Condo Developers Buy Phoenix Site

The Arizona Republic reports that a 6-acre site at the northwest corner of Central and McDowell, sold for $12.83 million to a developer who specializes in condo projects. The buyer included a principal of Boise, Idaho based Kowallis & Mackey, who are developing the Cosmo Tower condo project in Tempe.

"I'm guessing residential condos will go in there, mixed use, but we don't have a plan yet," said John Mackey of Kowallis & Mackey. The firm hopes to have a final plan in two or three months. More...