Downtown Tempe Lofts & Condos

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Stadium Tower - Lumina Tempe - V.I.P. Friends & Family Event

There has been a lot of talk around town about the exciting new downtown tempe development known as "Stadium Tower".  This new loft, condominium development was able to secure the first truly "hip" hotel for Downtown Tempe, "Lumina".  Located at 5th & College in downtown Tempe, one can only assume that many cities and developers made proposals to acquire this new concept from the creator of the "W Hotel", but it is worth noting that downtown Tempe was the city chosen.  Thankfully for those of us who live, work & play in downtown Tempe, we will all enjoy access to this exciting, vibrant & modern hotel within walking distance of Mill Avenue in just a few short years!

For anyone interested in this new development, here are a few details that I acquired while at their Exclusive "Friends & Family" event on April 25th, 2007.  From the perspective of someone who makes a business selling downtown Tempe condos, I was very impressed with the interior design of the Stadium Tower.  The homes are edgey, modern, minimalistic with a very "euro" look.  That's good, considering the Stadium Tower will be complimented by the hipster style of the new Lumina hotel next door.  Plain and simple, this development is "Sexy"- with a capital "S"!
 
Apparently, many others who attended this special event agreed with my assessment of the development.  By the end of the night, it appeared that 40 to 50 percent of the units had already been reserved.  For those of you already drooling over the prospect of living at the Stadium Tower, I've been told that the public will have their opportunity to purchase their own home at a "grand opening event" sometime in June 2007.  At that time, buyers should expect a $5,000 reservation deposit to hold a unit, with an additional deposit of 10% to 20% of the purchase price required upon formal contract.  Construction on this landmark development is scheduled to begin sometime late Summer with new Stadium Tower residents moving in approximately 22 months later.
 
If you have any interest in being a part of this new development, or have any other questions, please call Tom Tokoph with Urban Realty & Development.  We would be more than happy to tell you all about the fantastic growth of downtown Tempe including this new development and represent you as a buyer's agent.

Urban Realty & Development specializes in the Downtown Tempe Lofts, Townhomes, & Condos market.  We live & work in the heart of downtown Tempe so we have a passion for the area.  We look forward to sharing that passion with you!  Remember what we say, "Life is in the heart of the city!"

Tom Tokoph
Designated Broker
602-549-9000
 
0 commentsTom Tokoph • April 26 2007 02:15PM

Newman Center at ASU floats proposal for 20-story dorm

April 11, 2007

Newman Center at ASU floats proposal for 20-story dorm

Garin Groff , Tribune


The next high-rise in downtown Tempe might not be another condo, hotel or office tower — it could be part of a church.

The All Saints Catholic Newman Center is considering a roughly 20-story tower for dorms on its property across from Arizona State University.

The tower plan seems highly preliminary and lacks specifics, according to several city officials who spoke with church officials. The Newman Center officials met with the city to see if there’s enough support to pursue the idea.

The Newman Center already has plans to tear down part of its 1960s-era building to construct new offices and a larger chapel, but the tower could put that on hold.

A Newman Center official wouldn’t discuss the tower plan Tuesday.

“I’m not going to comment on anything about that,” said Mary Macuga, the development director. “What I know is we’re so anxious to get a new chapel built.”

The Newman Center sits on 0.8 acres and includes the landmark red-brick church at the corner of University Drive and College Avenue. That red structure, built in 1903 and the Valley’s oldest church, would remain.

The dorm tower plan was too vague to suggest whether it deserves city approval, Tempe Vice Mayor Hut Hutson said.

“I couldn’t tell you right now,” Hutson said.

The Newman Center has been planning to rebuild and expand its cramped facility for years.

The church received a building permit in February for a two-story office and chapel project that was supposed to cost $5.7 million. But spiraling construction material costs in the aftermath of Hurricane Katrina pushed the estimated price tag to $7.3 million.

The church put construction on hold until it could raise the extra money, Macuga said.

The Newman Center serves about 800 students and nearby residents, who often attend standing-roomonly masses. Most services are held in a ‘60s-era room designed when the campus was a fraction of its current size. It seats 250 people, but up to 500 worshipers can show up. The new chapel would seat 600 to 700.

