One Scottsdale is a roughly 120-acre mixed-use project at Loop 101 and Scottsdale Road. The Phoenix Business Journal reported on October 27, 2026 that only 19 acres of developable land remain. The most significant piece coming is a 157-room, five-story hotel on just 1.74 acres. After years of construction, the finish line is now in sight.
If you live near Scottsdale Road and Loop 101, here’s what the final buildout means for you
You’ve watched cranes work this corridor for years. The question most neighbors ask now isn’t whether One Scottsdale will keep growing. It’s what the last phase looks like and how much more traffic comes with it.
The short answer: a hotel and denser residential are what’s left. That matters for your daily drive. A 157-room hotel generates steady visitor traffic. That’s more predictable than a large office campus full of commuters arriving at 8 a.m. and leaving at 5 p.m.
For homeowners near Grayhawk, the picture is more specific. A site plan for the 22-acre Planning Unit III names Grayhawk as the eastern boundary. It sits between Thompson Peak Parkway to the north, Scottsdale Road to the west, and Legacy Boulevard to the south. The plan proposed two office buildings: one three-story at 180,000 square feet and one four-story at 210,000 square feet. It also included two parking garages with a combined 2,100-car capacity.
As the project matures, the dining and retail already open here should stabilize and draw more foot traffic. A maturing master-planned corridor typically supports nearby home values, though no single project is a guarantee.
What is One Scottsdale — and who built it?
One Scottsdale sits at the intersection of Loop 101 (the Pima Freeway) and Scottsdale Road in North Scottsdale. The master developer is DMB Associates, Inc., a Scottsdale-based firm. It was founded in 1984 by Drew Brown, Mark Sklar, and Bennett Dorrance. The company name comes from the first initial of each founder’s last name.
DMB is not a small or unknown operator. The firm’s portfolio includes DC Ranch (8,300 acres), Verrado, Marley Park, Eastmark, Silverleaf, and One Scottsdale. If you’ve lived in the Valley for a while, you’ve likely heard of DC Ranch. That’s the same developer running this project.
A rendering shows One Scottsdale’s mixed-use plaza with retail, dining, and a curved multi-story building — part of the project’s commercial vision. (DMB Associates, Inc.)
The original vision, and how it has shifted
In 2019, city filings showed One Scottsdale could reach 1.8 million square feet of office and retail space at full buildout. The same filings projected 400 hotel rooms and 1,100 residential units. That same year, DMB filed site plans for a 123-room Home2 Suites by Hilton near Legacy Boulevard. Those plans also included 420,000 square feet of phased office space and 38,300 square feet of retail on 21.6 acres.
Then the plan changed significantly. On June 9, 2021, the Scottsdale City Council voted unanimously to approve a revised plan. It removed nearly 1.4 million square feet of commercial space. It added 350 condominiums along Scottsdale Road. The council also allowed for a possible third hotel with up to 113 rooms.
By late 2023, the buildout figure had been updated again. One Scottsdale’s projected endpoint shifted to roughly 1,250 multifamily units and more than 1.5 million square feet of commercial uses, still targeting about 400 hotel rooms. DMB was still seeking a resort developer and additional commercial buyers for remaining land at that time.
Then in June 2026, the Scottsdale Planning Commission unanimously approved another request for more condos and less commercial development. At that hearing, DMB’s representative reported that 200 condos and 1,304 apartments had been built or were under construction across the site. Zoning attorney John Berry stated that future condos approved in that rezoning request will average 2,200 square feet of livable space.
A rendering of Portico, the luxury condominium project by Belgravia Group Ltd. within One Scottsdale, which was over 70% sold out as of September 2023 with a second phase of 96 condos in process. (DMB Associates, Inc.)
The two-part construction map: north and south of Legacy Boulevard
The active buildout spans two distinct zones. To the north, a 21-acre section runs between Thompson Peak Parkway and Legacy Boulevard. It is anchored by a Hilton Home2 Suites hotel, plus retail, dining, and medical offices. By 2022, construction was underway across 75 acres just north of Loop 101.
South of Legacy Boulevard, DMB had 54 additional acres planned as of 2022. That southern section is where much of the remaining density is expected to land.
As of October 2023, the broader 120-acre project had four multifamily developments under construction. A medical office building and a restaurant and retail building were also under construction. More than 1,000 units were underway across the site at that time.
A rendering of resort-style amenities planned within the One Scottsdale development, set against a dry mountain backdrop typical of North Scottsdale. (DMB Associates, Inc.)
What fills the final 19 acres
The Phoenix Business Journal reported on October 27, 2026 that One Scottsdale has 19 acres of developable land remaining. The most defined piece is a 157-room, five-story hotel on 1.74 acres. That is a dense footprint — a full-service hotel on less than two acres.
As of September 2023, roughly 40 acres were still available. At that time, the only for-sale housing product was Portico, a luxury condominium project by Belgravia Group Ltd. priced at a combined $100 million. It was more than 70 percent sold out. A second phase of 96 additional Portico condos was in process.
The pattern across this project’s life is clear. Commercial acreage keeps shrinking. Residential density keeps rising. The June 2026 Planning Commission vote was just the latest chapter in that shift.
A rendering of Portico condos at One Scottsdale, showing the courtyard pool and lounge areas planned for residents. (DMB Associates, Inc.)
The 157-room hotel and what comes after it
The October 27, 2026 Phoenix Business Journal report is the most current public data on One Scottsdale’s remaining buildout. The 157-room hotel accounts for 1.74 of the 19 remaining acres. The rest will carry final residential and any additional commercial pieces DMB can sell or develop.
DMB has not announced a construction timeline for the hotel. The firm was still working to attract a resort developer and commercial buyers as recently as late 2023. The pace of the final phase depends on market demand and the partners DMB lands.
What is not in question: One Scottsdale is closer to done than it has ever been. For neighbors, buyers, and anyone tracking North Scottsdale development, the site that defined this corridor for nearly a decade is in its final chapter.
