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Scottsdale City Council OKs $300M Museum Square development

(Rendering/Macdonald Development)

PHOENIX – The city of Scottsdale is moving forward with plans to turn a deserted transit station into a $300 million development that will include a hotel, residences and restaurants.

The city council unanimously approved the deal to build Museum Square at Goldwater Boulevard near Marshall Way in the Old Town Arts District at last Tuesday’s meeting.

The city owns most of the 7.34-acre site. Canada-based Macdonald Communities, which has an office in Phoenix, has agreed to buy the property for about $27 million.

The development was expected to generate $1 million annually in tax revenue for the city.

The site would include four buildings for residents – 190 units – and 774 parking spaces overall. A 190-room hotel would reach 150 feet high.

“Now is the time for the renaissance of the arts district,” attorney John Berry, a zoning specialist, said at the meeting.

He called the area a “faded jewel in the city’s crown.”

He pointed to collaboration with residents and business owners in getting the project to this point.

The Scottsdale Artists School, Scottsdale Museum of the West and the Stagebrush Theater are nearby.

“We’ve worked on a lot of projects that have gone on for years and years, and never happened,” Macdonald said during the session. His group has been on the project since 2017, he said.

“And I think (the city) team here was very determined to make this happen.”

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