New Luxury Condos Coming To Scottsdale In 2024

Scottsdale will soon be home to a new luxury condo mixed-use development.

On Tuesday, a groundbreaking ceremony was held for Portico 112 condominiums homes located at One Scottsdale, northeast of Scottsdale Road and the Loop 101, opening in the summer of 2024.

Belgravia Group will oversee development of the project, with Cambridge Properties as the sales brokerage.

The homes within the development consist of two-, three- and four-bedrooms up to 2,768-square-foot homes, along with private terraces. Reportedly, nearly half of the condo homes have already sold, with prices ranging between $900,000 and $2 million. Portico will be within a gated community.

“With construction underway, our buyers will soon work one-on-one with our in-house design team to personalize their home from an extensive catalog of fixtures and materials,” Jonathan McCulloch, CEO of Belgravia Group, said in the release.

Other development amenities will include a clubhouse, state of the art fitness center and outdoor pool.

“We’re delighted by the response to Portico, which has exceeded our expectations,” McCulloch said.

“To have a project nearly half sold prior to breaking ground speaks to the desirability of our location, quality of product, and the overall strength of the Scottsdale market.”

Portico will be part of DMB’s One Scottsdale masterplan development, which include sup to 2.8 million square feet of retail and office space, 2,000 residential units and also 400 hotel rooms.