For the past 30 years, The Borgata Shopping Center has been an Italian-style icon in Scottsdale. Arched entryways, European architecture, tables out on the sidewalks, and pointed roof lines set the beautiful buildings apart. It was built in 1981, on the edge of Scottsdale and Paradise Valley, and designed to resemble the Italian town of San Gimignano, The Borgata is a unique, upscale shopping venue. The Borgata property has been sold a few times over the last year, but most recently, AV Homes purchased the site for $12.8 million.
AV Homes has plans to transform the property into luxury condominiums or townhomes. Due to the small size of the Borgata property, condos and townhomes are the most viable option for the space. The developer must first develop their official plan and submit it to the City of Scottsdale, along with their request to change the site’s zoning from commercial to residential.
The developer has already agreed to keep the two freestanding restaurants currently doing business at The Borgata: Blanco Tacos and J. Alexander’s, as part of the housing development plan.
By turning a once-vibrant shopping center into a luxury community, AV Homes has chosen a picturesque spot for future homeowners in Scottsdale and Paradise Valley. Surrounded by Echo Canyon, Camelback Mountain and many other exciting outdoor spots, this up-and-coming luxury neighborhood is sure to attract plenty of attention.
Get in on the ground floor of this incredible new community, right in the heart of exciting Scottsdale. Call me today at (602) 791-0536 to find out about all the newest condo and townhouse developments in Scottsdale.
Carmen Brodeur JD
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260