Billionaire in Scottsdale Plans $1 Billion Mixed-Use Development

Billionaire in Scottsdale Plans $1 Billion Mixed-Use Development

George Kurtz, the founder of CrowdStrike, is used to thinking big. He recently acquired 28 acres of a shuttered amusement park in Scottsdale for $55 million with plans to create a “transformational, sustainable mixed-use campus” called The Parque. A site plan submitted to the City of Scottsdale in late May proposes a 2 million-square-foot project that includes more than 1,200 residential units through multifamily housing and condominiums; 100,000 square feet for an office building; 30k+ square feet for restaurants; 25k+ square feet for retail space; 223 key five star hotel and 92.5k flexible space area as well as 2 acre open Central Park at its center – described as the focal point of The Parque.

The development team consisting George Kurtz and David Megdal are expecting over $1 billion investment into this project while Nelsen Partners have been tasked with being its architect .

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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