Infill Condos - The New Wave?

Monterey Homes, recognizing a shift in housing demand, is launching a line of infill condo and townhome developments that could add 2,000 units to Scottsdale and the Valley over the next few years.

Monterey started last week on its first urban-living community called Sandalo, southwest of Scottsdale Road and Shea Blvd. It will contain 44 townhomes on 2.2 acres.

Construction of Monterey Ridge, with 189 condo units at 68th Street and Princess Blvd. is set to start construction in the fourth quarter of this year.

Monterey also plans to start three other infill projects in north-central Phoenix later this year. And about 450 units will be built on the former Rawhide site at Pinnacle Peak and Scottsdale roads starting in July 2007. Monterey has purchased five infill sites in the Valley and has another half dozen in the pipeline.

With land scarce in Scottsdale and condo prices hitting seven figures, Monterey decided to pursue centrally located sites for affordable condos and townhomes as an alternative to apartments converted to condos, according to David Walls, Monterey president. More...