WeKnowUrban.com
Kierland Landmark, North Scottsdale high rise condos Crystal Point: Phoenix high rise condos located at 1040 E Osborn Rd. Phoenix Arizona Phoenix Towers: High Rise co-op condominiums in Phoenix Arizona Orpheum Lofts: Phoenix high rise loft condos located at 114 W. Adams St., Phoenix Arizona Esplanade Place: Phoenix high rise loft and condos located in the heart of Phoenix Arizona

Loft & High Rise News
Updated August 12, 2006

Parkhouse 50 Frustrations Mounting
High-rise project moves slowly, buyer backs off

Kerry Fehr-Snyder
The Arizona Republic - Aug. 11, 2006 12:00 AM



Ahwatukee Foothills' first high-rise development in decades is months behind schedule and likely years away from reality.

Parkhouse 50, a residential, retail and commercial project near Interstate 10 and Chandler Boulevard, was supposed to have begun construction months ago, with initial phases of the project finishing in fall 2007, according to its own promotional materials.

But so far, the 35-acre site once owned by Wal-Mart Stores is a vacant lot. And at least one business owner interested in leasing space and buying one of the 55 luxury condos said he has given up on the project.

"They got all the permits and now nothing. Just crickets chirping," said Duncan Robertson, owner of Duncan Salon in Ahwatukee.

Robertson and his wife had wanted to relocate their salon to Parkhouse 50 and buy one of the development's lofts to save commuting from Maricopa, where the couple live.

Robertson said he has given up on that idea now.

"I call these guys, I e-mail these guys, and they never even get back to me," he said. "I don't think they know what they're doing, to tell you the truth."

Two of the project's principals, Anh Nguyen and Tom Piposar, didn't return calls seeking comment about the delays and referred questions to their spokeswoman, Linda Rosso.

"We may have a bit of a customer perception issue that needs to be cleared up," Rosso said of prospective condo buyers such as Robertson. She said she didn't know why his calls and e-mails haven't been answered.

Rosso said some of the project's delays have come because the developers underestimated the amount of time it would take to get city approval for various aspects of the project.

"Probably to be honest with you, we got a little bit ahead of ourselves," she said of announcing a 2006 construction start date and a 2007 opening.

The project's zoning attorney, Larry Lazarus, said the project is wending its way through Phoenix's development process.

"This project is going to take several years to get done," Lazarus said. "It takes time."

Six 8-story buildings are planned on the site.

The project won high-rise zoning approval in April, Lazarus said. City planners and the developers are still working on issues involving sewer lines, flood control, fire codes and other technical issues, Lazarus said.

The project is envisioned as an urban alternative to the bedroom community lifestyle of Ahwatukee. Rather than living in the community and driving elsewhere to work, residents would be able to live in the lofts, walk to their offices in the project, dine at restaurants during the day or night and buy groceries all without leaving the project.

If built, Parkhouse 50 would be Ahwatukee's first high-rise development in years. The Best Western Grace Inn at Elliot Road and 51st Street in the original part of Ahwatukee is 6 stories tall.

Artists' renderings of Parkhouse 50 depict an open plaza with outdoor restaurant seating and a grocery store with a farmers market-type setup. The project includes a total of 590,000 square feet of office space, retail shops and restaurants. The condos would range from 900 square feet to 3,600 square feet each.

"It's a wonderful project, but it's a complicated project, with retail, commercial, residential and open space. It's a big deal, it's not a small undertaking," Lazarus said.

Lazarus said he doesn't expect condo sales to begin for at least 12 to 18 months.

Among Robertson's frustrations is finding out the price of the condos.

"If you've got what they say is this immense, wonderful plan, you know what you're going to charge, what you're going to be asking," Robertson said. "I'm not even bothering thinking about it any more."
 

 

 Home  │  Loft & High Rise News
    

REMAX Excalibur Realty, Will Daly (Realtor) specializes in Lofts, High Rise, Brownstones, Row Houses located in Phoenix, Scottsdale, Tempe, Chandler, and Mesa.    Equal Opportunity, MLS, Realtor, High Rise Lofts in Phoenix, Scottsdale, Tempe.
© Will Daly 2006