SCOTTSDALE, ARIZONA (Dec. 5, 2010) – Sigma Contracting, Inc. today broke ground at iconic Papago Plaza in Scottsdale for up to 88,000 SF in new retail and office buildings and a 120,000 SF parking garage.
Sigma’s portion of the project is valued at $11 million to $16 million and will consist of the complete demolition of the original Papago Plaza, 1408 N. Scottsdale Road, that was constructed in the mid-1960s and renovated in the early 1980s.
The new project is being broken into three main phases: retail buildings plus a possible three-story office on one of the retail buildings and parking structure (Pivot Development and Sigma), hotel (PEG Development) and multifamily (Alliance Residential).
The three retail buildings total 21,000 SF, a grocery store will be 22,000 SF, planned office building 45,000 SF and parking garage 120,000 SF. This portion of the project totals approximately five acres of site work. Anticipated completion date is fall 2020. …