Chicago-based Belgravia Group Ltd. plans to build new luxury condos after paying $13.2 million to DMB Associates Inc. for 4.57 acres at DMB’s 120-acre One Scottsdale mixed use development, according to Tempe-based Vizzda LLC.The transaction closed on Jan. 28 for the vacant land north of the northeast corner at Scottsdale Road and Loop 101 frontage roads, according to Vizzda.Plans call for building a $90 million condominium community called Atavia.Last March, Chicago-based Belgravia Group Ltd. sold out Portico, its first $100 million condominium community at One Scottsdale, and now is planning to build the 88-unit Atavia luxury condominium right across the street.With units priced from the mid $800,000s to $1.8 million, Atavia’s first phase is 66% reserved.Phoenix-based Cambridge Properties is taking the lead on sales efforts at Atavia, which was designed by KTGY.The 120-acre One Scottsdale mixed-use development will include 2.86 million square feet of space for commercial tenants, 2,000 residential units an …
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