Summit at Copper Square High Rise Condominiums

Summit at Copper Square was the first modern high rise condominium built in downtown Phoenix (It's the 22 story yellow, blue and burnt orange high rise at 4th Street and Jackson, you can't miss it!).

Condos range in size from 898 sq. ft. to 1500 sq. ft. with 1 bed/1.5 bath to 2 bed + 3 baths. It has modern lines, bold contemporary colors, great floor plans and a fun location.  The high rise condominiums in the twenty two story Summit at Copper were developed by W Developments (also developing Omega High Rise Condominiums, downtown Phoenix) and built by Weitz Construction.

Summit at Copper Square has 165 units of luxury high rise condominiums and lofts. It was originally billed as the tallest tower of residential high rise condominiums in metro Phoenix, but that honor will soon be taken from Summit at Copper Square once Centerpoint High Rise Condominiums in Tempe and 44 Monroe High Rise Condominiums in Downtown Phoenix are completed. Nonetheless, Summit at Copper Square offers magnificent views of midtown and downtown Phoenix, the South Valley, and distant views of the north and east Valley. Frankly, we think that Summit at Copper Square offers better views than either of the two high rise condominium towers mentioned above although her views pale in comparison to the views at Crystal Point High Rise Condominiums.

There are seven condos on the fifth floor (sharing the floor with the pool, fitness center, meeting room/lounge, and terrace), ten high rise condominiums on floors six through nineteen, and six Penthouse condos on each of floors twenty, twenty one and twenty two. Floors one through four house the parking garage and the front entrance to Summit at Copper Square.

NOTICE: there is something very unique about the parking at Summit at Copper Square; be sure to ask a WeKnowUrban agent about it!

There are many condos on the resale market at Summit at Copper Square and approximately twenty still offered by the developer. The high rise condominiums advertised for sale on the MLS range from the low $300k's to over $1.2 million (average of $470/square foot). In 2005 we first reported prices for Summit at Copper Square to be $415/square foot. So, prices have really appreciated right? Perhaps not. The vast majority of sales at Summit at Copper Square took place in 2004 and 2005, you know, during the downtown Phoenix real estate boom. We believe that 30 to 50% of Summit at Copper Square condos went to investors. If so, then price increases were due to speculation and may not hold up on the resale market. If this is the case then we expect to see downward pressure on prices as these high rise condominiums are delivered to their buyers. CALL US FOR MORE INFORMATION BEFORE BUYING.

IF YOU’RE LOOKING TO RENT THERE ARE SOME GREAT OPPORTUNITIES IN THIS BUILDING; CALL US FOR DETAILS.

Finishes

The Summit at Copper Square condo finishes include hardwood floors at front entry, living room, kitchen and hall ways, raised panel solid core wood front doors, brushed chrome hardware, and more. The kitchens have 42” maple cabinets with Airmatic glides (they don’t slam), slab granite counter tops, 4” back splash, Kohler brand double bowl sink and faucet. Bathrooms feature maple cabinets, slab granite countertops, undermount sinks, 12” marble tile floors, Kholer toilets, sinks, tub, and fixtures. The marketing material originally written by or for the developer likened the master bathrooms at Summit at Copper Square to those found in five star hotels. We don’t quite agree with the comparison but we really do like the finishes in these downtown Phoenix high rise condominiums.

Building Amenities

Amenities at Summit at Copper Square include a concierge Monday through Friday, doorman, controlled building access, three passenger elevators, a heated zero edge swimming pool, spa, fitness center locker rooms and saunas, and meeting room on the fifth floor. The twenty third floor of Summit at Copper Square houses a party room/lounge on the twenty third floor roof top.

The Area

Summit at Copper Square is right next door to Chase Field (home to our beloved Arizona Diamondbacks) and US Airways Arena (home to our prized Phoenix Suns). It’s an easy two block walk from Summit at Copper Square to the new Light Rail stop at 3rd Street and Jefferson and about the same distance to the heart of the new entertainment district. Many of the high rise condominiums in Summit at Copper Square will have great views of the proposed City Scape, just minutes (by foot) away.

Summit at Copper Square is near (walking distance):

• Orpheum Theater

• Herberger Theater

• Dodge Theater

• Downtown Phoenix Convention Center

• local artist studios/galleries

• Arizona Science Center

• Phoenix Symphony Hall

• Arizona Center (shopping, dining, and AMC movie theater)

• Children’s Museum of Phoenix

Don’t forget that the area also hosts:

• Translational Genomics Research Institute (a.k.a. T-Gen)

• Phoenix City Hall

• Downtown Phoenix ASU campus

• Downtown Phoenix U of A campus

• Downtown Phoenix employers

All of the above makes the area in and around Summit at Copper Square a truly great place to live and we believe that the investment in the area will contribute to price support and long term appreciation of the high rise condominium prices at Summit at Copper Square.

Summit at Copper Square Home Owner Association Fees

Current sellers and real estate agents of Summit at Copper Square condos are advertising HOA fees from $.22 to .37 per square foot per month (i.e. the fee for a 1200 square foot high rise condominium would be anywhere from $264 to 444 per month). Note: a rate of $.22 is TOTALLY unrealistic. Count on fees at Summit at Copper Square to be $.37 per square foot or greater.

If you are considering buying or selling a condo in Summit at Copper Square or any other Downtown Phoenix High Rise condominium, call us. We know what's for sale, which high rise condominiums are hot and which are not, and we know where the deals are.