ARIZONA NEWS

Southbridge II property in Old Town Scottsdale sells for $38M

Dec 27, 2021, 4:35 AM | Updated: 8:14 am
(LGE Design Group)...
(LGE Design Group)
(LGE Design Group)

PHOENIX – Ownership of about 4½ acres in Old Town Scottsdale recently changed hands, opening a new chapter for the property known as Southbridge II.

A group led by the founding partners of developer Creation RE purchased the land from the Unger family for $38 million, according to a press release.

The sale covers a three-site cluster south of the Arizona Canal between Goldwater Boulevard and Scottsdale Road.

Phoenix-based Creation partnered with real estate companies Crescent Commercial and FCP on the deal.

The Ungers had previous plans to use the property for a multi-use development as a sequel to their nearby Southbridge project, which opened in 2007.

But local property owners repealed Southbridge II zoning approvals through a referendum drive.

“We fully understand the sensitivities and dynamics of these properties and this neighborhood,” Creation co-founder Bob Agahi said in the release. “That’s why our capital and approach will be a patient one.”

Agahi said the ownership group would start out by getting input from city officials and community groups.

Whatever the project turns out to be, LGE Design Build will design it with Perkins+Will as the architect. LGE Design Build is owned by Creation co-founder David Sellers.

Creation’s previous work includes projects in the downtown areas of Gilbert and Chandler as well as in north Scottsdale.

“It was very important to me and my family’s legacy to find the right custodians for these signature properties,” Carter Unger, who has been leading the family’s real estate operations since the 2018 death of his father, Fred, said in the release. “We believe we have found those people.”

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(AP Photo/Dar Yasin)...
Associated Press

Navajo Nation increases ability to do COVID testing, vaccinations

Health facilities on the Navajo Nation are increasing the ability to test for COVID-19 and vaccinate people as the omicron variant spreads, tribal leaders said.
8 hours ago
Georgia Lord (Facebook File Photo/City of Goodyear, AZ - USA)...
KTAR.com

Memorial service for former Goodyear Mayor Georgia Lord to be held on Friday

A celebration of life will be held Friday for former Goodyear Mayor Georgia Lord, who died last month at the age of 83, the city announced.
8 hours ago
(AP Photo/Susan Walsh, File)...
KTAR.com

Arizona Sen. Mark Kelly, agriculture chief to speak on wildfire mitigation plan

Arizona Sen. Mark Kelly and Agriculture Secretary Tom Vilsack are set to make an announcement Tuesday about the Western Wildfire Mitigation Strategy.
8 hours ago
(AP File Photo/Elaine Thompson)...
KTAR.com

Arizona health department: ERs are for medical emergencies, not COVID-19 testing

The Arizona Department of Health Services said Friday that because emergency rooms are at the front line of the COVID-19 response, the community should remember the rooms are reserved for medical emergencies only and not for COVID-19 testing.
8 hours ago
(AP File Photo/Martin Meissner)...
Associated Press

Yuma hospital receives aid from Air Force team to care for COVID patients

A 15-member Air Force medical augmentation team is helping with staff shortages amid increasing numbers of COVID-19 patients at Yuma Regional Medical Center.
8 hours ago
Gas prices are displayed at a QuikTrip in downtown Phoenix on Tuesday, Nov. 23, 2021. (Photo by Kev...
Cronkite News | Emily Sacia

Phoenix saw 9.7% inflation last year, outstripping national rate of 7%

Consumer prices rose by an average of 7% in U.S. cities last year, the steepest rise in decades, and they grew even faster in the Phoenix metro area, according to new data from the Bureau of Labor Statistics.
8 hours ago

Sponsored Articles

...
Arizona State University

This is the best year to get your MBA

Getting a master’s degree is a major commitment of time, energy, and money, so returning to school — even if you’re thinking about a part-time program that allows you to keep working — is one of the biggest decisions of your career.
...
Sanderson Ford

Sanderson Ford offers cars and deals for all this holiday season

Sanderson Ford’s No! Vember Black Friday sale is giving an opportunity to purchase a new 2021 vehicle just in time for the holiday season.
...
DISC DESERT INSTITUTE FOR SPINE CARE

What you need to know about spine health

With 540 million people suffering from lower back pain, it remains the leading cause of long-term disability. That’s why World Spine Day on Oct. 16 will raise awareness about spinal health with its theme, BACK2BACK. “BACK2BACK will focus on highlighting ways in which people can help their spines by staying mobile, avoiding physical inactivity, not overloading […]
Southbridge II property in Old Town Scottsdale sells for $38M