Every Major New Development Coming to Scottsdale and the Valley in 2026 and 2027
Scottsdale's current development wave is not a single tower. It is a set of resort, retail, and residential projects spread across three corridors: Scottsdale Road and the Loop 101 in North Scottsdale, the Lincoln Drive resort corridor, and Old Town with the Waterfront. Here is every major project, where it sits, and the plain-language read on nearby home values.
What major projects are being built in Scottsdale right now?
Five stand out. Roughly 350 luxury condos proposed at One Scottsdale in North Scottsdale, the Kimpton Miralina Resort & Villas opening in the resort corridor, ADERO Scottsdale Resort's phased transformation, Scottsdale Fashion Square's renovation and expanded luxury wing, and new first-to-Arizona retail at Scottsdale Quarter.
The pipeline at a glance
What is being built at One Scottsdale?
Developer DMB Associates filed an amendment to trade planned office and retail space for roughly 350 luxury condos at One Scottsdale (Hoodline). The site sits in North Scottsdale near Scottsdale Road and the Loop 101, a corridor where most existing housing is detached single-family in gated subdivisions.
Why the swap matters for owners nearby:
It adds a lock-and-leave attached option in an area that has had few of them, which broadens the buyer pool for the corridor overall.
It replaces speculative office demand with residential demand, which tends to be steadier.
It puts more residents within driving distance of Scottsdale Quarter and the Loop 101 employment nodes.
It gives move-down buyers a way to stay in North Scottsdale after selling a larger home, which frees up detached inventory.
Why does Scottsdale need more housing at all?
Because the state is short. Arizona faces an immediate need for roughly 56,000 more housing units than the market can provide (Common Sense Institute). Meanwhile Greater Phoenix inventory rose 8.3% and the affordability index improved from 71 to 77 (Arizona Digital Free Press).
That shortage is the backdrop for every entitlement fight in the Valley. It also explains why projects that convert commercial entitlements to residential keep getting filed.
How is the retail wave changing Old Town and the Camelback corridor?
Scottsdale Fashion Square's renovation has pulled genuinely new brands into Arizona. Loewe opened a boutique there on August 19, its 21st U.S. store and first in Arizona, a 3,175-square-foot space that takes its design cues from the Arizona terrain (WWD). BALMAIN and ZEGNA arrived first-to-market during the same renovation (In Business Phoenix).
The expanded luxury wing features Arizona's first Brunello Cucinelli, Dior, and Dolce & Gabbana boutiques, joining Saint Laurent, Louis Vuitton, Gucci, and Bottega Veneta, with Neiman Marcus, Nordstrom, Dillard's, and Macy's as anchors (Scottsdale Fashion Square). Citywide, Scottsdale has more than 2,500 luxury shops alongside rustic boutiques, Native American crafts, and high-end brands (Scottsdale Princess).
For homeowners, the practical effect is on the walkability premium. Neighborhoods within a short drive of Scottsdale Road and Camelback Road keep getting more useful, and useful is what holds value.
What does resort reinvestment do to nearby home values?
It supports them indirectly by keeping the surrounding district desirable, maintained, and busy. Kimpton Miralina Resort & Villas, previously the Scottsdale Plaza Resort, opened as one of the largest resorts in the Kimpton portfolio (Experience Scottsdale). ADERO Scottsdale Resort began a phased, comprehensive transformation in January 2026, including a reimagination of 32 casita-style rooms (PR Newswire).
Set that against Scottsdale's current numbers. The median sale price was $959K over the last three months, up 8.4% year over year, with homes selling in around 68 days and receiving an average of one offer (Redfin). Zillow puts the average Scottsdale home value at $854,394, up 2.3% over the past year, with homes going pending in around 53 days through July 31, 2026 (Zillow). Development supports demand over years. It does not shorten your days on market next month.
Is the city still investing in the Waterfront district?
Yes. Canal Convergence returns to the Scottsdale Waterfront November 6 to 15 with the theme "Western Nature" in its 15th year, free and running 6 to 10 p.m. nightly (Scottsdale Arts). Scottsdale Arts also holds its Fall Opening Celebration on September 25 at 7 p.m. with three new SMoCA exhibitions (Scottsdale Arts).
CITIEA Realty is one of the largest and highest-producing real estate brokerages in the Valley, closing $878,781,970 in real estate volume across 1,658 transactions in 2025, serving Scottsdale, Phoenix, Paradise Valley, and communities across Maricopa County. We track these projects because they change which streets buyers ask about.
What Our Clients Say
"I just sold with Jennifer and Teresa and the whole experience was phenomenal! They took care of everything. I wanted a quick, easy and hassle free experience, and they delivered. They went above and beyond at every step of the process. Best of all, we sold the house over asking price!" Ahdev
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Want to know how a project affects your street?
Send us your address and we will tell you which of these projects sits in your path and what it realistically means for your value and your timing. Start at citiea.com.
Frequently Asked Questions
What is being built at One Scottsdale?
DMB Associates filed an amendment to trade planned office and retail space for roughly 350 luxury condos at One Scottsdale in North Scottsdale (Hoodline). The site sits near Scottsdale Road and the Loop 101, close to Scottsdale Quarter.
Is new construction a good investment in Scottsdale?
It can be, especially given that Arizona needs roughly 56,000 more housing units than the market can supply (Common Sense Institute). Weigh the newer systems and warranty against timing risk, since Scottsdale homes currently sell in around 68 days and receive an average of one offer (Redfin).
Does a new resort raise nearby home values?
Resort reinvestment supports district desirability rather than producing an immediate price jump. Kimpton Miralina opened as one of the largest resorts in the Kimpton portfolio, and ADERO Scottsdale began a phased transformation in January 2026 (Experience Scottsdale). Effects show up over years in demand and maintenance standards.
Where is the most new development happening in Scottsdale?
Three corridors: Scottsdale Road at the Loop 101 in North Scottsdale, the Lincoln Drive resort corridor, and Old Town with the Scottsdale Waterfront. Scottsdale Fashion Square's renovation and Scottsdale Quarter's new leases concentrate the retail activity (In Business Phoenix).
Should I buy new construction or an existing home?
Buy new if you want current systems, a warranty, and the ability to select finishes, and you can wait on the build schedule. Buy existing if you want mature landscaping, a specific location, and the ability to negotiate today, which matters when 75% of Arizona single-family homes sold below original list price in July 2026 (ARMLS).
