HOT. These are selling fast. Investors
welcome!
The dynamic transformation of Phoenix and the
tremendous growth of the greater metropolitan area are forever
altering the laws of attraction here in the Valley of the Sun. The
appeal of urban life is increasing with each passing day, while the
commute from the outer reaches of suburbia continues to grow longer
and more unpleasant than ever.
When complete, this two-phase
mixed-use project will have the following:
Two 36-story high-rise
condominium towers
Each tower contains 30 stories
of residences
Six stories of garage parking
One five-story loft-style
residential building located on top of ground level retail and
underground parking
Together, Cielo Phoenix’s three
buildings will encompass approximately 500 residential condominium
units that will be available for purchase.
The Towers
The high-rise condominium towers
at Cielo Phoenix will offer a distinctive mixture of residential
units.
Studio floorplans
One-bedroom floorplans
Two-bedroom floorplans
Three-bedroom floorplans
Specific residential unit details
include:
Ranging in size from 570 to
3,000 square feet
Each unit includes a spacious
balcony
The residences in the towers will
be arranged in matrices of nine, eight or six units per floor,
thereby accommodating residences of different sizes while also
achieving the towers’ signature “spiral” design.
The Lofts
The five-story loft building will
offer 25 loft-style residences
Cielo towers to reach for sky at 36
stories
by Catherine
Reagor
The Arizona Republic
(link
to article)
PHOENIX, Ariz.--November 12,
2006--There are a lot of high-rise condominium projects planned for
Phoenix's Central Avenue - so many that some have fallen off the
drawing board. But a new 36-story project looks like a go.
Cielo Phoenix will jut up along
Phoenix's skyline at Columbus Street and Central Avenue. The two
towers planned for the site will be among of the city's tallest.
Phoenix has already given the developers the nod to build that high.
And the condo project's developers have already snagged a well-known
buyer: Arizona Cardinals quarterback Matt Leinart.
Cielo's developers have a track
record for building what they say they will. Los Angeles-based
Milbank Real Estate and partner 4D Development are currently
building a 45-story high-rise on the Las Vegas Strip. They held a
pre-sales event for their Phoenix project on Thursday night.
Recently, plans for another condo
tower on Central Avenue were scrapped. Shea Commercial bought the
3030 N. Central Ave. building early this year with plans to turn it
into a residential tower. But it changed its mind and sold the
building to a Portland, Ore., firm in late October.
Construction of the first tower of
the 500-unit Cielo Phoenix project is expected to start next summer
and be completed in late 2008, right before light rail is completed.
The train line will run right in front of the condo towers.
Prices are supposed to range from
$300,000 to $2 million. No word yet on how much Leinart's new home
will cost.
Sale of
state land
It looks like the two proposals to
reform the Arizona State Land Department went down last week, though
some votes are still being tallied. The state agency isn't in limbo,
though.
A day after the election, it
announced plans to sell 1,011 acres in the Lost Dutchman Heights
project on Dec. 7. That land is part of the expansive Superstition
Vistas area in the far southeast Valley, the region for which
Arizona State University's Morrison Institute for Public Policy came
up with some grand development plans in April. For most of those
plans to be carried out, reform of the Land Department was
essential.
Home-listings confusion
The number of home listings, or
homes for sale, in last week's column - 53,509 - may have looked
high to some. That figure included homes that were for sale as well
as homes for sale that had an offer pending.
I used the bigger figure because
it's more comprehensive. The actual number of homes for sale on Nov.
1 that didn't have a sales contract pending was 46,989.
Desert Showcase
