Urban high rise projects on hold in Phoenix, Tempe and Scottsdale.

There has been a few articles and rumor chatter lately about a couple of projects that may be on hold, reconfigured or possibly scrapped. I'm somewhat surprised at the reaction of urban developers, builders, land owners, Realtors and the general public as being surprised or overly concerned. The high rise craze in Phoenix, Tempe and Scottsdale was obviously ahead of demand and build-out of infrastructure in certain areas. Phoenix is really the only city to take an overall approach to growth with public and private initiatives working together. Tempe and Scottsdale are adding high density residential without allot of new public initiatives but they were ahead by having cores which to build around. All big cities have projects that don't come to fruition and this is just a natural path towards growth. Take it easy as everything will be just fine. For current projects, check out http://www.phoenixurbanliving.com/f-dash.asp?Page=128749.html. M.