HOT Property. 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
