Hayden Ferry (Edgewater, Bridgeview, etc...) just raised their HOA to about 55 cents per square foot. I don't understand this. Crystal Point, with only 63 units has fees of approximately 38 cents per square foot. Why does a larger community (currently about 60 but soon to have another 100 and ultimately a total of almost 400) with fewer amenities than Crystal Point, that also has the added benefit of sharing a portion of their common area with surrounding commercial buildings, need to charge so much? I represented several buyers at Hayden Ferry last year and at the time I was very confident that management would be able to keep the HOA down under 40 cents a foot. Ideas???
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Showing posts with label Hayden Ferry. Show all posts
Showing posts with label Hayden Ferry. Show all posts
Monday, January 29, 2007
Thursday, January 25, 2007
Tempe Urban Loft Projects
The area south of Tempe Town Lake and west of Mill Ave is blossoming with some really cool urban villages and loft projects.
Millstone by Barton Communities was one of the first to break ground in early 2006 and they are starting to deliver to the owners. The project offers three story lofts with two car attached garages a beautiful community. Walking distance to Mill Ave and the FLASH route made this project, and the others to follow, attractive to parents of students of ASU as well as the business professionals coming to new jobs in the area. The project is technically sold out but there is a possibility that 3-4 homes may be coming back to the builder. I also know a man who may be putting his on the market due to a job transfer. More on that later.
The Brownstones at Tempe is coming along nicely. Phase I is nearly sold out, and Phase II is about to be released. These two and three story urban lofts are amazing. With a total of 13 layouts to choose from there truly is something for everyone. There are currently 5 spec homes decked out with upgrades and 6 additional homes remaining for sale in Phase I. Spec homes could be delivered in as little as 60 days. This is a great opportunity to get in early at the best pricing. The photo below shows the second floor kitchen in one of the models. These lofts are beautiful, stylish and in a great locations. As the landscape of Tempe takes shape with the Centerpoint and Hayden Ferry projects, these smaller loft projects provide a great opportunity for professionals and students who want access to all that the area has to offer. All told there are seven new construction sites in the area. I've got the inside story on all of the up coming loft and urban village projects coming to Downtown Tempe. Contact WeKnowUrban and I'll be happy to arrange personal tours of all these exciting developments.
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Wednesday, January 24, 2007
True
Christina Vanoverbeke recently reported in the Tribune that some East Valley residents are turning to lofts and high rises instead of the sprawl that has dominated the Valley for decades. My sales agents and I specialize in finding homes for just such buyers. I sold a Hayden Ferry condo to a great couple who currently lives in Fountain Hills. He's an airline pilot and she works at ASU. They love the idea of trading in the long commute for spending time together in and around Tempe. Another couple relocating from the mid-west will be calling Hayden Ferry home in about twelve months. She too works for ASU and they want to live close to work and the wonderful community that Mill Avenue has cultivated. My wife and I live in a high rise condo near mid-town Phoenix and we love being minutes from Durants, Fez, Zest, Barrio Cafe and other fantastic restaurants. I'm telling you when that light rail is completed life is going to pop along that route!!!
Read More......Sunday, April 02, 2006
Hayden Ferry Bridgeview, April 2, 2006
The developer of Hayden Ferry Edgewater (phase 1) and Bridgeview (phase 2) are throwing an invitation only party in May to celebrate the completion and delivery of Edgewater units. Guests will pretty much be limited to people who purchased an Edgewater or Bridgeview unit and those people who are "for real" prospective buyers for Bridgeview. The developer hopes that once prospective buyers get to see an actual unit then they'll want to sign a contract. The developer is also hoping that once buyers can see, touch and feel what they're offering then they'll be able to raise prices. In a normal market I'm sure that strategy would pay off. We'll see if it works in a market that has slowed down.
Read More......Safari Drive
Safari Drive has begun taking reservations. The builder already let friends and family reserve 20% of the units but now the public can get in. Prices start at about $600 a foot so they're not cheap but they are right in the heart of Scottsdale. I personally still prefer Portland Place and Hayden Ferry Bridgeview but if you gotta have Scottsdale then Safari Drive might be the way to go. The styling of the finishes are definitely geared for a younger audience, kinda retro like Valley Ho or James Hotel (which by the way recently sold) but with a European flavor.
Read More......Monday, March 27, 2006
Phoenix High Rise Buying - Demystified
By Will Daly
Our website gets over 4,000 unique visits per month from people looking for more information on “urban” properties in Phoenix, Scottsdale, and Tempe and beyond. Of these visitors about 300 call or e-mail me looking for additional information on lofts and high rise condos (defined as ten floors or greater). In general these people are overwhelmed with the number of properties currently available for sale or advertised as “breaking ground” for new construction in the near future. They spend hours on the web researching their options but mostly reading a bunch of hype. Finally, they’ll call or e-mail me to get the real story. Here’s what I typically tell them.
For the most part, if you want high rise your first decision is whether you prefer an older building or a newer one. Older units typically sell for no more than $350 per foot while the post 2000 era buildings START at $450 per foot and go way up. There are six buildings which fit into this category. They are: Executive Towers, Landmark Towers, Crystal Point, Embassy High Rise Condos, Regency House High Rise and Phoenix Towers. If the price or style of older buildings sounds like your speed then you are geographically limited to the Central corridor, starting at approximately Camelback Road and then south to about Roosevelt. For your dollar you will get thirty to forty year old common areas (although a couple of the buildings have had recent facelifts), SOMETIMES antiquated air conditioning systems (master chiller systems vs. individual heat pumps), SOMETIMES common laundry facilities vs. individual laundry hookups, and SOMETIMES only one parking space vs. two or more. NOTE: THE exception to all this is Crystal Point, built in 1990, which has all the modern amenities plus THE BEST VIEWS IN TOWN. Dollar for dollar I’ll put this building up against anything in the valley, new or old. Once you figure this out you just have to narrow down which building you like the most and then wait to find the unit that is just right for you. In most buildings you’ll have a choice between completely renovated units (for a higher price) or a lower priced unit which needs work.
With newer high rise buildings you will ultimately have more choices. However, today there are only three newer high rise buildings in the entire Valley which are completed and ready for occupancy. They are: Esplanade Place, Optima Biltmore and Orpheum Lofts. Everything else is either under construction or in the dream/planning stage. Buildings which are currently under construction include: 2211 Camelback, Optima Camelview, Portales Place, Scottsdale Waterfront, Edgewater at Hayden Ferry (phase 1) and Bridgeview at Hayden Ferry (phase 2). I have intentionally omitted a couple buildings which have construction fencing around the property but very little happening at the sites. Again, keep in mind that prices in these newer buildings start in the low $400 per square foot range so a relatively small 1,000 square foot home will be $400,000 and up.
I think you’ll agree that if you are truly interested in enjoying high rise living in the Valley that the choices are not over whelming. Once you cut through all the hype you can see that there are only a handful of projects that might work for you. At that point you can really get focused and hunt for that perfect home.
Copyright © 2006 Will Daly. All Rights Reserved.
Will Daly, a Realtor with RE/MAX Excalibur in Phoenix and owner of the marketing labels http://WeKnowUrban.com/ and http://CondosPhx.com/ combines years of experience, a thorough understanding of current real estate markets, and cutting edge technology to provide his clients the best advice for proven results. He specializes in Loft and High Rise Development/Sales and Condo Conversions. You may reach him directly at (480) 510-8755 or by visiting his blog at http://We-Know-Urban.blogspot.com/.
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