“We just want to get that chapel built as soon as possible and we desperately need more space to accommodate our growing community,” Macuga said.

 

If you have any interest in being a part of this up and coming city, and relish the idea of exchanging the hassle of traffic with a short elevator ride to the heart of the city, please call Tom Tokoph with Urban Realty & Development.  We would be more than happy to tell you all about the fantastic growth of downtown Tempe and represent you as our client.

Urban Realty & Development specializes in the Downtown Tempe Lofts, Townhomes & Tempe Condos market.  We live & work in the heart of downtown Tempe so we have a passion for Tempe real estate.  We look forward to sharing that passion with you!  "Life is in the heart of the city!"

Tom Tokoph
Urban Realty & Development 
Designated Broker
602-549-9000
 
 

 

0 commentsTom Tokoph • April 12 2007 02:39PM

Centerpoint Condos in Downtown Tempe

 

April 8, 2007

Tallest Tempe building still rising

Garin Groff , Tribune
A new condo tower has become Tempe’s tallest building — and it’s not even finished yet. The Centerpoint Condominiums building has reached 17 stories and is growing one level every week.

That means workers will top off the 22-story tower in about five weeks.

Then they’ll set a new city record with a 30-story tower next door. That should top out at year’s end.

The latest addition to the downtown skyline has gone up with little fanfare after some initial complaints that the project was too tall.

Project developer Ken Losch said he could understand some objections from Arizona natives who were used to houses on big lots with pools. But Losch, a principal in Avenue Communities who lived in major Canadian cities, said more and more people from other big cities are demanding the types of high-rises popping up across the Valley.

“Remember, half the people who live here are from urban centers and we’re really dying for urban experiences, and we don’t have it,” Losch said. “People are starving for it.”

They’re not just looking for something tall, he said. Rather, they want to walk to restaurants and offices and live near a transportation system like the Metro light-rail line.

Avenue Communities has 200 workers on site, busy 24 hours a day. Most of the building remains a concrete shell, but workers have installed framing, plumbing and even a few glass panels on the lower floors. Residents should be able to move in this spring. About 100 potential buyers are on a waiting list and the company is just starting to write contracts for some units, Losch said. The condos range from 400 square feet to 8,000 square feet with selling prices ranging from $300,000 to $3 million.

The company plans to build two more 30-story towers on the site, perhaps starting them in 18 months.

The condos will eventually reach 370 feet, making them taller than Hayden Butte. Tempe has limited other downtown buildings to 300 feet, but even some elected officials think the city has given developers too much vertical leeway.

Councilman Ben Arredondo said he’s concerned about the towers blocking views and flooding the downtown with too many cars and people. “I don’t think we’ve done a real close analysis of the impact those buildings are going to have,” Arredondo said.

Arredondo grew up in Tempe and recalls running through downtown to play in Tempe Beach Park. He said he understands Tempe can’t stay the small town of his youth, but he said he doesn’t want it to become another Manhattan. “At what point do you become too dense for a small community?” he said.

Tempe’s tallest
Centerpoint 30-story tower: 345 feet, 370 feet with equipment Hayden Butte: 332 feet Centerpoint 22-story tower: 258 feet Hayden Ferry Lakeside 12-story office building: 198 feet Sun Devil Stadium: 186 feet Hayden Flour Mill silos: 168 feet Manzanita dorm at ASU: 163 feet

 

If you have any interest in being a part of this up and coming city, and relish the idea of exchanging the hassle of traffic with a short elevator ride to the heart of the city, please call Tom Tokoph with Urban Realty & Development.  We would be more than happy to tell you all about the fantastic growth of downtown Tempe and represent you as our client.

Urban Realty & Development specializes in the Downtown Tempe Lofts, Townhomes & Tempe Condos market.  We live & work in the heart of downtown Tempe so we have a passion for Tempe real estate.  We look forward to sharing that passion with you!  "Life is in the heart of the city!"

Tom Tokoph
Urban Realty & Development 
Designated Broker
602-549-9000
 
 
 
Some Construction Photos of Centerpoint: 
 
Centerpoint Ammenity Level

 

Centerpoint 7th Floor View

 

Centerpoint View 7th Floor

 

 

Centerpoint View 16th Floor

2 commentsTom Tokoph • April 09 2007 02:37PM