Downtown Tempe Lofts & Condos

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aloft Ready to Open on Tempe Town Lake

aloft in downtown Tempe AZ

aloft, Tempe’s newest hotel, will open on February 5th. The eco & tech friendly hotel offers 136 rooms and some hipster- style amenities.  aloft Hotels is a vision of the “W Hotel” brand and offers an alternative to the typical travel destination.  With its loft inspired design and free flowing energy, aloft lets guests customize their stay and celebrate their style.
The Tempe aloft is located on the North shore of Tempe Town Lake just off Rural Road and Playa Del Norte Drive, the cool new hotel will open just in time for the NBA All-star Game and the always popular Tempe spring events.  Based upon its location and contemporary style, there is little doubt that the W XYZ Bar will be all Abuzz!

Click here for more information on aloft Tempe
For more information on downtown Tempe lofts, condos and townhomes visit www.UrbanRealtyAZ.com We specialize in Tempe urban living!

0 commentsTom Tokoph • January 15 2009 03:10AM

Food Sojourning on the Metro Light Rail

Light rail food

Now that Metro light rail cars are sliding into stations all across the Valley, we know many city people who are anxious to sample the plethora of good eats next to or near the light rail stops.  Obviously, Mill Avenue in downtown Tempe has enough to keep foodies busy for years, (see Mill Avenue dining hot spots here) but a whole new world of deli’s, bistros, lounges, and ethnic restaurants are now available only moments away from the rail.  We did a little internet sleuthing and came across a fantastic article by Michele Laudig of the Phoenix New Times on the eateries along the light rail line. Here are excerpts from that article:

 

“...Near the 19th Avenue/Camelback station, fill up on cheap, homey Cuban food at Sabor Cubano Buffet (2030 W. Camelback), or indulge in budget-friendly Vietnamese eats at Da Vang (4538 N. 19th Ave.).

It's already quite the bustling intersection, but expect the Central Ave./Camelback stop to only get busier, thanks to the sheer variety of spots. There's classy, family-run Italian (Aiello's, 5202 N. Central, aiellositalianrestaurant.com), and a well-rounded restaurant that does it all, from morning 'til night (Maizie's, 4750 N. Central, maiziescafe.com). In the next couple of months, two more high-profile places are set to open in this 'hood, too: St. Francis Place (111 E. Camelback) and the second location of Postino Wine Cafe (5144 N. Central, postinowinecafe.com).

Further down Central (Indian School and Osborn stations)” "...where would we go for some fish and chips and a pint of Guinness (George & Dragon, 4240 N. Central, georgeanddragonpub.net) Or the best homemade mozzarella sandwich in town? (Pane Bianco, 4404 N. Central, pizzeriabianco.com)  Or a killer cocktail and some great Middle Eastern-inspired noshes (Fez, 3815 N. Central, fezoncentral.com) In the case of China Chili (302 E. Flower, chinachilirestaurant.com)”

“Near the Thomas and Central Avenue station, you can go fancy or casual. Swanky Durant's (2611 N. Central, durantsaz.com) features valet parking and top-notch steaks, while Wild Thaiger (2631 N. Central, wildthaiger.com) and Switch (2603 N. Central, switchofarizona.com) are more stylishly laid-back, with classic Thai eats at the former and a globetrotting assortment of salads, sandwiches, and shareable plates at the latter.

Heading to the Heard Museum? Your best bet — and frankly, your only bet — at the Encanto station is Arcadia Farms, tucked right into the museum (2301 N. Central, arcadiafarmscafe.com). Fuel up on a gourmet sandwich or salad before checking out the exhibitions. Or, if the Phoenix Art Museum is on your agenda, Arcadia Farms runs the in-house café there, too (1625 N. Central). Also around the McDowell station is Thai Hut (101 E. McDowell), with affordable noodles and curries in a diner setting, as well as Cheuv­ront Restaurant & Wine Bar (1326 N. Central, cheuvronts.com), where the menu of 40-plus cheeses is irresistible.

Hop off at the Roosevelt station to get to several restaurants just beyond the downtown fray. Carly's Bistro (128 E. Roosevelt, carlysbistro.com) is cozy and open late, serving sandwiches and salads, while two blocks over from famous Matt's Big Breakfast (801 N. First St., mattsbigbreakfast.com) is restaurateur Matt Pool's lesser-known hangout, The Roosevelt (816 N. Third St.). It's basically a bar, open only in the evening, but the menu is crave-able even when you're not in the mood for a beer.”

