Century Plaza Name Change to One Lexington Place

Today signage was changed and banners hung on the midtown Phoenix high rise condo building that was until today known as Century Plaza. The new name is One Lexington Place.

Last week the financially crippled high rise community was sold by its construction lender, M&I Bank to Canadian company, Macdonald Development Corporation. We Know Urban Realty expects the remaining 130 condominiums to go back on the market soon (evidenced by the brand new banners announcing "new ownership" and "reduced priced" condos).

Over the last year, investors had approached our company asking for help in determining sales values of the condos. Most investors we talked to were looking to offer two bedroom condos at the high $100k range and one bedroom condos at the mid $100k range. We have yet to see at what price Macdonald will offer the units. Stay tuned....

Will Daly, Broker
We Know Urban Realty
(480) 510-8755
Will@WeKnowUrban.com