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Los Arcos project would have housing, retail
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Scottsdale Centrovida Future Grocer
Scottsdale Centrovida is the new name of a proposed project scheduled to bring apartments, town homes, shops, restaurants and a new grocery to a site next to SkySong.
Developer PDG America is expected to file its rezoning application today with the city for the project formerly known as Los Arcos Crossing, on McDowell Road between 74th Street and Miller Road.
The $150 million project is proposing to build between 405 and 525 apartments - in up to five buildings as high as five stories - about 70 town homes, and about 150,000 square feet of retail space including a grocery and public spaces.
As part of the rezoning, the developer plans to acquire 3.5 acres east of 74th Street owned by Scottsdale.
This is part of 42 acres the city bought southeast of McDowell and Scottsdale roads, the majority of which has been leased to the Arizona State University Foundation for SkySong.
PDG also plans to ask the city to fund building and maintenance of roads through the project, including Plaza Boulevard, which will run through Centrovida and connect to the west with SkySong Boulevard, project attorney Lynne Lagarde said.
Lagarde said she did not have an estimate of the land's cost or how much it will cost the city to build the roads and infrastructure - a city contribution that would need City Council approval at the time of therezoning.
Lagarde said the city's contribution will only be for the public, not private, portions of the project.
The rezoning request is necessary to allow residential units and the increased height on the 26-acre site.
The developer is hoping to go as high as 60 feet, the same height allowed at neighboring SkySong, a planned high-tech research center.
No tenants have been announced for Scottsdale Centrovida - whose name is taken from Spanish words for "center of life" - although Lagarde said the developer is negotiating with a grocery, sit-down restaurants, a bank and other neighborhood retailers.
Talks have ended between PDG and Bashas' to have the company build a supermarket on the site that it has occupied for more than 40 years.
Although for the past year both sides expressed an interest in signing a deal, Lagarde said Bashas' has terminated its lease and PDG is now in negotiations with another grocer.
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