$139.5 Million Terra Verde Office Project

Construction has begun on a new office project west of Loop 101 on Bell Road in North Scottsdale. Developer Desert Troon Companies is building Terra Verde One, the first of three buildings planned for a site by the TPC Desert golf Course and adjacent to the Scottsdale Marriott hotel. The three-story office property will contain 180,000 square-feet of office space and will feature two levels of subterranean parking It is scheduled for completion in summer 2009. The project will total 480,000 square-feet of high-end office space when all three buildings are completed, with parking for 1,600 vehicles. Total cost of the project is $139.5 million. Terra Verde was designed by Butler Design Group and is being constructed by D.L. Withers Construction. Mike Beall and Tim Whittemore of Cushman & Wakefield of Arizona are leasing agents for the property.

Source: John McLean, Arizona Business Gazette

Comments

2 Responses to “$139.5 Million Terra Verde Office Project”

  1. Shawna (1 comments) on December 8th, 2007 3:50 pm:

    What will be the price per square foot be?

  2. Matt Pellerin (15 comments) on December 14th, 2007 1:52 pm:

    Hi Shawna,

    At this time no pricing is available for the Terra Verde office space. I’ll keep my eye on the project as it breaks ground and post again once pricing has been announced.