“Halfway between the Third Street and 12th Street stops along Jefferson, Mrs. White's Golden Rule Café (808 E. Jefferson) is a must-try for excellent fried catfish, fried chicken, cornbread, and other soul-satisfying dishes. And on the westbound side of the line, try Los Dos Molinos (1010 E. Washington, losdosmolinosaz.com), where the wait is never as bad as this New Mexican restaurant's south Central Ave. sister location.

Heading toward Tempe from there, the rail line passes through some long stretches of industrial and office parks, and the better options, such as the time-honored Stockyards (5009 E. Washington, stockyardsrestaurant.com), aren't in very pedestrian-friendly locations, despite their proximity to the rail...”

“...Some of the best ethnic cuisine in the Valley crops in along the eastern stretch of the light rail. The intersection of University and Rural offers scrumptious Ethiopian eats at Blue Nile (933 E. University), but if Middle Eastern food is what you're craving, ride to the next stop, at Dorsey and Apache Boulevard. Haji Baba (1513 E. Apache) is a cafe/market where you can gobble up cheap falafel before stocking up on Middle Eastern staples, while Tasty Kabob (1250 E. Apache, tastykabobaz.com) is a nicer sit-down place known for its appealing Persian menu. Khai Hoan's Vietnamese menu clearly doesn't fit in with the Middle Eastern mix, but it's a great stop for cheap pho in this part of town (1537 E. Apache).

The Dhaba (1876 E. Apache, the-dhaba.com) is the only reason to get off at McClintock/Apache Boulevard, although it's no ordinary Indian restaurant. Here, they serve casual chaat dishes (Indian truckstop snacks) that you won't find anywhere else in town...”

“Here, at the Sycamore/Main Street station, you can choose from excellent, authentic Chinese food (Asian Café Express, 1911 W. Main) or tasty Guatemalan cuisine (Grill El Quetzal, 1933 W. Main) on the east side of Dobson, or a plethora of Chinese and Vietnamese spots at the brand-new Mekong Plaza (66 S. Dobson, mekongplaza.com) right across the street...”

0 commentsTom Tokoph • January 06 2009 06:02PM

Metro Light Rail Observations From Downtown Tempe

Metro Light Rail Tempe Living

With child-like excitement, Urban Realty & Development watched this week as the Metro Light Rail slid open it’s car doors to the public for the very first time.  It was truly a momentous occasion for Arizona, but especially for Mesa, Downtown Phoenix, and Downtown Tempe.  After all of the train dust settles, the rail fees take effect, and the grand opening events are over, we will see what the lasting effects of the light rail will have on our downtown.  In the meantime, we thought we’d share some of our initial observations from the Downtown Tempe perspective.

The first item of significance was the general uptick in the pedestrian traffic on Mill Avenue.  The “main street” in downtown Tempe was truly transformed over the last week.  Of course, there were the ubiquitous young professionals and urban hipsters, but there were also the usually unseen groups of people like happy parents chasing their small children, groups of teenagers meandering about, and empty nesters and grandparents strolling the Avenue.  We saw lines formed outside a number of the local shops and we were told by some of the restauranteurs that business had definitely increased.  This remained true even on Friday, after the “free ride” days had come to an end.

Now, we are well aware that this next observation may be biased, so we will go ahead and concede that point right from the start.  However, after riding the majority of the 20 mile light rail route, we’ve come to the opinion that Downtown Tempe has the most exciting part of the light rail track-- by a mile!  Consider these features of the downtown Tempe section of the light rail route: the modern architectural detailing of the new Tempe Transit Center, the section of track that provides landscaped views of Tempe Butte (aka “A” Mountain), the immediate access to all that Mill Avenue has to offer from the Mill Avenue/3rd Street station, and finally, cruising over Tempe Town Lake on the multi-colored light bridge.  From our perspective, it is easy to see why Downtown Tempe’s section boasts the best part of the rail.  (Honorable mentions must be given to Phoenix for the 44th Street/Washington station that provides quick access to Sky Harbor airport as well as the 3rd Street and Washington/Jefferson stations that drop passengers off directly next to the professional sports stadiums in downtown Phoenix.  With the addition of the light rail running through the center of downtown Phoenix, it is now much easier to see the Phoenix developing into a truly revitalized downtown environment that any urbanite would enjoy.  Without the rail, it was much more difficult to see the evolution!)

