Portland 2: not quite understanding your market. - 03/28/08 10:51 AM
I visited Portland 2, a new project by upstart Odyssey Homes at 6th St and Portland. The design is a four story sudo-modern row-home. The exterior is out of place with mismatched bright colors, architectural features that leaves you questioning the thought and layout that is at odds with it's historic … (2 comments)
Evergreen 9: Modern and efficient infill in downtown Phoenix. - 03/28/08 10:40 AM
Part of being a trusted adviser in real estate is truly knowing your product, knowing the area and it's sub-markets, trends/momentum, city initiatives, private initiatives, etc... While looking at product in downtown Phoenix yesterday I was re-reminded on how important it is to constantly reinforce your knowledge. Evergreen 9 is a … (1 comments)
Scottsdale Canel project adds to downtown Scottsdale's boom. - 03/25/08 02:28 PM
Scottsdale Canal Development, a Scottsdale partnership, is planning the 72-foot-tall Solis Scottsdale Hotel & Residences about two blocks east of Scottsdale Fashion Square. The project, originally labeled the Waterview at Scottsdale, will include 240 hotel rooms, a spa, shops and 165 residences. It is part of $1.5 billion in downtown redevelopment … (1 comments)
Mini core proposed at 7th St and Indian School. - 03/25/08 02:24 PM
With the success of the unique stretch of retail stores along 7th Ave and Indian School (Melrose), developers are eyeing 7th St and Indian School for a similar style of development. Currently there is a large, 28,000 sq. ft. retail space being converted into small, individual shops to support local entrepreneurs … (0 comments)
Hayden Flour Mill project presented today! - 03/25/08 02:17 PM
Avenue Communities (Centerpoint) will be unveiling it's latest version of their exciting new project, Hayden Flour Mill today at a press conference. The existing structure will be used as the core (silos and elevator) and 'wrapped' with loft condos, a boutique hotel and retail. The city of Tempe seems to be … (2 comments)
Nobody can see the bottom so don't look! - 03/25/08 02:04 PM
A competitor of mine recently wrote an excellent article on looking for the bottom instead of focusing access to cheap money. This is where people get confused. It's cheap money that drives real estate booms and expensive money that will bust it. The point is very easily made by the fact … (2 comments)
Rent demand in downtown Phoenix. - 03/13/08 01:45 PM
Many investors that have purchased or want to purchase condos in downtown Phoenix want to know demand for rental properties in the core. While I don't currently handle rental property, I can easily see where the demand is going to come from by just driving around and looking at all the … (1 comments)
Artisan Village: A good urban project. - 03/13/08 01:34 PM
Most people who are looking at urban real estate in Phoenix are familiar with Artisan Homes. Artisan was the first urban developer in early 2000 to address the unique needs of people who didn't want to live in the suburbs. Projects such as Artisan Lofts on Osborn, Artisan Parkview, Artisan Lofts … (5 comments)
Tempe Urban Living: A great urban project in Tempe. - 03/11/08 12:14 PM
Urban life in Tempe has really taken hold these last few years. The city of Tempe has dedicated resources and money to help harness and sculpt the unique qualities of downtown Tempe. Just a few blocks away from Mill Avenue lies Tempe Urban Living. A small modern infill project that utilizes … (0 comments)
The loan program for urban buyers in Phoenix. - 03/11/08 12:03 PM
The urban buyer just had a major win last week. The cap for FHA loans was raised about a 100K to $364,000.00 which now actually addresses a need and the prices of urban properties. FHA has been somewhat 'out of touch' with appreciating real estate prices in the past seven years … (0 comments)
Distressed lofts in Phoenix. - 03/06/08 12:36 PM
I'm getting a few inquiries for distressed or foreclosed lofts in Phoenix. This can be somewhat of an illusion. Foreclosure does not guarantee a 'good deal'. It also leaves the buyer exposed since their are no warranties made and is sold 'as-is'. Also there are allot more requirements of the buyer (see … (1 comments)
First Fridays and urban life in Phoenix. - 03/06/08 12:28 PM
The city of Phoenix is looking to enforce licensing of vendors who sell their 'wares' during the monthly First Fridays event in the Roosevelt Arts District. I think this is an eventuality of such event. As the loft owners and gallery owners try and keep the focus of the event, small … (4 comments)
Historic homes in downtown Phoenix. - 03/05/08 03:46 PM
Urban buyers are looking for a sense of 'connection' with their community. They want to feel a part of their city, participate in it's function and care about it's direction. These buyers my choose to live in a historic home, modern infill project or older high-rise. Many buyers are looking into … (0 comments)
Financing urban properties in Phoenix. - 03/05/08 03:37 PM
Current economic conditions have created a more diligent and healthier lending environment which will add stability in the housing market. The days of poor credit, no documentation and zero funds down are gone (and good ridden's). Today buyers need to work with both their real estate professional and their lending professional … (0 comments)
Phoenix Urban Living is the premier urban realtor selling loft, high rise, live/work, historic and modern homes and condos in Phoenix, Tempe and Scottsdale. Located in the Roosevelt Arts District at 610 E. Roosevelt Suite 136 Phoenix, AZ 85004. For more information on urban real estate, contact Michael Fitzpatrick at 602-288-8865 or visit www.phoenixurbanliving.com on-line for the most complete, up to date inventory of urban product in Phoenix, Tempe and Scottsdale.
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I visited Portland 2, a new project by upstart Odyssey Homes at 6th St and Portland. The design is a four story sudo-modern row-home. The exterior is out of place with mismatched bright colors, architectural features that leaves you questioning the thought and layout that is at odds with it's historic … (2 comments)
