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That Real Estate Show

GoDaddy founder going for gold in Phoenix-area real estate

From Internet to commercial, GoDaddy founder Bob Parsons is making Phoenix-area real estate his domain.

The billionaire founder of the Scottsdale-based web-hosting company now wants to build a nearly 6,000 square-foot rooftop deck restaurant that would overlook the scenic McDowell Mountains in north Scottsdale.

Parsons recently submitted a request for a development approval to the city of Scottsdale through his YAM Properties, the commercial real estate arm of his entrepreneurial hub, YAM Worldwide.

The proposed restaurant would be housed on YAM Properties’ McDowell Mountain Marketplace at Bell Road and Thompson Peak Parkway, and also include some 3,600 square feet of patio space.

Design plans still have to be approved by Scottsdale’s Development Review Board, of course. But Parsons has designs on a number of other projects as well.

The restaurant proposal follows the Scottsdale City Council’s approval of a permit this month to allow Parsons to revamp and expand on his Scottsdale National Golf Club, also in north Scottsdale.

And, as reported by Business Real Estate Weekly of Arizona earlier this month, Parsons’ YAM Properties also recently snapped up a commercial building for $6 million in downtown Tempe and acquired the Village at Shea shopping center in Scottsdale for a reported $32.5 million.

Alongside a Harkins movie theater, Coffee Plantation and Pita Jungle, the Village at Shea also houses Amy’s Baking Company — the restaurant that drew national attention after a heated exchange between its owners and celebrity chef Gordon Ramsey was televised on the reality show “Kitchen Nightmares” in 2013.

Parsons’ companies also own commercial buildings in Glendale and Mesa.

Motorcycle dealerships and a new line of golf clubs are also among his numerous business ventures.

Parsons sold a portion of GoDaddy in 2011 but still serves on the company’s board of directors.

Join Realtor Diane Brennan for That Real Estate Show on Sundays at 8 a.m. on KTAR News 92.3 FM.

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