Central Avenue & Buchanan Street - Phoenix

Located in the Warehouse District of downtown Phoenix, the Central and Buchanan project will feature inspiring architecture, spectacular views, and exciting amenities at a moderate price. The twin tower high-rise project design includes a podium parking structure (one level below grade and 3 levels above grade) wrapped with retail and residential units to allow for both cost-efficient construction and a neighborhood-friendly scale at the street level.

The 1.8 acre site provides a net building area of 78,408 sf which has been designed to include 387 residential units, 4 retail units (9,941/sf) and 535 parking spaces. The average residential unit size of 937/sf equates to an average unit price under $430,000 (450/sf including balcony, view and orientation premiums). Over 65% of the units will be priced between $240,000 and $420,000 providing attractive purchase opportunities to a large segment of the Phoenix market.

The project will be delivered fully entitled, ready to begin the marketing and pre-sales phase. Construction is anticipated to begin soon, with completion at the end of 2008.

Approximate Gross Revenue: $165,575,529 - Download and print the Executive Summary