DPC Development Company Gets Green Light to Build Mixed-Use Apartment Complex from the Scottsdale City Board

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Cosanti Commons
A conceptual rendering of Cosanti Commons, an apartment complex near Scottsdale Road and Shea Boulevard that just received approval from the Scottsdale Development Review Board.

The city of Scottsdale gave Denver-based DPC Development Company the go-ahead to build a 189-unit and 79,200 feet of existing commercial space apartment complex on roughly 8.5 acres at 7000 E. Shea Blvd. and to be known fully as Cosanti Commons,  previously known as Sundown Commons. DPC wanted to recognize famed Arizona artist Paoli Soleri with the project name and an art gallery on the site of its newest apartment community.

DPC Development Company is partnering with Trammell Crow subsidiary High Street Residential to develop the apartments. ESG is the architect, and the Sustainability Engineering Group is the civil engineer.

The existing retail center at the site has 33% vacancy.

DPC Development Company has developed projects like the mixed-use Scottsdale Entrada development and the Park at San Tan in Chandler. In May 2024, Chandler’s Planning and Zoning Commission approved the 327,776-square-foot Chandler Innovation Center. In March 2024, DPC sold the 350,000-square-foot, 25-story 3200 Central office tower to California-based Younan Properties in a $24.5 million deal.

DPC Development Company is a privately held, Colorado-based owner and developer of over 2.5 million square feet of commercial properties, comprised of office, retail and industrial buildings.

Founded in 1986, DPC Development Companies is a Colorado-based, privately held commercial real estate firm specializing in the acquisition and development of commercial real estate in Colorado and the West. By focusing on well-valued commercial properties with development and new construction in growing markets, DPC has prospered during up and down economic cycles. Today, we are actively engaged in a patient and disciplined search for new turn-around and development opportunities for commercial buildings. Our mission is to be one of the most responsible and well-respected commercial real estate investor/developers in the markets where we practice.

DPC is actively engaged in both acquisition and development opportunities in office, industrial, retail and mixed-use projects. DPC Companies, through its affiliates, continues to be one of the most active investor and developers in the region, and the scope of our activities continues to expand.