There was a great little report / video on Bridgeview and Edgewater at Hayden Ferry Lakeside along Tempe Town Lake on ABC15 last night. While it isn't very informative, the report does underscore the ideas that Urban Realty has been promoting for years now-- urban life provides a much easier, more convenient lifestyle.
September 17, 2008
ABC15
More Valley residents are moving "up"
Reported by: Steve Irvin
CLICK HERE FOR HAYDEN FERRY LAKESIDE NEWS VIDEO
Just a few months ago, Russ Hickman was living in a five bedroom, 3 bath home in Mesa.
He's happier now, he says, with his 1,200 square foot, one bedroom condo. It's a simple matter of convenience.
"Close to the airport, close to restaurants... walking distance," Hickman said. Just some of the reasons he moved into the Hayden Ferry Lakeside condominiums in March.
The trendy complex sits right on the shores of Tempe Town Lake, a stone's throw from the old mill on Mill Avenue.
Its selling point: a lock-and-leave lifestyle with no yard work, no maintenance, and amenities ranging from a swimming pool and gym, to a demonstration kitchen and a movie theater.
"Simple things you take for granted. You have a landscaper, pool service... all those things go away here," said Sales Manager Bob Normile.
All that convenience comes with a price however. One-bedroom units start in the $600,000 range. The 5000 square foot penthouse is on the market for $5 million. Developers say residents have actually saved money on expenses like transportation and home repairs.
Developers maintain sales are strong, even in a tight market. Elsewhere in the Valley, particularly downtown Phoenix, the picture may not be as good. Several projects have been put on hold as sales slow, and financing becomes more difficult to acquire.
The East Valley Tribune reported yesterday that the judge in the U.S. bankrupcy court has granted Avenue Communities partial payment of the 4.8M initial funding requested. The remaining portion will be reviewed for approval at a hearing scheduled for October 16th. This appears to be good news for the developer, Mortgages Ltd., and the City of Tempe since it theoretically places Centerpoint Condominiums back on track to complete construction of the $200M development.
Read the entire EV Tribune Article Here
It was interesting to see Cramer, from CNBC's "Mad Money", give his prediction for when he believes housing would hit the "bottom". He actually predicted the day! 309 Days from August 26th or around the third quarter of 2009.
Obviously, no one has a cristal ball, but he is very entertaining to watch and he makes some convincing arguements.
VIEW FULL ARTICLE & VIDEO HERE
Moving around Downtown Tempe is about to get a whole lot easier... and we're not talking about the long awaited light rail project either. Two new concepts are preparing to open on Mill Avenue and along Tempe Town Lake.
The first, located in the Centerpoint on Mill development along Mill Avenue will be the "Campus Scooter" store. They have just announced the public hearing, so it will probably be a little while before they are actually open for business.
The second will be "Segway of Tempe" along the shores of Tempe Town Lake. They plan on providing tours for $75 per tour.
READ ARTICLE about Segway of Tempe in the Arizona Republic Here
Tom Tokoph
Downtown Tempe Broker
Urban Realty & Development
602-549-9000
UrbanRealtyAZ.com
Bridgeview at Hayden Ferry Lakeside is currently the premier development in downtown Tempe. Perched beside Tempe Town Lake, the watery blue glass structure boasts amazing amenties. Full time concierge service, billards room with a theater, gourmet kitchen and a club room are just a few of the special features Bridgeview residents experience. These are on top of the amenities one has come to expect like a swimming pool, jacuzzi, work out rooms, spa, etc.
If you are looking to purchase a property in this amazing development, this unit may be just the deal you are looking for! Urban Realty has just reduced our client's property by $50,000. This makes the property $100,000 less than the next comparable unit available through the developer.
To see much more information about this property visit:
BRIDGEVIEW AT HAYDEN FERRY LAKESIDE #212
Here you will find a very large Photo Gallery as well as a Video of the property.
If you want more additional information on this or other properties in dowtown Tempe, please visit our website.
Tom Tokoph
Downtown Tempe Broker
Urban Realty & Development
602-549-9000
UrbanRealtyAZ.com
Specializing in Downtown Tempe AZ! We are your urban living specialists, providing real estate services for City People looking for Lofts, condos or other Downtown Tempe AZ Real Estate.
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