The Mastro brothers have paid $4.4 million for the longtime Chart House property in Scottsdale, and they plan to replace the waterfront restaurant with a new 14,000-square-foot steakhouse called Legacy Prime Reserve. The site, known for decades for its sweeping views, sits near Scottsdale Road and McCormick Parkway and will offer a similar vantage point overlooking Camelback Mountain once construction wraps.
The deal and the planned restaurant were reported by bizjournals.com, which confirmed that the Mastro brothers acquired the former Chart House site for $4.4 million and that Prime Steak Concepts is the company behind the new restaurant. Jeffrey Mastro and Michael Mastro announced the project, which is being billed as a new flagship for the family's steakhouse portfolio, according to The Arizona Republic.
Prime Steak Concepts is owned by brothers Michael, Jeffrey and Dennis Mastro along with business partner Scott Troilo, per ktar.com. That same report notes the Mastro brothers were 2020 James Beard Award semifinalists in the outstanding restaurateur category, a credential that has followed the family as they've expanded their steakhouse footprint across the Valley.
A Scottsdale Landmark Set to Come Down
Chart House opened on the site in 1984 and was well known for its beautiful views, the same KTAR report states. The building will soon be razed to make way for Legacy Prime Reserve, according to scottsdale.com, though the outlet did not specify a demolition timeline beyond that the teardown is coming.
Jeffrey Mastro and Michael Mastro are also behind Steak 44, Ocean 44 and Dominick's Steakhouse, three of the concepts that have built the family's reputation in the Valley dining scene, The Arizona Republic reports. Those restaurants, along with Durant's Steakhouse, make up the broader Prime Steak Concepts portfolio that the company operates across the Valley of the Sun, according to the same scottsdale.com report cited above.
Conflicting Reports on the Opening Timeline
Exactly when Legacy Prime Reserve will open is unclear, with sources offering conflicting timelines. Scottsdale.com reports the Mastros plan for the restaurant to open in fall 2026, while a bizjournals.com rendering caption describes Legacy Prime Reserve as a new restaurant slated to open in Scottsdale in late 2027. The discrepancy between the two dates has not been resolved in the available reporting.
What is clear is that the project adds to a run of steakhouse investment in the Scottsdale market, with Arizona's steakhouse operators bringing another high-end restaurant to the Valley, as The Arizona Republic frames it. For now, diners who have long associated the Scottsdale Road corner near McCormick Parkway with Chart House's water views will eventually see that spot transformed into the Mastro family's newest project.
