New Phoenix Loft Projects, 3/02/06

Look for a ton of new hip, cool, edgy and architecturally interesting loft projects to come to Phoenix over the next year or more. Three of the more interesting or more recent ones include:

Portland Place is one of my favorite of the larger projects coming to Phoenix. It's a three phase, two hundred unit, condo flat, two story loft, and brownstone flat project located at the edge of the Phoenix art district, next to the new Phoenix light rail line, walking distance from the Phoenix Art Museum and Phoenix Library and a short drive from downtown Phoenix. The floor plans are great, the architecture is interesting and I like the location. The entire project includes three buildings with six, eight and ten stories to house 184 flats and lofts. Four other two story buildings will house sixteen brownstone style flats (their description). The flats and lofts range from small 892 square foot studios to large two bedrooms plus den lofts with 2829 square feet. The brownstone models have two bedrooms with 1563 square feet. All floor plans come with just one parking space (ouch) but some additional spaces are available to purchase. Hopefully with the new Phoenix light rail line owners will need fewer parking spaces.

A super condo conversion with a retro feel like that at the newly redone Valley Ho is coming to Phoenix near 16th Street and Missouri. The Palmaire Condos with eighteen one, two and three bedroom condo flats is just waiting for the Public Report from the City of Phoenix Planning Department. Prices are not available but I’m guessing that prices will be from the mid $250 to 350k range.

Forma is another architectural knockout with sixteen two story lofts to be built in a great part of Phoenix at 3rd Street near Osborn. The owners hired a Chicago architect with a real flair for the dramatic. These two and three bedroom lofts will have a minimum of 2200 square feet and two parking spaces in the first level secured parking structure. In keeping with true loft styling each unit will have 19’ 9” ceilings and private roof decks. Again, no prices yet but I’d guess prices are going to start in the very high $700k range.

I will keep you posted on future events concerning these and other Phoenix loft projects. But know that this is a hot product niche and one worth keeping an eye on.

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/.