Diversified Closes on Scottsdale Lakefront Site

Diversified Partners closed on a landmark Scottsdale waterfront property that will become The Lakefront at Scottsdale, a mixed-use redevelopment. Diversified Partners purchased the site from Forever Living Products for $25 million.

Located just east of Scottsdale Road off McCormick Parkway, the approximately 100,000-square-foot property will be redeveloped in phases into a destination featuring restaurant, retail and office space.

Originally developed in 1978 The Lakefront at Scottsdale will feature :

• Restaurants with outdoor dining overlooking the lake
• Retail concepts
• Luxury wellness and lifestyle tenants
• Class A office space with waterfront views

Additional waterfront features include a small marina with Duffy boat rentals.

Construction for The Lakefront will occur in two phases, beginning with demolition and renovation work focused on activating the site’s restaurant and retail environment.

Construction is expected to begin in the third quarter of 2026, with the second phase anticipated to begin in early 2027 and continue the redevelopment of the remaining retail and office components.