JV Teaming Up on Scottsdale Apartments

JV Teaming Up on Scottsdale Apartments
News| June 19, 2025| Mike Boyd
Phoenix & Southwest + Apartment Buildings

Legacy Partners (“Legacy”), with joint venture partner DWS, started construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale. 

The project is located north of Loop 101 and east of Scottsdale Road, at the northwest corner of Legacy Boulevard and Miller Road, in Scottsdale’s fastest-growing neighborhood.

Olea Scottsdale will consist of 325 garden-style homes and 108 townhomes. Thirty-eight total buildings are planned, 24 of which will be townhomes and 14 apartments. Promising a phased delivery, the townhomes will be completed in summer 2027, with the garden-style homes anticipated for fall 2027. KTGY is the architect for the project, and an affiliate of The Dinerstein Companies will be the general contractor and co-investor in the project.

The project’s location in the North Scottsdale submarket is among the fastest-growing and highest-rent multifamily submarkets in the Phoenix MSA. Legacy has been developing in Arizona since the 1970s.

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