Here’s why developer sees Phoenix as next land of opportunity
By: AZ Big Media
Soon, Belgravia Group will share a home with many more of Chicago’s bests, including Cubs Spring Training, Portillo’s and Lou Malnati’s Pizza.
Our Chicago-based development group chose Phoenix for our very first out-of-market development — Portico, located at the 101 and Scottsdale Road in North Scottsdale. Portico will be a community of luxury condominiums, scheduled to open in 2023 with one-, two-, three- and four-bedroom options ranging from $540,000 to $1.7 million.
Belgravia Group’s chairman, Alan Lev, has frequented the Phoenix area for many years. It was an easy decision for us to expand our 70-plus-year-old firm to one of the fastest-growing metro areas in the country. It was a natural choice for Belgravia. Not only were we wowed by the beauty of Phoenix and the community that lives here, but we were also astounded by the growth potential, the luxury living market, and the number of Chicago transplants in the area.