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.
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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.