A closer look at one of North Phoenix’s most ambitious luxury condominium communities — and what it signals for the broader Desert Ridge submarket.
The Luxe at Desert Ridge is redefining what luxury condo living looks like in North Phoenix. At SVN | Desert Commercial Advisors, we spend our days tracking the projects that shape the Valley’s skyline. Every so often, a development comes along that’s worth pausing on. Not just for what it is, but for what it tells us about where Phoenix is headed. This is one of those projects.
Address: 5250 E. Deer Valley Dr., Phoenix, AZ
Developer & General Contractor: The Statesman Group
Groundbreaking: 2019
Projected Completion: 2029
Size: 565,729 square feet across six buildings
Unit Count: 223 condominiums upon completion
Unit Sizes: 1,600 to 4,000 square feet
Scottsdale-based Statesman Group broke ground on The Luxe in 2019. The goal was simple: bring a new tier of condominium living to North Phoenix. The road hasn’t been a straight line, though. Construction paused during the pandemic. Even so, the project has steadily advanced ever since. Residents have already moved into the first completed buildings, and additional phases are following close behind.
Location, Location, Location
The Luxe sits in the heart of Desert Ridge. It’s tucked beside the JW Marriott Phoenix Desert Ridge Resort & Spa’s Wildfire Golf Club, with views of the Jack Nicklaus and Nick Faldo–designed courses. It’s also a short walk from High Street, City North and Desert Ridge Marketplace. Together, these three destinations anchor the submarket’s retail and dining scene.
For anyone tracking North Phoenix real estate, this location is no accident. Desert Ridge has spent the last two decades transforming into one of the Valley’s premier live-work-play corridors. Strong retail performance, resort-caliber hospitality and consistent residential demand all anchor that growth. As a result, a project of this scale betting on that trajectory sends a clear signal about where developers see long-term value.
What Sets It Apart
Statesman Group has positioned The Luxe squarely in the luxury tier, and the details back it up:
- Expansive patios with unobstructed golf course and mountain views — among the largest private outdoor spaces of any condominium product in the Valley
- Nine floor plans ranging from two- to three-bedroom layouts, with the largest units approaching 4,000 square feet
- Resort-style amenities, including multiple heated pools, a clubhouse with an exhibition kitchen, a fitness center, a wine room and a private movie room
- Guard-gated access, a dedicated lifestyle director and underground parking with private storage
In short, this is the kind of amenity package typically associated with resort residential product, not a standard condo development. That’s exactly the market Statesman Group is chasing.ssociated with resort residential product rather than a standard condo development — which is exactly the market Statesman Group is chasing.
Why It Matters for CRE Decision-Makers
Projects like The Luxe don’t just add housing stock. They also reshape the surrounding commercial landscape. A community of this size, income profile and amenity level tends to pull retail, hospitality and service demand along with it. So, for owners, investors and tenants evaluating opportunities near Desert Ridge, this development is a data point worth watching:
- Retail and restaurant operators should note the purchasing power moving into the submarket
- Multifamily and build-to-rent investors can benchmark against a live example of what buyers will pay for premium finishes and location
- Owners of nearby commercial assets may see this as a tailwind for repositioning or lease-rate strategy
This is the kind of on-the-ground intelligence we bring to every client conversation. After all, understanding what a project means for the assets around it is just as important as the headline numbers. That’s core to how we advise.ersation with our clients. Understanding not just the headline numbers on a project, but what they mean for the assets around them, is core to how we advise.
The Statesman Group Track Record
Alana Mann founded and leads The Statesman Group, which has built a strong reputation in the Valley for high-end residential product. The Luxe represents one of its most significant undertakings to date. Total development costs are reported in the $145–185 million range across the project’s life. As the final buildings come online toward the back half of the decade, The Luxe will stand as a benchmark for luxury condominium development in North Phoenix.
The Bottom Line
Whether you’re an investor eyeing the Desert Ridge submarket, a business owner considering your next location, or simply a Phoenix real estate enthusiast, The Luxe at Desert Ridge is worth keeping on your radar. After all, developments of this caliber don’t just fill a skyline. They move markets.
If you’re weighing a decision near Desert Ridge, we’re happy to walk through what this means for you. Get in touch with SVN | Desert Commercial Advisors.
