Breaking Ground

The Parque

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.

TMW IntelligenceVerified Oct 11, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
223
Keys
1182
Units
10
Floors
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Details

16001 N. Scottsdale Road, Scottsdale. 10 floors, 1182 residences and 223 hotel keys.

The story so far
Announced Nov 13, 2023Scottsdale City Council approved rezoning for the $1B The Parque on the former CrackerJax site, 5-2 vote
azbigmedia.com
Phase One approved Nov 20, 2025Scottsdale'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
Broke ground Jul 16, 2026 est.The Parque ($1B smart community, FalconEye/George Kurtz): CrackerJax demolished ~Aug 2025, infrastructure work underway. Proposing breaking-ground for review. 1,182 units + 223-key hotel + retail, up to 10 stories. 16001 N Scottsdale Rd.
ktar.com
Expected opening date TBD
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The outlook for The Parque

Timing, similar projects and market pressure, read from every development in our database.

The Scottsdale market 62 · Elevated supplyNorth Scottsdale 7-project pipeline · 5,411 residences and keys · peak Late ’27 Explore the market →
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About the project

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. 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.

Developer & design
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.