The planned Scottsdale condo project would be a little east of Scottsdale Fashion Square Home.
The project will include 216 custom homes, ranging in size from 1,300 square feet to 2,744 square feet, plus 72 two-bedroom condos. Prices will range from $500,000 to just over $900,000.
The homes will be a variation on the traditional American row house, but with only three units per building rather than 20 or 30, said Jeff Jones, president of Urban Home Development.
Owners will also have private rooftop decks with room for hot tubs and outdoor kitchens, elevators and two-car garages underneath, Jones said.
Phoenix Real Estate Market
"I think the median Phoenix home price could quickly pop up to $144,000+ again. If not in the second half of this year, then certainly in the first half of 2012."Metro Phoenix median home price rose from $116,050 in August 2011 when the post was written to $153,500 in May 2012.
- John Wake, Arizona Real Estate Notebook, August 11, 2011
See full post - Phoenix foreclosures as percentage of homes sold continues to decline.