Developer seeking state land for 2 Scottsdale auto lots

A developer hopes to acquire more than 29 acres of state trust land for two car dealerships on Scottsdale Road just south of Loop 101. Diversified Partners of Scottsdale submitted preliminary plans to the city last week for two car lots, with one dealership housed in a 90,000-square-foot, two-story building. A second building is not mentioned in the plans. The 29.37-acre site southeast of Scottsdale Road and Union Hills Drive is scheduled to be sold at auction at 10:30 a.m. May 15 at the Arizona State Land Department. The minimum bid is $10.2 million, or $348,051 per acre. Walt Brown Jr., Diversified Partners CEO, said he expects other bidders for the state land. "We have been talking to banks, talking to hotels that want to be there," Brown said. "We are trying to work our way through it." No specific car brand has been identified for the development, he said. But Diversified's plans submitted to the city include architectural drawings labeled Lexus Scottsdale.

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