Another observation was the amount of phone calls we’ve received from potential clients immediately following the light rail grand opening.  Their common request: “We want to live within walking distance of the light rail!”  Of course, as an urban real estate company we have always predicted this.  We just didn’t expect it to happen so quickly!  This is a fantastic indication of what the long term effects might be for both businesses and the loft condominium developments near the light rail stations.  Not only in downtown Tempe, but all along the light rail’s path.

Now that the tracks are hot, it is easy to see how the Metro light rail will become a major draw for all urban living enthusiasts in Arizona.

Contact Tom Tokoph | 602.549.9000 for more
Or click here for information on living near a light rail station in Downtown Tempe.

0 commentsTom Tokoph • January 04 2009 03:09AM

Metro Light Rail Grand Opening- As Viewed Through a Camera-Phone



We thought that Urban Realty’s first ride on the new light rail system this Saturday deserved to be filmed... even if only on a poor quality camera-phone! So, we filmed it, the video above was the result. ;-) Click the image above to see the movie.

After so many years of talking about and dreaming about the light rail, it was amazing to finally take the first ride. We boarded at the main Tempe Transit Center and headed West past Mill Avenue, crossed over the bridge at Tempe Town Lake, flew past Sky Harbor Airport, and stopped at the center of Downtown Phoenix. Only 25 minutes after we boarded the train we stepped off within view of the Diamondback’s Chase Field, the Phoenix Suns US Airways Center and the Phoenix Convention Center. We were particularly surprised by the large turn out of Phoenician’s so anxious to ride mass transit and so ready to cram into the busy light rail cars in true “New York Subway” style. Who would have thought that would ever happen in Arizona?

Congratulations Arizona on the new Metro light rail and for taking another giant step towards creating an authentic, urban living transportation option for Valley residents!

0 commentsTom Tokoph • December 29 2008 05:41PM

Metro Light Rail Ready to Open With a "Beep-Beep"

Metro Light Rail

After years of planning, millions of dollars spent, and much anticipation-- the 20 mile long “Metro” Light Rail Service begins today with celebratory grand opening parties all along the rail line.  The main celebration will be at the Downtown Tempe Transportation Center at Veterans Way and College Avenue, but there will be parties at various train depots including those located in Mesa and Phoenix.
Here is the calendar of events for the Tempe celebration:

9:30 - 10 am: Grand Opening Ceremony
10 am: Metro Free Rides begin
10 am - Noon: Chuck E Baby and the All Stars (pop/classic)
Noon - 2 pm: Ringo McLennonSon (Beatles cover band)
2 - 2:45 pm: Chris Parker Project, 1st set
3 - 3:45 pm: Chris Parker Project, 2nd set
4:15 - 5:30pm: Roger Clyne & the Peacemakers
5:30 pm: Fireworks

This is such an exciting time for Urban Realty and all Downtown urbanites!  We hope to see everyone at this event and riding the Metro for years to come!

HELPFUL LIGHT RAIL LINKS:
Click Here to find out all about Tempe’s Light Rail Party

Click Here to learn all about the Metro Light Rail Service
Click Here for all articles/videos/slideshows from AZ Republic
Click Here to find places to live/work/play on the Metro

0 commentsTom Tokoph • December 27 2008 04:13AM

Regions Bistro & Bar Coming to Mill Avenue & Six

Regions Bistro & Bar

While we don’t know a whole lot about this new restaurant concept slated to open on the Southwest corner of 6th Street and Mill Avenue in downtown Tempe just yet, we do know that it will be called “Regions bistro & bar” and that it’s forthcoming web site will be at www.RegionsBistro.com.  Currently, all one can do on their web site is apply for a job!
The “Regions” concept looks like another innovative and unique restaurant coming to the Mill Avenue District.  On the heels of the “La Bocca Urban Pizzeria & Wine Bar” opening, we are very hopeful that Regions Bistro will help continue the maturing of the culinary scene of Mill Avenue.  While the beer & chicken wings crowd definitely deserves a place in the downtown, we think there is also plenty of room for these new concepts too.  Maybe one day, when someone asks an Arizonian where they can get great food in a great atmosphere, the “Mill Avenue District” will be the answer!

Click Here for More Information on Downtown Tempe Restaurants and Bars

Tom Tokoph | 602.549.9000 | Urban Realty & Development

 

Regions bistro & bar corner of 6th & mill

 

 

 

1 commentTom Tokoph • December 22 2008 07:35PM

Entrepreneurs Wanted in Downtown Tempe!

