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Three Residential Lots South of Arcadia Lite Phoenix, AZ

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1.21 ACRES Offered at: $1,950,000 3622 N 38th Street | 0.83 Acres 3628 N 38th Street | 0.38 Acres Larry Heath | (602) 432 7525 lheath@cambridgeproperties.com

Keith Mishkin | (602) 788 1700 keith@cambridgeproperties.com


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Dream it. Live it. These two premier lots located within the Arcadia neighborhood are nearby downtown Scottsdale, Phoenix's prestigious Biltmore Financial District and along Camelback Employment corridor. The area is designed for residents seeking an active outdoor lifestyle coupled with the benefits of urban living. As one of the most desirable and centrally-located neighborhoods in the area, Arcadia properties are commanding a premium value between $2M and $20M, and are continuing to rise in accordance with their upscale neighbors (Scottsdale, Paradise Valley, and the Biltmore neighborhood). Capture this opportunity to build your dream home in a community built on style, comfort and convenience.


38 Be Inspired.


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38th Street Lots

3628 N 38th Street Total SF: 16,762 APN 127-24-001 Acreage:0.38

3622 N 38th St Total SF: 36,083 APN 127-24-009 Acreage: 0.83

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Zoning R-3

Utilities: APS Electric Southwest Gas

Water

Sewer

Trash

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City of Phoenix


Market. The Phoenix Metro Area is of one of the fastest growing job markets and economies in the country. Its focuses and strengths lie in high technology, manufacturing, healthcare, tourism, bioscience research and advanced business services. As the population grows (it’s expected to double in the next 20 years) to meet the demand for highly-skilled employees, so must the area.

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Phoenix and its suburbs like Arcadia are supremely positioned to meet the demands of the rapid population growth and have shown that they can do it with grace and style. The distinct and vibrant developments cater to a demanding and discerning population, and real estate is no exception. Developments like the 44th Street Corridor, Papago Park Center, Marina Heights, and Biltmore Financial District are just a few of the nearby employment hubs offering well-paying jobs to thousands of employees. Phoenix is expected to add 120k jobs over the next 2 years and the economy shows no signs of slowing.

WITHIN 7 MILE RADIUS OF 38 STREET LOTS: TOP INDUSTRIES: Health Care (63,000 jobs), Finance (55,000 jobs), Information Technology (22,500 jobs), Manufacturing (27,000 jobs), Warehouse / Distribution (19,400 jobs), Aerospace (9,400 jobs),


7 (8,500),

Sky Harbor Phoenix International Airport (10 min-

State Farm Insurance (6,700), State of Arizona

utes) is one of the 10 busiest airports in the coun-

(6,500), JPMorgan Chase Bank National Asso-

try. The airport served 43M passengers in 2017.

ciation (4,700), Dignity Health (4,600), U Haul

Addition of the 8th and final concourse at Terminal

(4,560), Bank of America (3,900), City of Phoenix

4 is expected to begin in May 2019 with construc-

(3,800), Maricopa County (3,700), Phoenix Chil-

tion completion slated for the first quarter of 2022.

drens Hospital (3,530), Carl T Hayden Va Medical

Project valued at $310M. Terminal 4 is the largest

Center (3,300), Apollo Group Inc (2,600), Wells

terminal at the airport and handles more than 80%

Fargo (2,500), SRP (2,400), Maricopa Integrated

of passenger traffic at the airport through 86 gates.

Health Systems (2,290), Charles Schwab Co Inc

The major tenants currently occupying Terminal 4

(2,100), American Airlines (1,750).

are Southwest Airlines and American Airlines.

TOP

EMPLOYERS:

Banner

Health


Gainey Ranch

51 Phoenix Mountains Preserve

Mccormick Ranch

Alhambra

Paradise Valley

Biltmore Fashion Square

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The Esplanade in Biltmore

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202 202

Downtown Phoenix Central City

Phoenix Sky Harbor International Airport

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SCOTTSDALE Old Town Scottsdale

PHOENIX

Sa

Scottsdale Fashion Square

Camelback East Village

Encanto Village

TEMPE 143

MESA

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87

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THIS

South Mountain IS Village A PREMIER

Dobson Ranch

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10 OWN A SLICE OF PARADISE IN ONE OPPORTUNITY FOR YOU TO Guadalupe

OF THE MOST UP-AND-COMING NEIGHBORHOODS IN THE PHOENIX METRO AREA.

Located near the upscale suburbs of Paradise Valley, the Biltmore area, Scottsdale and north Phoenix, Arcadia is nearby popular Camelback Mountain and the Arizona Canal Trail, and is making a name for itself with trendy boutiques, upscale restaurants and luxury real estate.

