Friday, October 20, 2006

Downtown tidbits

A few musings on downtown Phoenix happenings:

* Portland Place has sold 46 of its 54 condos as of yesterday. Another condo may open up, but this is still encouraging news for the downtown condo market, particularly after the investors jumped ship. The picture here is the rooftop at Portland Place. In the foreground is what will become the pool deck, looking south toward the downtown core.

* Weitz may yet be the builder for Portland Place's second phase.

* I brought up a comment that appeared on the forums at skyscraperpage.com, courtesy of the poster Soleri, that construction at Artisan Haus may be delayed or the project may be cancelled altogether, and a Weitz official told me he had "heard the same thing." While I was not a huge fan of the Artisan Haus design, particularly the way the building turned a mostly-blank wall toward Central Avenue, the thought of having another vacant lot in central Phoenix is much less appealing. I hope this project still works out.

* Speaking of vacant parcels on Central, there was some promising news today about the sale of the land at Central and McDowell. Hopefully the entity that purchased the land is serious about developing this parcel across from the Phoenix Art Museum, and isn't simply a speculator. AmLand Development, one of the partners in this resume, has a couple of impressive-looking projects in Philly and in Las Vegas, according to the company's web site. Construction is underway on the Vegas project. How great would it be to have a similar four or five-tower complex built at Central and McDowell?

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