Downtown Tempe Retail

 

“Hip and authentic downtown environment needs entrepreneurs, visionaries, restauranteurs, retailers, urban dwellers, creatives, and aggressive city leaders to reinvent its main street/city center. Ability to think outside the box a plus.”

Blame it on the economy.  Blame it on developers like DMB whose postponed “Centerpoint on Mill” re-development plan caused many Mill Avenue retailers and restaurants to go “dark”.  Or, here’s a popular one, blame it on “Tempe Marketplace”!  Whatever we want to blame it on, there is little doubt that Mill Avenue and downtown Tempe is in need of some new energy.

A few weeks ago, the Bamboo Club, a “not-popular-enough” Asian bistro closed it’s doors.  Today, with rumors already swirling, Borders Books & Music posted giant, yellow “store closing” signs.  This, on the heels of other recent closings-- Harkins Centerpoint Cinemas, Abercrombie & Fitch and Bath & Body Works.  Once Borders Books closes it’s doors, Mill Avenue will barely look the same to those who haven’t been around the block since last years Christmas time Fantasy of Lights.

So, what is the downtrodden urbanite to do?  Should we all just pack it up and move back to the stick, stucco and red tile roof suburbs?  We don’t think so... these urbanites prefer to look at the brighter side of things (we know that is a very unpopular stance to take nowadays, but hey, urbanites are usually counter culture anyway, right?).

Just take a gander at this list: Chronic Tacos, La Bocca Urban Pizzeria & Wine Bar, Fresh & Easy, Bliss Yogurt, Dunkin’ Donuts, Chipotle, and CVS Pharmacy.  These are all brand new stores and restaurants that have just recently opened or will soon be opening on Mill Avenue.  Couple that with the following list: Metro Light Rail, Tempe Center For the Arts, Tempe Town Lake+Beach Park & Boardwalk, the top ranking for Best Downtown in Arizona, Top ranking for Best place to work for small businesses, and Mill Avenue- which is the most authentic, urban experience bar none in Arizona.  Add all that up and what we have is an opportunity to re-invent downtown Tempe all over again.  Sure, we will miss the edamame at Bamboo, and the quick reads at Borders, but we are sure to love the new concepts that will take their places on Mill Avenue and are yet to be discovered.

So, all you entrepreneurs, visionaries, restauranteurs, and urbanites... what are you waiting for?  CREATE!  Mill Avenue is counting on you!

Click here to find out more about retail, office, and live/work opportunities on Mill Avenue and Downtown Tempe

0 commentsTom Tokoph • December 12 2008 08:13PM

Tempe Has Best Downtown for Small Biz!

Small businesses love Downtown Tempe and believe it has the best quality of life in Arizona-- this is according to a recent survey of 3,000 Arizona small businesses.  Although Urban Realty has been promoting the urban lifestyle for living and working for years, it is great to finally see it confirmed with hard statistics!

Read the complete article here
Find an office or retail space for your small business here

Read another article about working in downtown Tempe

Urban retail office work for business

0 commentsTom Tokoph • December 10 2008 07:43PM

Centerpoint Condos Makes Announcements

Urban Realty received the following letter from the owners/developers of the Centerpoint Condominiums development today.  We thought it was worth sharing:

“We are excited to notify you that Centerpoint’s 22-story residential tower may open as early as this Spring with the retail plaza level following this Summer!  We value our relationship with you, so we wanted to be sure to keep you informed of our significant milestones.  We are writing to update you on a new strategic direction that we have selected to take in order to move forward more expeditiously to open Centerpoint Condominiums.
 
As the tallest towers in Tempe’s Mill Avenue District, Centerpoint Condominiums changes the City’s skyline and augments Mill Avenue’s status as the most vibrant and vital urban main street in the Valley.  And the views, as you know, are incredible.  In partnership with Valley celebrity chef, Michael DeMaria, Centerpoint will feature a 180-seat contemporary Italian restaurant, Trattoria M, and accompanying market-caffé, Aroma.  Aroma will be a highly unique destination; offering artisan foods, locally grown, natural and organic whenever possible, in-house bakery, house made gelato, coffee barista, floral shop and a world-wide selection of cheeses and vintages.  Residents of Centerpoint will also enjoy their own private “backyard” at the approximately 23,000 square-foot 7th level Great Room complete with a white sand beach pool with cabanas, poolside food and beverage service and an upscale fitness center with a Yoga and Pilates studio, among many other offerings.  Centerpoint is likely the most innovative and exciting mixed-use destination to hit the Valley.
 
