Scottsdale, Ariz. — FalconEye Ventures has acquired Scottsdale Quarter, a 755,000-square-foot mixed-use development located in Scottsdale, roughly 13 miles outside Phoenix. As part of the acquisition, FalconEye plans to implement a $100 million capital improvement program for the property. The program will focus on tenant curation, infrastructure enhancements and experiential retail concepts designed to differentiate the property. Implementation is scheduled to begin in late 2025, with phased execution designed to minimize operational disruption to existing tenants.
FalconEye has retained Vestar to be a strategic partner and oversee operations at the property.
Scottsdale Quarter features a mix of tenants including Apple, Restoration Hardware, lululemon, Jenni Kayne, Veronica Beard, Dominick’s Steakhouse and True Food Kitchen.