By Ron Davis | Phoenix Business Journal
A mixed-use project in the middle of a busy commercial area of Scottsdale is set for consideration by the city.
CaliberCos Inc., a Scottsdale-based real estate investment and development company, is bringing a rezoning case that will be examined on June 20 by the city’s development review board* that could make way for a revamped project, known as Mercado Village. The 240,000-square-foot project would include 255 multifamily units, 13,142 square feet of coworking space and live-work units on-site.
*Motion to recommend approval of case 1-ZN-2024 to the Planning Commission and City Council passed 3-1. – Development Review Board Marked Agenda (June 20, 2024)
Mercado Village would be built on more than 6.6 acres home to a shuttered office building and a vacant parcel of land at 10299-10301 N. 92nd Street. The three-story residential building would wrap around an existing parking structure. The site is located east of Loop 101 and between HonorHealth Scottsdale Shea Medical Center campus and CVS Health Corp.’s office. The project is adjacent to a shopping center that’s anchored by Sprouts Farmers Market.
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