Phoenix Lofts
Realty Executives Meets at One Lexington in Downtown Phoenix
April 14, 2010 by The Urban Team · 1 Comment
Our office, Realty Executives Center Pointe, held our April meeting at One Lexington, the exciting condo development in mid-town Phoenix yesterday. It was good to share this project with many friends in the real estate business.
Our meeting was held in three bedroom model on the 13th floor. Our friend and fellow realtor, David Newcombe, led the discussion outlining the many features One Lexington offers.
As I mentioned in prior posts, One Lexington excites me. It is a rare project where an incredible commercial building with mammoth views was converted to residential living. In the process, the place was taken down to its shell and reformed from the ground up with all new materials, electrical, plumbing, HVAC, windows, and more.
What excites me most is the pricing. In my humble opinion, this may be the best deal we’ll ever see in downtown condo dwelling. The original makeover project was lost to trustee sale. The new owners, McDonald Development, purchased the project for pennies on the dollar. The result is One Lexington units are priced at a level that can’t be matched by future builders.
Speaking of pricing, did you know the one bedroom units can be had for as little as $154,700 and the 3 bedroom condos start in the low $400,000. To me that’s remarkable and worth thinking seriously about.
A few things of note we learned at the meeting include:
Almost every unit is priced so you can use either FHA or Conventional Financing.
Met Life Home Loans, the lender of choice for the project, offers 3 months free HOA’s with purchase.- Homeowners have their own separate storage room included with their condo.
- There are no upgrades to worry about. What you see is what you get for one price.
- The pool and workout areas are exceptional for this price and size development.
- Light Rail is just a few steps away from One Lexington.
- They are happy to work with you and your own real estate agent. No extra charge for doing so either.
All in all, the agents from Realty Executives were impressed with One Lexington, as had the Urban Team. All agreed this is a condo development they would be proud to show their clients.
Have a great rest of your day and let us know if you’d like to set up an appointment to see One Lexington.
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Other Articles We Have On One Lexington, Phoenix
http://urbanconnectionrealty.com/2010/04/one-lexington-hoa-fees/
http://urbanconnectionrealty.com/2010/04/one-lexington-has-affordable-one-bedroom-condos/
One Lexington HOA Fees
April 8, 2010 by The Urban Team · 1 Comment
We’ve gotten a few calls and emails asking about the financial strength and fees for the homeowners association at One Lexington. We like people who ask this question as it is very important, especially with the many developments around the Valley whose HOA’s are in trouble.
We asked Rob McDonald, the president of McDonald Development, to give us some details about the HOA’s at One Lexington during a presentation last week. He indicated the overall HOA fees are 41 cents/sq.ft. Of the 41 cents, 9 of it goes to support their capital improvement fund used to maintain the integrity of the property. The balance of the fee is used to pay for general maintenance, pool/exercise facilities, grounds keeping, HVAC operations and staff. Homeowners will pay, privately, for electric, water, phone and cable/high speed Internet.
One Lexington offers daytime concierge services Tuesday through Saturday and nighttime security Friday through Sunday. These services are included in the HOA fee. Building security is enhanced by key fob operated elevators.
Another important consideration is the central heating and AC system. The operation of the main HVAC system is part of the HOA fees. Each homeowner will, however, pay for the electricity to power the individual condenser/blower units found in each condo. Overall, heating and cooling costs are expected to be much lower than if the units had individual AC systems.
McDonald assured everyone that the HOA is well funded and in great shape to move forward to a safe and happy future.
If you have additional questions about One Lexington or would like to make an appointment to view the property, use the form below and we’ll take good care of you.
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Other Articles about One Lexington
http://urbanconnectionrealty.com/2010/04/one-lexington-has-affordable-one-bedroom-condos/
Buy A Two Bedroom Condo at One Lexington in Downtown Phoenix
April 7, 2010 by The Urban Team · Leave a Comment
Today we will take a look at the 2 bedroom condos you can buy at One Lexington in mid-town Phoenix, AZ. Since we’ve already discussed the project in past posts we won’t expound on our delight with this condo project.
One Lexington is offer 3 different 2 bedroom floor plans with initial pricing from the mid-$200’s’s to low $300’s.. that thousands. The project offers many amenities including:
- Lofty 11’10 ceilings with exposed mechanicals and some structural elements.
- Over sized 8’ flat panel doors.
- Eco-friendly wood flooring in the living, dining and kitchen areas.
- Walk-in closets in the master bedrooms.
UV rated blinds on the floor to ceiling windows.- Central heating and cooling.
- Private Balconies
- Caesar Stone counter tops in kitchen.
- Contemporary Italian cabinetry.
