By Ron Davis | Phoenix Business Journal
Artist rendering of Hazel & Azure project across from Scottsdale Fashion Square.
A development application that called for more than 500 luxury apartment units and more than 14,000 square feet of ground floor commercial space was approved by Scottsdale City Council on Sep. 20, 2022.
The council gave unanimous approval for a site plan, landscaping and building elevations for Hazel & Azure — a two-building mixed-use project being developed by ZOM Living — across from Scottsdale Fashion Square mall. It will touch both Scottsdale and Camelback roads and carry an address of 4605 N. Scottsdale Road.
In early 2021, Orlando, Florida-based ZOM Living announced that it was making its Arizona debut with a $500 million investment to build as many as 1,600 luxury apartment units in metro Phoenix. ZOM Living bought 33 acres out of bankruptcy proceedings in Phoenix and Scottsdale, paying $82 million for four parcels, including the 3.78-acre site across from Fashion Square.
The site is already fenced off on the corner and has been for the past 11 years. It previously received zoning entitlements for a mixed-use development plan in 2011 called BlueSky. The BlueSky project received approvals but flamed out before vertical construction started, according to the presentation at Tuesday night’s council.
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