The Parque in Scottsdale
Breaking Ground

The Parque

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The story so far

The Parque is a roughly $1 billion mixed-use village on the 28-acre former CrackerJax site at 16001 N. Scottsdale Road in North Scottsdale, Arizona, a 10-story building with 1182 residences and 223 hotel keys.

Developed by FalconEye Ventures, the investment firm of CrowdStrike founder George Kurtz, and designed by Nelsen Partners, the master plan arranges 12 buildings of one to ten stories around a shaded central park. About 1,182 condominiums and apartments sit above street-level boutiques and restaurants, joined by a 223-room five-star hotel, tech-ready offices and roughly 250,000 square feet of dining and retail. The first phase pairs an 89-unit apartment building and a 70-residence condominium over shops with four freestanding restaurant pads, a plaza and paseo, and a landscaped park with an event lawn. Biophilic design, deep shade and walkable connections define the plan, turning a long-fenced parcel near Kierland into a live, work and play district for the Valley.

Expected opening date TBD
Broke ground Jul 2026 est.
ktar.com
Phase One approved Nov 20, 2025

Scottsdale's Development Review Board unanimously cleared The Parque's first phase, 159 homes (an 89-unit apartment building and a 70-unit condominium over shops) with four restaurant pads and a 2-acre central park.

scottsdale.org
Announced Nov 13, 2023

Scottsdale City Council approved rezoning for the $1B The Parque on the former CrackerJax site, 5-2 vote.

azbigmedia.com
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Nov 13, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open

The outlook for The Parque

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Companies and contacts

Every firm on The Parque, the office nearest it, and the people who work on it.

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Common questions

Frequently asked

Where is The Parque located?

The Parque is located in Scottsdale.

When will The Parque be completed?

The Parque is breaking ground.

Who is developing The Parque?

FalconEye Ventures is the developer behind The Parque.

Who designed The Parque?

The Parque was designed by Nelsen Partners.

How big is The Parque?

The Parque rises 10 stories with 1182 residences and 223 hotel keys.