40-Story Loft Tower In Central Phoenix Arizona

The Arizona Republic reports that City Loft Co. is proposing a 40-story loft project on the west side of Central Ave., just south of Highland. The proposed project will be called Metro Lofts and is being proposed due to the big demand for condo and loft housing closer into the city core. Condos are spreading in such areas as downtown Scottsdale, Tempe Town Lake, central Phoenix and the Biltmore area. Marcie Saban, vice president of City Loft Co., states "Lofts are popular. If you keep up with real estate at all, you know it's easy living. We even have people with dogs and kids buying. They can shut the door. There's no maintenance." More...