- High-end energy efficient Bosch appliances
- Designer tile backsplashes in a variety of materials and finishes.
- Fully outfitted fitness center
- Outdoor pool area with spa, sun deck, fire pit and putting green
- The building offer superior soundproofing with double layer drywall and insulated staggered studs.
The two bedroom floor plans, called B1, B2 and B3, vary in size from 1077 to 1297 sq.ft.. All have 2 bathrooms, living room, dining room and come with balconies. Below are the floor plans for the two bed room offerings. Just click on the picture to open the full image that you can then print out.
Although you can walk in and buy a condo at One Lexington on your own, we strongly advise coming in with your own agent. When you walk in to a project on your own you will end up being represented by the builder’s agent. We believe your deserve your own representation. It does not affect the price you pay and you have someone dedicated to protecting your rights. If you are already working with an agent, bring them. If not, we’d be honored to take care of you. We, obviously, know the project pretty well and our 20+ years of experience will keep you safe and happy.
If you would like to take a look at One Lexington just fill out the form below and we’ll set up an appointment and be there with you.
Our Post on 1 bedroom units at One Lexington
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One Lexington Has Affordable One Bedroom Condos
April 6, 2010 by The Urban Team · 1 Comment
We discussed the two bedroom condo/lofts at One Lexington in a prior post. this time we are going to talk about the 1 bedroom condo units.
One Lexington is offer 2 different 1 bedroom floor plans with pricing from the mid-$160’s to low $200’s.. that thousands. Each unit features many fine elements including:
- Contemporary Color Scheme selected by international design agency Creative License.
- Lofty 11’10 ceilings with exposed mechanicals and some structural elements.
- Over sized 8’ flat panel doors.
- Eco-friendly wood flooring in the living, dining and kitchen areas.
- Walk-in closets in the master bedrooms.
- UV rated blinds on the floor to ceiling windows.
- Central heating and cooling.
- Private Balconies
- Caesar Stone counter tops in kitchen.
- Contemporary Italian cabinetry.
- High-end energy efficient Bosch appliances
- Designer tile backsplashes in a variety of materials and finishes.
- Fully outfitted fitness center
- Outdoor pool area with spa, sun deck, fire pit and putting green
- The building offer superior soundproofing with double layer drywall and insulated staggered studs.
The one bedroom floor plans called A1 and A2 vary in size from 734 to 777 sq.ft.. All have 1 bathroom, living room and come with balconies. Below are the floor plans for the one bed room offerings. Just click on the picture to open the full image that you can then print out.
Although you can walk in and buy a condo at One Lexington on your own, we strongly advise coming in with your own agent. When you walk in to a project on your own you will end up being represented by the builder’s agent. We believe your deserve your own representation. It does not affect the price you pay and you have someone dedicated to protecting your rights. If you are already working with an agent, bring them. If not, we’d be honored to take care of you. We, obviously, know the project pretty well and our 20+ years of experience will keep you safe and happy.
If you would like to take a look at One Lexington just fill out the form below and we’ll set up an appointment and be there with you.
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One Lexington in Midtown Phoenix meets Downtown’s Radiate Phx
March 31, 2010 by The Urban Team · 3 Comments
Radiate Phx held their March 2010 meeting on the 12th floor of One Lexington, a project I believe to be the most rousing and believable condo/loft development in downtown Phoenix. We are so excited there is a condo project we can be over-the-top excited about.
Let’s talk a bit about the meeting and then discuss One Lexington itself. The evening began with the usual talk time with friends new and old. Catrina Knoebl, Radiate’s helmsperson, kicked things off and welcomed Carol Johnson from the City of Phoenix who talked about how the Urban Form project is moving forward. Next up was Rob McDonald, the President of McDonald Development… the new owners of One Lexington.
I really like Rob McDonald. Though he calls Vancouver Canada home, his family roots are from Atlanta, GA. He is a warm engaging man who is both excited and committed to offer Phoenix the most viable condo project in years. He spoke about the reason for choosing to buy the building, the partners gathered to make it work and the project itself.
One Lexington offers 145 units in 1,2 and 3 bedroom floor plans plus penthouse units and 15,000 square feet of commercial on the first floor. The floor plans are well thought and feel very gracious and welcoming.
McDonald talked about the excellent quality of the buildings and his commitment to use American made products in the build out as well as local contractors and vendors. The unit we were in had winsome finishes including wood floors, tasty tile backsplashes, clean-lined cabinets and other niceties.
Based on the 20 or so purchase reservations already submitted, I am not the only one who feels this is an incredible opportunity.
The Radiate Phx evening ended with more conversation and tours of the various models. As a downtown realtor, I found this venue exciting, a welcome addition to the community and a great place to Radiate Phx. Special thanks to Catrina and her husband Chris for putting this night together.
