44 Monroe

44 W. Monroe Street, Phoenix, AZ, 85003

44 Monroe is a 34 story, 202 unit, high rise condominium tower just off the heart of Downtown Phoenix. It's located at the corner of 1st Avenue and Monroe with the south bound light rail line running right outside it's front door. 44 Monroe is literally a block from the refurbished and beautiful Orpheum Theater, an easy walk from both the Herberger and Dodge Theaters, a rickshaw ride from both Chase Baseball Field and the United Airlines Arena (home to the Phoenix Suns) and everything else that Downtown Phoenix has to offer.

The pool, spa, large community terrace and sundeck, fitness center, business center, community center and conference rooms are all located on the eighth floor and offer a great view of the surrounding buildings.

The ground floor of 44 Monroe is reserved for a gourmet market for groceries, wine and other necessities. Construction began November 2005 and the first condo owners should be taking possession of their homes in third quarter of 2008.

Each of the 202 condominiums have upgraded SmartHome technology and every condo owner should enjoy a fantastic mountain or city-scape view. Standard features in the condominiums include 18 x 18 inch Travertine Stone at the entries and kitchens, 16 x 16 inch slate porcelain in the bathrooms, granite countertops in kitchens, PRIVATE BALCONIES, with square footages ranging from 975 to 4,400.

The developer is Grace Communities. The architect was Tucker Sadler of San Diego. The builder is Weitz Company.

If you would like to learn more, see floor plans or a site map, or tour the site, give us a call or shoot us an e-mail and we’ll take care of you.

WRITE A REVIEW.

Ask general questions or tell us what you love or hate about 44 Monroe here; it's quick and easy.

Do NOT ask for specific real estate help here as our agents won't see your request for days. For quick responses use the "Reach Our Agents FAST!" button at the top right of this page.

Post this page to:

Comments

I have asked your telemarketers to stop calling my home. Yet I still get at least one call a day. I dont live in AZ so why would I want to by a condo there. I have filed a complaint with the National Do Not Call Registry and if the calls continue I will sue you for harrasment. Your sales tactics are less than desireable. Do Not Email me either!

#18 - Amy - 09/01/2010 - 17:19

Resident

Anyone have any update as to when units in 44 Monroe will be available to the public or will be priced? Thanks!

#17 - Tom Matthews - 08/14/2010 - 11:20

Owner of WeKnowUrban

In Fall of 2009, Starwood purchased the note secured by 44 Monroe. Late May 2010, Starwood successfully took ownership of the high rise itself. We have heard two different prices for the asset, $10M and also $20M. If the $10M number is correct then they got a really great deal at $54,000 per condominium. This leads me to believe that the price was the larger number of $20M.

Its our understanding that the new owner intends to sell, not rent, the properties. We have not heard any sales prices yet but I'd expect them to be about 50% of what they were originally. If I'm right then we might see prices in the very very high $100k's for one bedroom condos and very high $200k's or low $300k's for two bedroom condos. Such prices would be competitive with condos at One Lexington.

Prior to the previous developer going under, HOA prices were $.52 per square foot which included satellite television, high-speed internet, local and long distance phone service, and chilled water for air conditioning. We don't know what the fees will be when sales start up again but I suspect that they will be very similar.

If you are interested in seeing 44 Monroe now, before the sales office is open and before the public can see it, then give us a call at (480) 510-8755 Ext 1. Our offer is for clients of We Know Urban Realty only.

#16 - Will Daly - 07/05/2010 - 11:53

Owner of WeKnowUrban

Below, Roger states that an HOA rate of .52 is 'way out of whack'. I don't agree. Do some research for HOA fees for high rise buildings anywhere in the country and you'll find that these fees are very competitive for what you get. Unfortunately, high rise condo buildings are expensive to maintain. Think about it. There's a major chiller system, multiple elevators, staff to clean the hallways, lobby and garage, security doors at the garage, industrial sized pumps to pump water up to the upper floors, a very sophisticated fire suppression system, not to mention that cleaning the windows is no easy task. Heck, even cleaning the pool would cost more because whoever does it has to enter the building, ride an elevator up to the seventh floor, etc... it just takes longer. Anyway, PLEASE UNDERSTAND THAT I AM NOT DEFENDING THE DEVELOPER OR THE BUILDING. I am just trying to give our readers some perspective on why high rise condo fees cost more than regular condos. If you doubt me, think about this; HOA are ultimately governed by the homeowners themselves. What incentive would they have to waste their own money or overcharge themselves?

#15 - Will Daly - 07/05/2010 - 11:52

Damn

52 cents a square foot HOA fee? How do companies justify this, most owners could't afford it. So for a moderately sized 1400 square foot 2bd/2ba condo, this is going to cost me $728.00 a MONTH in HOA?!?!? For probably about what, 250.00 a month in actual value. People can't waist money these days and in this economy on significantly overpriced HOA fee's. Its too bad, the building is outstanding, but the HOA's are way out of whack.

#14 - Roger Wellington - 07/05/2010 - 11:04

Start Previous Page

Name

E-mail (Will not appear online)

Homepage

Title

Comment

To prevent automated Bots form spamming, please enter the text you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly.

This comment form is powered by GentleSource Comment Script. It can be included in PHP or HTML files and allows visitors to leave comments on the website.