The Pierre Condos on 5th Avenue Downtown Phoenix

As I was writing an update on the downtown real estate market the Pierre Condos on 5th Avenue showed great sales this summer. They have had great sales this summer and I wanted to know why since most condo projects outside of One Lexington and Landmark Towers have been pretty quiet.

The Pierre is an apartment conversion project in the Mid-Century style. Nice brickwork sets the tone for what is a pleasing development… in both features and price. No wonder 80% of the project is already sold out including all the 1 and 3 bedroom models. However, there are still a number of 2 bedroom units to be had.

As you can see from the pictures, the developer did a fine job of updating while maintaining the mid-century feel. Unlike many condos, the living room and bedrooms feel pretty darn spacious and they have balconies. Those who have been reading my posts for a while know I am a big fan of balconies… they just seem essential to an urban setting.

Below are some of the high points from my perspective:

• Two Bedroom Units priced in the low $120,000’s.
• Secure lobby with elevators and stairs to the 3 floors.
• Filled concrete block construction and concrete floors keep things quiet.
• Just 25 units so you don’t get lost in a condo jungle.
• Well appointed interiors with nice tile, contemporary cabinets, well thought lighting.
• Every 2nd or 3rd floor unit has 1-2 or 3 balconies.
• Fully remodeled pool and hang out area.
• Secured covered parking adjacent to building.
• Pet friendly project… Fred the dog approves.
• 5% down Freddie Mac financing available!!

If you would like to take a look at The Pierre on 5th, let me know. I think you’ll see why we put this project on our “good to buy” list.

Gene Urban
The Urban Connection Team
602-234-5777