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Billion-dollar CrackerJax redevelopment project gets first approval in Scottsdale

Condominiums, office space, restaurants, and much more are included in the plans
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SCOTTSDALE, AZ — The next billion-dollar development project in north Scottsdale took another step toward reality on Wednesday.

A rezoning for The Parque — a mixed-use development at the site of the former CrackerJax amusement park — was recommended for approval on Sept. 27 by the Scottsdale Planning Commission in a 6-0 vote.

Proposed for The Parque are more than 1,200 residential units including multifamily, condominiums and workforce housing; a 100,000-square-foot Class A office building; nearly 35,000 square feet for new restaurants; more than 25,000 square feet for additional retail; a 223-key, five-star branded hotel; and 92,500 square feet of flexible space. A hotel-branded condominium would be the tallest of the 12 possible buildings at The Parque at 119 feet.

Plans also call for a two-acre, open space "Central Park" in the middle of the development, which is described as a "focal point" of The Parque.

Read more of this story from the Business Journal.