Developers Broke Ground on Lakefront at Scottsdale
The project will convert a 100,000-square-foot office building into a mixed-use site featuring retail and dining.
Updated on Sept. 25, 2026 in Openings & Closings
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Developers officially broke ground on the Lakefront at Scottsdale project, which will transform a 1978 office building into a vibrant destination. The site will house a variety of new office, retail, and restaurant spaces for the public.
Why it matters
The redevelopment aims to convert a previously private corporate site into an accessible, mixed-use hub for the community. It represents a significant shift for the aging facility at the intersection of Scottsdale Road and McCormick Parkway.
The redevelopment encompasses a 100,000-square-foot facility originally constructed in 1978. Three initial restaurant tenants have been confirmed for the site as of the groundbreaking.
The players
Diversified Partners
This real estate development and brokerage firm is spearheading the transformation of the Lakefront at Scottsdale project.
La La Land Kind Cafe
This restaurant is one of the confirmed tenants slated to open at the redeveloped site.
V Modern Italian
This establishment is a confirmed restaurant tenant for the upcoming Lakefront at Scottsdale development.
Sushisamba
This restaurant has been confirmed as a tenant for the new office and retail project.
The details
Diversified Partners is leading the transformation of the corporate office property into a modern mixed-use destination at McCormick Ranch. The developer is currently coordinating design plans with local residents and the homeowners association to ensure the new space integrates with the surrounding neighborhood.
Timeline
The original building was constructed at McCormick Ranch in 1978.
A groundbreaking ceremony and partial demolition occurred on September 24, 2026.
The first restaurants are currently expected to open by November 1, 2027.
Market Landscape
This project mirrors the broader commercial real estate trend of repurposing aging corporate office parks into mixed-use destinations. By diversifying the site usage, the developer aims to reposition the property against competing commercial hubs in the region.
Residents can anticipate a shift in neighborhood access as a previously private corporate site transitions into a public-facing retail and dining destination. Local shoppers should expect the new restaurant offerings to begin arriving by late 2027.
The takeaway
This project highlights the evolving utility of mid-century corporate properties in high-demand urban areas. Local stakeholders should monitor future design updates as developers finalize plans with the neighborhood association.
Further reading
For more information on local business activity, visit Openings & Closings.
Source note: This article includes information reported by abc15 Arizona.
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