Last week, the Scottsdale City Council unanimously approved plans for the Museum Square development in Old Town Scottsdale. Per the press release, the council voted seven to zero to approve development and parking plans for Canada’s Macdonald Development Corp. to build a $300-million mixed-use project. Museum Square is poised to rejuvenate a 7.34-acre city parcel at Goldwater Boulevard near Marshall Way. Currently, the property is an abandoned transit station.
Museum Square plans include a new 190-room hotel, restaurants and residential units. The project is adjacent to the Museum of the West and is expected to generate $1 million annually in tax revenue for the city of Scottsdale.
“We would like to thank the Scottsdale City Council and the entire community for the overwhelming support for Museum Square. We worked with the city, residents and business to come up with a win-win deal that will pump new energy and economic activity into an important Old Town Scottsdale property. We are excited to move forward with the next chapters of this project,” says Rob Macdonald, owner, founder and president of Macdonald Development Corp, in a press release.
