Pricey Condos To Alter Scottsdale Arizona

The Arizona Republic reports that downtown Scottsdale's skyline is looking up, with no fewer than three cranes hovering over busy construction sites.

Nearly 1,300 condos are planned in numerous developments, including Main Street Plaza, Valley Ho Residential Tower, Scottsdale Waterfront, Optima Camelview Village and Toll Brothers' Residences on Main. Prices are headed up as well, with condo's starting at $300,000 and climbing to $4 million.

Main Street Plaza at Main Street and Goldwater broke ground in November on its first building, and all 33 condos are already sold out.

The Scottsdale Waterfront project, which will be 13-story's tall, will start above-ground construction in October.

Optima's Camelview Village has also broken ground on its first phase (254 units), which is also sold out. The first phase is scheduled for completion in spring 2006. This shows the pent up demand for luxury condo living in Scottsdale Arizona. More...