615 E. Weber Drive, Tempe, AZ, 85281
From 2004-2006, a number of conventional home builders decided to enter into the urban residential market. Sotelo was to be Dallas based Trammel Crow's entry into Phoenix / Tempe urban living. The Sotelo concept was good with great style and design, a decent location in north Tempe at College and Curry, across the street from the 1200 acre Papago Park and a short bike ride from Mill Avenue, a great clubhouse, fitness center, heated pool and spa, and underground parking. Unfortunately timing was bad with construction beginning in 2006, pretty much the start of our real estate melt down. After completing only two of the planned four buildings, Trammel Crow defaulted on its $38.8M construction loan with Fremont Investment and Loan and everything came to a screeching halt.
In 2009 iStar Financial out of Los Angeles bought the note from Fremont, ultimately acquired Sotelo itself and are now renting the condominiums out as apartments.
Interior finishes include granite slab counter tops in kitchen, bath, and bath/shower surrounds. All new appliances, wood cabinetry in kitchen and bath. Upgrades include two-tone paint, porcelain tile, top of the line carpet, and stainless appliances.
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I like living here except that I can hear the people above me all the time. I dont think insulation is good and the cielings are thin. PLUS Sotelo failed to tell us that the apartments were in the direct flight path of the airport. I can hear roaring loud planes from 5am until 1am every day. I cant even have my windows open ever because of the noise the planes cause. I want out of my lease because of it and I now would have to pay about 5K to break it. So I am going to have to wear earplugs for the rest of the lease. $1350 a month is way too much for this inconvenience. Renters beware the planes. Sotelo said it is not their duty to warn you so I am. Plus they told us gas was included for the first 6 months and they meant to say Community Gas. A $90 fee after the 6 months. What a rip off.
1br - 897 sf for $972/mo
2br - 1221+ sf for $1238 to 1352/mo
2br/den - 1497+ sf for $1490 to 1879/mo