Scottsdale Lofts Developer Eyeing Downtown Tempe

The Phoenix Business Journal reports that Avenue Communities, developers of the Third Avenue Lofts in downtown Scottsdale, is about to break ground on its Centerpoint Condominium project on a five-acre lot in Tempe. The community will have 700 condo units in four, 22-story buildings. The project is located one block west of Mill Avenue and just south of Fifth street. Units will be priced from about $200,000 to $2 million. Groundbreaking is set for July 13th and the completion of the first building is set for late 2006. More...