EXCEPTIONAL LUXURY LIVING EXPERIENCE

Property Details

ADDRESS 1401 N Granite Reef Road,
Scottsdale, AZ 85251
NO. OF UNITS 20
STORIES Three
NRSF 37,236
APN 131-07-562 to 587
SITE AREA 0.89 Acres
ZONING R-5, Scottsdale
STRUCTURE Wood Frame & Concrete Block
FOUNDATION On-Grade Concrete Slab
ROOF Flat Built-Up Cool Roof Technology
SIDING Synthetic Stucco
HVAC Condensing Unit with In-Unit Air Handler
DOMESTIC HOT WATER Hybrid On-Demand

Strategically located in the heart of Scottsdale, a city renowned for its luxurious lifestyle and vibrant community, Eclipse is an extraordinary multifamily development that sets a new standard for contemporary residential living.

This exclusive project seamlessly combines modern architectural sophistication with state-of-the-art amenities and sustainable practices, offering a unique residential experience crafted to the discerning tastes of its residents. Here is an in-depth look at what distinguishes this Scottsdale multifamily development.

Highlights

  • Scottsdale Ranked as the Best City in the Country to Find a Job, Boasting a 12% Annual Job Growth Rate.
  • 100% Occupancy, Extremely High Demand Rental Marketplace
  • Old Town Scottsdale Submarket Boast the Lowest Perennial Vacancy Rate, currently at 6.4%
  • Lowest New Multifamily Construction Submarket: Only 260 Units Currently Under Construction
  • Unique Modernist Design by Award Winning Architectural and Development Team
  • Exceptionally Sized 1,752 to 2,012 Square Foot Two-Bedroom and Three- Bedroom Homes
  • Access Control Gated Community
  • 20 Expansive and Private Two Car Garages
  • Established HOA, Facilitating Future Individual Unit Sales

The Scottsdale Submarket is rapidly growing

Location

Scottsdale boasts a vibrant nightlife and an excellent restaurant scene, which has attracted a concentration of young professionals.

3.0%

Unemployment Rate

#7

Safest City in the US

50+

Golf Courses in Scottsdale

$113,694

Avg HH Income (3 mi)

The submarket has a large inventory of high-quality office space and is home to numerous major employers, making it one of the few live/work/play communities in the Valley. As a result, the neighborhood is one of the most desirable places to live in Phoenix and, as such, commands some of the steepest rents.

The positive underlying economic drivers continue to support demand for housing in the area. Old Town Scottsdale and neighboring North Scottsdale have about 30 million SF of office space, making it the largest office-employment hub in the metro. Notable employers in the area include Honor Health, INDEED, and CNA Surety, which generate high-paying jobs. Along with high educational attainment, the submarket has one of the top median household incomes in the metro.



Demographics


Due Diligence

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