Located in the heart of Scottsdale’s vibrant downtown, the USD $300 million Scottsdale Waterfront was the culmination of a complete redesign and refinancing of a difficult project that had stymied developers for over 20 years. A Henna principal led the wholesale makeover of the property’s plan, entitlements, and community image, all while negotiating a financial and management restructuring with the project’s partners.

The Waterfront, still owned in part by Starwood Capital Group, is a testament to Henna’s ability to fashion sources of value that were believed to be nonexistent. Utilizing strong community relationships and consultants, a one-of-a-kind zoning entitlement was secured that permitted the tallest buildings in the city to be constructed. Now well into construction, when complete, the four-phase project will include approximately 200 luxury condominium residences, a boutique hotel, and 200,000 square feet of retail shops, restaurants, and office-condominium space, all oriented along the historic Arizona Canal.