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Chateau on Central in Phoenix open for homebuyersby Emily Gersema - Dec. 29, 2010 09:52 AM
The Arizona Republic The brownstone development, Chateau on Central, at Palm Lane and Central Avenue this month opened to buyers again after months of construction led by the developer, MSI West Investments. See photos MSI West Investments bought the property this year for $7 million after efforts to sort out the bankruptcy of Mortgages Ltd. Information: Joe Morales, 602-399-5626 or visit chateauoncentral.com Luxury homes The 21 homes in this development are three stories and include a basement or wine cellar. They also include high-end amenities such as granite countertops, elevators and terraces. Price point Most homes include about 5,200 square feet of space, but one home has up to 8,200 square feet. These luxury homes were originally priced at more than $2.8 million, but since MSI West Investments bought and has worked on finishing the homes, the price has been slashed in half to about $1.4 million. Home business The homes, which are near the Phoenix Art Museum and Heard Museum, are made for mixed-use. This designation allows owners to operate offices or businesses in the homes. Read more: http://www.azcentral.com/community/p...#ixzz19WncCdIk |
$1.4 million is still too high, especially when you can buy a lot of house in Phoenix for far less than that right now.
The median price of single-family homes in Phoenix has dropped to $112,000, and for condos it is $79,000. This means if you bumped your price point up to, say, $200,000 to $300,000, you could get a really nice place in central Phoenix fairly close to downtown, and not be 25 miles from anywhere. In fact, you could buy a pretty nice place in San Diego or Los Angeles for half of that right now. --don |
Luxury high density living is still a hard sell in the core Phoenix area.
One Lexington for example is still trying to unload its biggest penthouse (they are building out the other couple right now). At $900k, and 2900 SF, it is one heck of a deal. I don't think downtown can support many units over $500k and think Cheateux should of looked at breaking each building into smaller units. On the otherhand, the cheaper (150k-250k) one and two bed room places are getting snatched up quickly. |
Where I am right now it is still 700k+ for a small home.
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Hance's only chance for success is to flatten that building and create a new main focal entry to the park. Additionally since you can't add much weight to the deck part of the park, it would be one of the few places you could actually add structures like a bike/transit center, coffee shops, eateries, etc. Of course I've told numerous people in the parks department and the new Hance Park conservancy this, but of course they won't listen. In brighter news... Quote:
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The building sucks, but it still stands, and you can't say that for any proposed space in the biomedical core over there which wouldn't be as optimal for their clientele. I would rather see an existing human services foundation fill it up for the time being. Quote:
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The last thing Hance needs is more low income, sickly people loitering about frightening off other people. Magellan Health Services is thankfully gone, so that'll help a bit I hope. Hance Park has become Phoenix's 2nd skid row (after the Human/Health Serivces campus- and at least that makes sense) and businesses that cater to the low income, sickly, etc. aren't going to help change that. Quote:
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I hope I don't come across like a prickly ass, but I've seen both the City and the Hance Park Conservancies initial plans/ideas to spruce up the park and they're so far off its ridiculous. They're not thinking nearly big enough to save that Park which has a lot going against it. |
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I wonder if people are more opposed to getting a shitty slightly taller office building versus a slightly taller building in general. :/ |
Back in PHX
Back in town for vacation.
Drove into town on the 10 from Calli. Daaaaaamn, our skyline is looking good. I think Phoenix has finally reached critical mass, when the economy picks up again Phoenix is poised to blossom into a "real" city at last. Businesses downtown are in survival mode but all the owners I've met are scheming to get back on top and buisness is starting to move again - no waiting for the bloody stimulous money to magically work. Man, I love this place. |
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Going to Chicago for the first time tomorrow. Probably going to be cold as a mother but will get to see how it compares to Phoenix. Be back Sunday so it will be a short but hopefully fun trip. |
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Currently it's 48 in Chicago and 41 in Phoenix. Tomorrow's high for Chicago is 53 while Phoenix will be 50. Saturday is a whole other story though...29 for the high in Chicago and 16 for the low, good luck with that. :D |
Phoenix needs a good old studio aparmtent highrise. I relly wanna live in downtown phoenix, but in an affordable studio apartment
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The Westin sign has been put up on the Freeport McMoRan building.
http://i52.tinypic.com/2582byc.jpg |
What is the deal with downtown Phoenix!? (skyline & amusment park)
I'm going to just get straight to my point. Phoenix, Arizona has a rather short stretched out skyline that is..O-K. And for being the 5th biggest city in the U.S. And a poppulaion of well over 2 million, their skyline isnt keeping up. :shrug:
Now along with that, downtown phoenix has a HUGE number of empty lots. Phoenix should add more to their skyline by building affordable medieum wealth highrise apartments or studio apartments. Also building something to attract tourists and entertain people living in Phoenix like AN AMUSMENT PARK!!! :D :) :D :yes: Phoenix really does need an amusment and/or water park. It would attract more tourists resulting in more buisness for hotels, car rentals, the airport, and public transportation! Imagine how awesome it would be to have a Amusment Park/Water park in downtown Phoenix! Theres a really big lot just south of downtown. It would also make the ASU students living downtown very happy imsure, and coming from a 15 year old trust me. Everyone would want to go to this park as long as it has decent thrill rides, rollercoasters, and a classic big old ferris wheel! :) Needing a amusment park is just one problem, but as said before so is the skyline of Pheonix. Its a little bit under O-K right now, and i love this city i love it alot but i just think it could use more 30-50 storie buildings. Its sad how alot of beautiful projects have been cancelled, click here to see the cancelled ones. :( http://forum.skyscraperpage.com/showthread.php?t=74733 Phoenix needs to start building up instead of building out. :yes: |
Vicelord???
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Ever played Sim City? You dont put your zoo or amusement park downtown.
You're 15 so I'll try not to verbally abuse you. |
So all that's missing is the London Eye? Why didn't I ever think of that?
Somebody needs to do a photoshop... |
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