Arcadia

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Style & Feel. Once home to numerous citrus farmers and their groves, the Arcadia neighborhood is still full of historic citrus trees but now many of the orange, lemon and grapefruit trees are contained within the sprawling lawns of private homes. Citrus farmers ruled the area from the early 1920s to the mid-1950s, when Phoenix’s urban sprawl took hold. The neighborhood is bounded by Rockridge Road to the north, Lafayette Boulevard to the south, Scottsdale Road to the east, and 44th Street to the west.

In the 50s, Arcadia quickly became home to classic Arizona ranch-style homes and was a favored destination of prominent Mid-century modern architects including Frank Lloyd Wright, Al Beadle and Ralph Haver. Now, you’ll see a mix of ranch, revival, Pueblo-style, or some architectural blend.

Sure, over the years Arcadia has had to welcome its fair share of bland McMansions that often stick out like sore thumbs among the modern architecture but overall, Arcadia presents a nearly picture perfect sample of one Phoenix suburb’s 80-year transformation from an agricultural center to a thriving residential hub.


38 Highly Desired. Arcadia is frequently acclaimed as one of the area’s most desirable places to live because of its walkability, bikeability, and vibrant food and culture scene. From dog-friendly patios, to the finest of finest dining, some of the neighborhood's best restaurants are Steak 44, T Cook's, La Grande Orange Grocery (LGO), The Henry (Fox Restaurants Corporate Office), Chelsea’s Kitchen, Buck and Rider, Postino Wine Café, True Food Kitchen, and more. Arcadia has developed a unique and attractive personality that perfectly caters to its

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residents.


11 Wine & Dine. ARCADIA SEAMLESSLY FUSES UPSCALE WITH CONVENIENCE. WITHIN A ONE-MILE RADIUS OF 38TH STREET, YOU CAN FIND ALL OF THESE POPULAR AND DELECTABLE CULINARY DELIGHTS: • • • • • • • • • •

The Vig Arcadia Cold Beer & Cheeseburgers Doughbird The Porch White Cup Coffee Pizza on 40th Los Cerritos Mexican Food Rubio’s The Little Woody Pei Wei

• • • • • • • • • •

Zoes Kitchen Smashburger Uberrito Creamistry Einstein Bros. Bagels The Attic Ale House Shushi Brokers Wildflower Bread Company Nothing Bundt Cake MOD Pizza Pita Jungle

• • • • • • • • • •

The Whining Pig Arcadia Essence Bakery Café Pie Snob The Market Restaurant & Bar Ocean Poke Nook BoSa Donuts Beckets Table Zipps Sports Grill Chicago Hamburger


BIKE SCORE

74!

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Arcadia Bike Trail

A mere 1.7 miles from the 38th Street lots is access to the Arizona Canal Trail. At the trail entrance, turn right for downtown Scottsdale or left to head toward the Biltmore area. Or, take your family on a mellow and scenic 13.3 mile journey around the Arcadia neigborhood. For a trail map, click: bit.ly/2Fs2O6g


Biltmore

“ELEGANT DESERT DWELLING WITH A MIDWEST TOUCH.” A fitting description to describe a decidedly desert neighborhood with a little Midwest charm showing up in the lush green grass and huge shade trees. Arguably

one of Phoenix’s most acclaimed neighborhoods, the Biltmore area is an upscale

residential neighborhood and financial district, and its location, near the famous Arizona Biltmore Hotel, surely doesn’t hurt its appeal.

Home prices in the Biltmore neighborhood run the gamut depending on what you’re buying and where, exactly, you’re buying. The most grandiose homes can easily surpass $10M. You can also find fantastic homes--ideal for singles, couples and

families--ranging from $500,000 to $3M. Many of these homes are securely located within gated communities, or are nestled behind stately fences, which further creates a sense of privacy, safety, and exclusivity.

Nearby, you can expect to find any and all amenities you could want at the Camel-

back East Village Shops, the Camelback Esplanade, and Town & Country shopping area. Whether you’re craving a date night with some award-winning food, a morning stroll through stunning neighborhoods, a day full of retail therapy, a boisterous

night out for cocktails by the fireplace– the Biltmore is a destination, just minutes away.

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THE NEW YORK TIMES REFERRED TO THE BILTMORE NEIGHBORHOOD AS


Biltmore Fashion Square Residents of Arcadia are within a short drive to upscale shopping and dining at the Biltmore Fashion Park. Stores include independent boutiques, local retailers, as well as high-end department stores like Saks Fifth Avenue.