Gene Urban
The Urban Connection Team
602-234-5777
PS… if you would like to take a look at One Lexington use the contact form below and we will schedule an appointment for you
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Radiate Phoenix Meets at One Lexington in March 2010
March 30, 2010 by The Urban Team · Leave a Comment
Radiate Phx, the non-traditional gathering of architects, planners, Realtors, and downtown Phoenix advocates will hold its March 2010 meeting tonight at One Lexington the former Century Plaza tower at Lexington and Central.
Macdonald Development of Canada recently purchased the building and will be finishing out the condo conversion and marketing the units.
Radiate Phoenix members, as is often the case, will get a preview of the project development and updates from our good friend and fellow realtor, David Newcombe from Russ Lyon Sotheby’s.
Where: One E. Lexington, Phoenix
When: Tuesday, March 30, 2010
Time: 5:30 – 7:30 pm
Bank owned Condos making Downtown Phoenix affordable
January 8, 2010 by Lyle Plocher · 1 Comment
During the crazy days of 30 and 40 % annual appreciation in our local Real Estate market, just a few years ago, living in a Downtown Phoenix condo or loft was reserved primarily for the wealthy who were buying units as second homes, with a few owner occupants who worked downtown and a few empty nesters mixed in to the equation.
For those individuals who currently work downtown and are still interested in walking or biking to work, Condo living has actually now become affordable due to the beating that local real estate values have taken in the last few years.
As an example, Lender owned loft units at the Orpheum Lofts are currently being offered at the $100,000 price point. With a 20% down payment and even with the steep HOA Dues there, an owner occupant could be looking at a total monthly outlay for housing of under $1200. For many professionals working in Downtown Phoenix, that is affordable.
Other downtown complexes such as the Summit at Copper Square, Stadium Lofts and Artisan Parkview are presenting the same kind of affordable, lender owned purchase opportunities.
To find out more about current properties on the market in Downtown Phoenix, contact Lyle Plocher at lyle@urbanconnectionrealty.com or 602 373 3725
Reduced prices at Portland 38
August 10, 2009 by Lyle Plocher · Leave a Comment
If you are in the market for an urban, loft style condo in the Downtown Phoenix area and have not checked out Portland 38, you may want to take a peek. The complex, which was designed by local Architect, Michael Underhill, offers some sleek design features including sand-blasted interior block walls, polished concrete floors, Miele stainless appliances, CeasarStone counters, 2′ tile baths, designer lighting, Kohler ‘Stillness’ fixtures, and Western windows.
Each unit at Portland 38 has a private, gated carport, which is rare for a complex of this size.
Common area features include a large play pool with tile accent walls, communal dining/BBQ area, and reflection garden.
There are several different floor plans and some of the best locations in the complex are still available. The reduced prices start at $164,900.
For additional information or to arrange a personal viewing, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com
Listing is courtesy of City Center Realty
Live in Arizona's tallest residential building
July 20, 2009 by Lyle Plocher · Leave a Comment
Does high-rise living interest you, but you thought you couldn’t afford the mortgage plus HOA? If you’re interested in renting in Downtown Phoenix, there are actually a limited number of condos for rent at 44 Monroe, our tallest residential tower. Amenities include indoor/outdoor pool, spa cantilevering into the skyline, state of the art fitness center & conference room. Enjoy the community entertainment lounge, play pool, watch the game, enjoy wine & food in a relaxing intimate setting or step outdoors on the terrace and enjoy the views and fresh air.
With rents starting at just under $1400 a month for a 1 bedroom, 1 1/2 bath luxury condo, you would be able to walk to everything downtown.
For more information or to arrange a personal viewing of available units at 44 Monroe, contact Lyle Plocher at 602 373 3725 or lyle@urbanconnectionrealty.com
Live-work modern condo at PRD 845
July 13, 2009 by Lyle Plocher · Leave a Comment
This 1800 + three level, loft like unit has great live-work potential with ground floor space that features concrete floors, powder room and separate entry. Large great room and slick modern kitchen on 2nd level, master bedroom on the 3rd level. Great mountain and city views from great room, master and balconies. Private attached garage. Intimate 12 unit condo community with green features, built in 2007. Walk to Cibo’s, Margaret T Hance Park, Japanese Friendship Garden, Dodge Theatre and Grand Ave galleries, bars and cafes.
This property is priced at half of what it last sold for.
Asking $200,000 subject to short sale approval.
For more information about this unit or to arrange a personal viewing, contact Lyle Plocher at 602 373 3725 or lyle@urbanconnectionrealty.com
Listing is courtesy of Power Realty Services