Our new plan, that we would like to share with you, has received overwhelming support from our homeowners and subcontractors as this sound business structure enables our homeowners to move into Tower One this Spring and the retail plaza level opened to the public by Summer.  This will create a tremendous new destination for Tempe’s Mill Avenue District and the greater metropolitan area.
 
To give you some background, Centerpoint has been under construction since 2005 and was proceeding successfully, having procured many pre-sale commitments for condominium homes, until late 2007 when lender Mortgages Ltd., Arizona’s largest private lender who filed Chapter 11 in U.S. Bankruptcy Court on June 23, began defaulting on its funding obligations to us.  This slowed and eventually stopped construction as you may know.  After much patience over the past year and willingness on our end to work toward a resolution with Mortgages Ltd. and its investors, we have determined that they have no intention or ability to approve an equitable agreement with us.  So, we are now taking action on our own terms to complete Centerpoint, and protect our investment in this landmark project.
 
In the recent past, we have negotiated a financing agreement of $75 million with a new lender.  This plan has been in front of Mortgages Ltd. and its project investors for many months.  Unfortunately, we have made little, if any, progress to obtain this new financing through Mortgages Ltd.’s bankruptcy court process.  So, in an asserted effort to protect our asset and finish the job, we filed a lawsuit against Mortgages Ltd. for defaulting on their funding obligations to Centerpoint; as well as have filed Chapter 11 in U.S. Bankruptcy Court to afford us the opportunity to obtain new financing through our bankruptcy court’s authority.  Gaining the court’s authority will allow us to move forward in a more streamlined, efficient and productive direction, benefiting all parties.
 
We requested our new lender finance $44 million initially.  These are the funds needed to open Tower One so our homeowners can move in, and complete the retail plaza level, resident’s private “backyard” amenities level, the extension of 6th Street and the exterior of Tower Two.  We are very excited to have established a partnership with this new lender who shares our commitment to providing the highest level of integrity and quality in every aspect of Centerpoint Condominiums.
 
While filing Chapter 11 may sound serious, it is an appropriate and routine step to take in this business situation and gives the federal court authority to restore order and protect assets.  Once the bankruptcy court approves our new loan, which we hope to occur expeditiously, we will complete Tower One approximately 60-90 days after the close of the new loan agreement; then, the retail plaza level will open approximately three months following.
 
While much of our attention is on finalizing the terms of our new loan agreement, we certainly remain focused on delivering what Tempe Mayor Hugh Hallman and many other community and business leaders throughout the Valley refer to as a landmark project for the Mill Avenue District.
 
Please feel welcome to contact us with your inquiries.  We will continue to update you on our progress as well.  In the meantime, for your reference, we have attached the press releases recently distributed regarding our lawsuit and Chapter 11 filing, as well as a copy of the lawsuit.  Please feel welcome to review them for further information.
 
Again, we sincerely value our relationship with you and look forward to sharing exciting milestones ahead.  The lack of progress and commitment to our project by Mortgages Ltd. was unexpected.  Nevertheless, good things come to those who wait; and in that regard, we know Centerpoint will be an amazing community for all of us.
 
Sincerely,
Kenneth K. Losch and David C. Dewar
Principals”

MORE:
Click Here to View News Release
Click Here to View Attorney’s Letter
Click Here to View East Valley Tribune Article
Click Here to View Arizona Republic Article

Click Here to learn more about the Centerpoint Condominiums

 

Centerpoint Condos

0 commentsTom Tokoph • December 05 2008 07:35PM

Mosaic Condos and Mortgages Limited

It was announced in the Arizona Republic today that the judge in the Mortgages Limited bankruptcy case has approved an agreement between the developer, KML Development, of Mosaic Condominiums and their lender, Mortgages Limited.  In the ruling, the judge reduced the principal owed on the amount currently funded by Mortgages Limited by more than half-- from $30.3M to $14.9M.  Of greater importance to all Tempe urbanites was the revelation that plans for the Mosaic development site are now focusing on high-end student housing.  Developing...

Read the Full Article Here

More Downtown Tempe Living Options

Mosaic Condominiums

0 commentsTom Tokoph • December 03 2008 08:37PM