Wolff Buys Plot Near Phoenix for Active Adult Development

SCOTTSDALE, Ariz. — The Wolff Company, a Scottsdale-based private equity firm and developer, has purchased property in its hometown for construction of an active adult community.

Revel Scottsdale will be located in an affluent area of the Phoenix suburbs, with many upscale local amenities nearby. Although the number of units were not disclosed, Wolff says it will base the design on its 146-unit community in Henderson, Nev.

Wolff cited the U.S. Census Bureau’s growth statistics for the Phoenix metro as its reason for selecting the site.