Spanish developer Adlanto has unveiled its first project in the United States, collaborating with Arizona’s Plaza Cos. on a high-end condominium complex in Scottsdale as part of its entry into the cutthroat American market. According to information provided by ABC15, Adlanto, a seasoned developer with more than 3,500 residential units under their belt worldwide, intends to build The Goldwater Residences, a $50 million, 40-unit building with ground-floor retail spaces.
This upscale development near the intersection of Goldwater Boulevard and 70th Street in Old Town Scottsdale will have two- to three-bedroom residences in addition to roughly 7,500 square feet set aside for business usage. Construction is anticipated to begin in early 2025 for the units, of which 25% have already been reserved in advance.According to the Business Journal, it was Sharon Harper, the chairperson and CEO of Plaza Cos., who stated that mutually beneficial and esteemed colleagues were crucial in fostering these collaborations, which frequently result from “great people and great connections.”
Plaza Companies will advise and oversee the design and construction of The Goldwater Residences for Adlanto North America, the developer of record. The project is a partnership of seasoned professionals in their respective domains, with Lightvox Studio serving as the architect, Ameris Construction as the general contractor, and Oriana Lehman Wood of Russ Lyon Sotheby’s International Realty serving as the broker.
Adlanto North America’s USA Manager, Alvaro Moreno, emphasized Scottsdale’s appeal as a place to buy residential real estate. According to The Business Journal, Moreno is adamant about the “opportunity to create a project that will be extremely attractive to those interested in luxury living, and avant-garde architecture in the heart of it all.” Scottsdale is considered to be one of the most desirable destinations in the United States.
The Goldwater Residences offers a number of upscale amenities to its residents, such as a terrace, an outdoor pool, a fully furnished fitness center, and a covered pet park. However, Adlanto’s arrival isn’t the only development contributing to Scottsdale’s rising luxury market; The Statesman Group’s impressive 4,000-square-foot residences and Optima Inc.’s billion-dollar luxury neighborhood are also noteworthy. The Goldwater Residences is set to become a popular address for people seeking the sun and refinement of Arizona, as Scottsdale quickly emerges as the Valley’s center for premium living.
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