City land swap near SkySong would allow for apartments

Scottsdale will consider a small-parcel land swap east of SkySong that would allow Mark-Taylor Inc. to develop apartments on a city-owned site. The Scottsdale City Council voted unanimously Tuesday to negotiate with the Scottsdale-based apartment developer on an exchange of adjacent sites along 74th Street south of McDowell Road. Scottsdale sought development proposals last year for a 3.7-acre city-owned site just south of the closed Los Arcos Crossing shopping center on 74th Street. That property would be offered to Mark-Taylor. Mark-Taylor would offer the city 2.5 acres on the southeastern corner of 74th Street and McDowell. The company has a sale agreement pending with ML Manager LLC to buy the 14.29-acre Los Arcos Crossing property for $6.4 million, according to ML Manager's portfolio newsletter. The 2.5 acres is part of that site. "The city thought it would be to our advantage to acquire land with frontage on (McDowell) that could be sold later for retail development," said Christine Sheehy, who handles special projects in the city's Community and Economic Development Department.

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