Scottsdale Condo Project

Scottsdale Condos. I stumbled upon this intersting article in by Peter Corbett about the Scottsdale Condo Project.

“The developer of the Solis Scottsdale hotel and condominiums downtown hopes to close escrow on a land swap this month with Salt River Project that would allow the project to get under way.

Mark Madkour, principal of Scottsdale Canal Development LLC, said the land exchange would clear the way for SRP to move an electrical substation at 73rd Street and Camelback Road to a site northeast of 68th Street and Indian School Road. He estimated it will take about 18 months to accomplish that and then construction could begin on the 72-foot Solis hotel.

“It’s taken longer than expected,” Madkour said, adding that his anxious investors “understand the nature of the market we’re in”.  Read full article in

I’m curios to see if the Scottsdale Condo Project takes off it might give condo buyers by Old Town Scottsdale and the Waterfront area more options.