Friday, November 28, 2014

Borgata condo project plans move ahead

Plans for an upscale condominium project on the old Borgata site in central Scottsdale are moving forward.

New York-based JEN Partners and Antera Development plan to start selling the 90 homes planned for the Enclave at Borgata, near the southwest corner of Scottsdale Road and Lincoln Drive, early next year.

Condos in the gated development will range from 1,500 to 4,100 square feet.

The Enclave is described as a condo project with a "soft design, resortlike amenities, breathtaking views, within walking distance to many convenient amenities."

Prices for the condos could start at $1 million or more, but the developers say price information won't be available until they file a public report with the Arizona Department of Real Estate during the first quarter of 2015.

Read more...http://azc.cc/1u8gPc0

Thursday, November 27, 2014

Downtown Scottsdale townhouse development under construction

Scottsdale is becoming a hotspot for new condominium and townhouse projects, with three launched in the city since late October. Construction started today on a 27-townhouse development called Aerium in downtown Scottsdale.

Prices for houses in the latest project, at Goldwater Boulevard and 70th Street, will start in the high $300,000s. Buyers can begin reserving lots for the townhouses, ranging in size from 1,414 to 1,830 square feet, on Nov. 15.

Plans call for the Aerium units to have multiple balconies, oak staircases, quartz countertops and Italian Bertazzoni gas ranges available in Ferrari and Lamborghini colors. The exterior of the development will include wood-grain porcelain tile and wire-cut brick.

Read more... http://azc.cc/1ukVcFw

Sunday, November 23, 2014

Luxury home sales slow in September

More owners of metro Phoenix's high-end houses are trying to sell, but there fewer buyers in the market for a house costing between $500,000 and $3 million.

The Valley's luxury housing market had been bucking the overall slowing trend until recently.

In September, 213 houses priced above $500,000 sold in east Phoenix and the northeast Valley. That's down 10 percent from August and down 7 percent from September 2013, according to the latest Luxury Market Summery published by Walt Danley and Arizona housing analyst Mike Orr's Cromford Report.

The report tracks luxury home sales in Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree, where most of metro Phoenix's more expensive neighborhoods are located.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2014/11/21/luxury-home-sales-slow-sept/19354333/

Sunday, November 9, 2014

Phoenix plans to get 'gung ho' on historic preservation

The David and Gladys Wright House and the State Fair Civic Building still stand because Phoenix historic preservationists refused to sit idly by and watch owners demolish history.

While those preservation efforts have prevailed so far, they have done so in a reactionary fashion and despite limited resources, said Michelle Dodds, Phoenix historic-preservation officer.

It is necessary to reposition the city's Historic Preservation Office as a more proactive force, Dodds said. City staff expects the office's first comprehensive plan, PreserveHistoricPHX, to accelerate that process. Dodds said she  wants to take the plan to the Planning Commission for initial approval on Tuesday, Nov. 18, then to the City Council on Jan. 21.

Read more....http://azc.cc/1u3Bdee

Sunday, November 2, 2014

Upscale condos to open in north Scottsdale's Silverleaf

A $350 million luxury condominium project, complete with a robotic valet and private elevators, is under way in what has become Arizona's poshest neighborhood, Silverleaf in north Scottsdale.

Sales will start in November for 213 units priced at $1 million and higher in the Sterling at Silverleaf development. Sterling at Silverleaf is located in DC Ranch at Pima Road and Thompson Peak Parkway. Construction is scheduled to start early next year, so the first residents can move in during 2016.

Read more...  http://www.azcentral.com/story/money/real-estate/catherine-reagor/2014/10/27/upscale-condos-open-north-scottsdales-silverleaf/18038837/

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