The Park is currently undergoing a transition from shopping mall to lifestyle center, which will attract fresh, new tenants and include luxury

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upgrades over the next two-to-three years. Current tenants include: Saks Fifth Avenue, Brooks Brothers, Macy’s, Arhaus, Elizabeth Arden Red Door Spa, Lululemon. Dining: The Capital Grill, Seasons 52, True Food Kitchen, Blanco Tacos, and 611,000 SF Life Time Fitness Inc.


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Active lifestyle. Downtown Scottsdale is five miles from 38th Street lots.

SCOTTSDALE BY THE NUMBERS: •

20+ Resort and Day Spas

75+ Resorts and Hotels

85+ Art Galleries, Museums and Performing Arts Venues

80+ Nightclubs, Bars and Lounges

100+ Permanent Collection of Scottsdale Public Art

200 Area Golf Courses

200+ Miles of Trails in Scottsdale’s McDowell Sonoran Preserve

800 Restaurants Citywide

2500 Boutiques, Shops and Malls

Scottsdale

16 WalletHub ranks Scottsdale No. 1 in nation for


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Scottsdale Fashion Square Scottsdale Fashion Square is perfecting its luxury offerings, embarking on a multi-year expansion and renovation project to elevate the customer experience by drawing more exclusive, first-to-market retail names to Arizona. Scottsdale Fashion Square generates more than $650 million in annual sales. The 1.9M SF mall is giving the luxury wing — which runs from Palm Court to Dillard's

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— a complete makeover from head to toe. Major new exclusive-to-market retailers announced in 2018 are: Saint Laurent, Apple, Trina Turk, Nobu, Ocean 44, Toca Madera, Farmhouse, and Zinqué.


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Refined Luxury PAMPERED LUXURY JUST MINUTES FROM YOU.

Not only is Arcadia home to stunning home architecture with Camelback Mountain as the backdrop, but it’s also bordered by some of Phoenix’s most luscious resorts and spas. Forget traveling distance to be pampered for the weekend, look no further than your back yard for a relaxing world-class experience at any one of these five fabulous resorts and spas.

ROYAL PALMS RESORT & SPA Celebrating its 70th anniversary last fall, the property has a dynamic history, beginning its story in 1929 as a private man-

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sion set on 65 acres. The property became a luxury resort post World War II and the Spanish Colonial-inspired design with Mediterranean touches and breathtaking landscapes are only a part of what attracts visitors today. In 2017, the resort completed a $3.7M renovation, updating features and offering modern comforts while preserving the rich historical character.

THE PHOENICIAN, A LUXURY COLLECTION RESORT Nestled at the base of Camelback Mountain, this property is your one-stop destination for all things golf, dining and spa. In 2018, the resort completed a $90M makeover in time for its 30 th anniversary, which included renovations to all rooms, the spa, pool, dining areas, and sport courts. J&G Steakhouse reopened in mid2018, offering a lighter, fresh look and an updated menu, and the Golf Club reopened in late 2018 after a renovation and now offers an 18-hole course that will challenge both expert and recreational golfers.


THE CAMBY HOTEL The former Ritz-Carlton Phoenix hotel at 24th Street and Camelback Road reopened as The Camby Hotel in late 2015. A luxury boutique 277-room property, The Camby puts guests in the heart of Phoenix’s renowned Biltmore neighborhood, a vibrant center of shopping, dining, entertainment and culture for guests who want to be a part of it all. Designed with a distinct yet refined Southwestern flair, the hotel offers a full-service spa, delicious dining options, luxurious guest rooms, plus city and mountain views.

AC HOTEL PHOENIX BILTMORE A recent addition to Phoenix’s luxury hotel scene, the AC opened in

is a design-centric, European lifestyle hotel brand from Marriott International. It is perfectly situated in the heart of the bustling Camelback Corridor, the premier office, retail, and entertainment destination in metropolitan Phoenix. Featuring contemporary art and architecture, the hotel will undoubtedly become a mainstay for regional and international business travelers.

ARIZONA BILTMORE Arguably one of Arizona’s most iconic hotels, famously designed by Frank Lloyd Wright and one of his students. The hotel opened in 1929 and through many owners and thoughtful renovations over the years (the latest in 2016), has arguably become more “Wrightian” than when it was originally built. The 740-room resort features everything you would come to expect from a hotel with this sort of history and lore - fabulous dining options, multiple pools and manicured grounds, the Biltmore Spa, unmistakable architecture and more.

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fall 2018. Located in the upscale Biltmore area, the 160-room hotel


Contact us to learn more about this exciting opportunity.

Larry Heath | (602) 432 7525 lheath@cambridgeproperties.com

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Keith Mishkin | (602) 788 1700 keith@cambridgeproperties.com

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38th Street Arcadia  

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