-bedroom units, could be sold as condos or leased as apartments.

Residents will enjoy underground parking and a two-story fitness center featuring a pool, spa, bocce ball court, and outdoor yoga space. A one-acre park, which would be open to surrounding neighborhoods, is planned on the northern end of the property.

If this all sounds familiar, it should. A similar mix-use development called Solis was previously slated for the 8-acre property.  That project was foreclosed on back in 2011.

Now that the economy is on a slow but steady growth track, it seems developments like these will become commonplace again around Scottsdale.

Don Matheson
Realtor | Founder
The Matheson Team – RE/MAX Fine Properties
21000 N. Pima Rd., #100, Scottsdale, AZ 85255