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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 in Scottsdale for $55 million with plans to create a “transformational and sustainable mixed-use campus” called The Parque. A site plan submitted to the City of Scottsdale proposes a 2 million-square-foot project that includes 1,200 residential units through multifamily housing, condominiums and workforce housing; 100,000 square feet for office space; 30K+ square feet for restaurants; 25K+ square feet for retail stores; 223 key five star hotel and 92.5K sq ft flexible space as well as an open air Central Park at its center which will be the focal point of The Parque development.

The team behind this ambitious project consists of George Kurtz himself along with David Megdal while Nelsen Partners has been tasked as its architect. It is estimated that this billion dollar investment into Scottsdale will bring immense economic growth opportunities in terms of jobs creation and other benefits associated with it such as increased tax revenues etc..

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