Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Phoenix & Southwest  + Phoenix  + Apartments  | 
Portico North Scottsdale, Arizona

New, High-End Housing Project Announced for Scottsdale

Scottsdale is known as a relative “luxury” area of the country, not just Arizona. A supporting data point for that is that “Scottsdale’s housing expenses are 44% higher than the national average and the utility prices are 8% lower than the national average,” from

A new residential community may soon be underway, with Chicago-based Belgravia Group, Ltd. announcing its first project beyond Chicago with Portico – North Scottsdale, a residential community of 112 luxury condominiums in Scottsdale, Ariz., according to a news release.

Germane details from the release:

A key piece within the larger One Scottsdale masterplan development, Portico will include one-, two-, three- and four-bedroom condominiums with starting prices ranging from $540,000 to $1,420,000. The residences will be located within nine discreet buildings, each with only five floors, offering the type of intimate, boutique living experience Belgravia has become known for … .

The demand in the area for higher-end living space seems to support this project, as well as others

“We know demand exists in the Scottsdale market for the type of homes we develop – condominiums that live like maintenance-free single-family homes with gracious layouts, quality construction and upscale finishes,” said Jonathan McCulloch, co-CEO at Belgravia Group. 


Inside The Story

Belgravia Group

About Jason Middleton

  • Mark Ave Apartments

    Fallon, NVPhoenix & Southwest + 2-4 Units
    Listing Status:Available
    Listing Type:Call for offers
    No. of Units:4
    Cap Rate:4.49
    Average Occupancy:1000
    Year Built:1987
    Year Renovated:2023
    Building Size:3444 Sq ft
    Lot Size:0.18 Acres
    No. of Stories:1
    Zoning Code:R2
    Opportunity Zone:No
    Price per unit:$200,000
    Learn More
  • Riverside Suites

    Tucson, AZPhoenix & Southwest + Apartments
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:33
    Year Built:1968
    Building Size:28952 Sq ft
    Lot Size:2.37 Acres
    No. of Stories:1
    No. of Parking Spots:56
    Opportunity Zone:No
    Learn More
  • ◦Development
New call-to-action