Tag Archives: Scottsdale Real Estate

Scottsdale restaurant brings Italian concept to Collier Center in downtown Phoenix

Mancuso’s Restaurant – which has had Italian eateries in Kierland Commons and The Borgata in Scottsdale — is moving into the Collier Center development in downtown Phoenix.

Scottsdale restaurant Mancuso’s at the Collier Center will open this summer in an 8,700-square-foot space previously occupied by Kincaid’s. That business-oriented restaurant closed last year.

Scottsdale Restaurant Collier Center

Collier Center Downtown Phoenix

The location is located at Third and Washington streets in downtown Phoenix.

“The exciting growth of downtown Phoenix, with new businesses, new residents and visitors, plus increased activity at the Phoenix Convention Center, are all reasons now is the time to come downtown,” said Bobby Mancuso, president of Mancuso’s Restaurants, in a statement. “We are looking forward to bringing this vibrant part of the city our award-winning traditional Italian food, just as we did for 25 years at our former The Borgata of Scottsdale location.”

The Mancuso family has operated Italian restaurants in the Phoenix area for years. The Borgata location closed with the redevelopment of the retail complex into residential uses.

Another concept at Kierland Commons called Bobby’s Restaurant and Lounge had its last day on April 30 with the Mancuso’s moving onto a downtown concept.

Another new restaurant called The Park is also opening this summer at the Collier Center.

The Park is going into the former Stoudemire’s space. It is a food-truck food and craft beer concept and will include live music.

RED Development handles the leasing at the Collier Center.

RED also owns CityScape in downtown Phoenix and has brought popular restaurants and retailers into the Town & Country shopping center on Camelback Road and 20th Street.

Charles Skaggs, RED’s senior leasing broker at the Collier development, said the Mancuso’s and The Park are elevating the restaurant mix at the mixed-use development.

Phoenix Business Journal
May 3, 2016, 8:24am MST Updated: May 3, 2016, 8:28am MST

Just released – Phoenix has 6.0% appreciation over last year

The latest S&P/Case-Shiller® Home Price Index® numbers came out this morning, covering sales that closed between February 2016 and February 2016. The greater Phoenix metro area came in with 6.04% appreciation over that 12 month period. 

Case Shiller IndexThe Cromford Report comments – “The west coast continues to appreciate the fastest, with Denver also very strong. Phoenix is in the middle of this pack of 20, but beat the overall average for the USA. When we look at the month to month change we see:

  1. San Francisco 1.06%
  2. Seattle 1.06%
  3. Denver 0.94%
  4. Portland 0.75%
  5. Los Angeles 0.70%
  6. Tampa 0.59%
  7. Dallas 0.52%
  8. Atlanta 0.37%
  9. Charlotte 0.35%
  10. Phoenix 0.27% 
  11. Las Vegas 0.21%
  12. Detroit 0.10%
  13. Miami 0.08%
  14. San Diego 0.06%
  15. Boston -0.08%
  16. Washington DC -0.20%
  17. Chicago -0.31%
  18. Minneapolis -0.44%
  19. New York -0.47%
  20. Cleveland -0.60%”

If you’re ready to buy a home in Phoenix, Scottsdale or surrounding areas, contact me today for a no obligation consultation.