Wednesday , September 19 2018

GoDaddy founder plans new Scottsdale retail hub

GoDaddy founder Bob Parsons wishes to build a group of four shops and restaurants close to his Harley-Davidson motorcycle charter in north Scottsdale.

Godaddy-Bob-Parsons

GoDaddy founder Bob Parsons, a billionaire tycoon whose Phoenix-area projects include motorcycles, golf and real estate, plans to form a small dining and shopping hub in north Scottsdale, rendering to documents trailed with the city.

YAM Properties, the real estate support of Parsons’ business network, is suggesting a 17,800-square-foot project with four constructions for shops or restaurants at Hayden Road and North sight Boulevard, tactics show.

The complex, named YAM Circle, would swap the previous Harley-Davidson of Scottsdale construction on the west side of the juncture. The Harley showroom, also maintained by Parsons, moved to a nearby corner in 2015.

Parsons’ business filed official plans for YAM Circle on Jan. 10, and the project does not need a zoning alteration for the 2.8-acre site. City planners have not yet planned a Development Review Board vote for endorsement of architecture and remodeling.

The new building is still in the initial planning phase, and the business declined to share information on scheduling or prospective tenants. YAM Properties possesses and manages more than a dozen Valley retail hubs, with around 2.1 million square feet and 400 tenants, rendering to the business.

Yam Circle development tactics show space for about 7,400-square-foot restaurant, an 800-square-foot drive-thru , a 3,600-square-foot restaurant and a 6,000-square-foot retail building with space for up to 4 stores, rendering to city records.

The venture is the newest in a series of developments Parsons has chased in the Scottsdale Airpark, where GoDaddy upholds its company headquarters.

The new Harley-Davidson of Scottsdale franchise, which says to be the world’s biggest at about 150,000 square feet, unlocked in late 2015 and comprises a wedding chapel, tattoo studio, clothing store, lingerie boutique and movie theater spread through a two-story structure.

Parsons has two additional motorcycle dealings next door — GO AZ Motorcycles and Spooky Fast Customs — and started a video production studio in the zone last year.

A Scottsdale real estate expert last year endorsed Parsons’ asset in the Airpark for building impetus in the employment hub, which is currently home to more than 55,000 employees and 3,000 businesses.

Forbes magazine appraisals Parsons’ fortune at about $2.4 billion in 2017, up from about $2.1 billion last year. He sold a share of GoDaddy in 2011 but aids on the board of directors and rests its biggest single shareholder.

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