February 28, 2010 – 3:02 pm
We are constantly working hard to improve our website but unfortunately sometimes these changes interrupt our service. Currently, but hopefully for another hour or less, our high rise and loft condo rental pages is down. However, once the page is up again, you can expect faster load times, sortable fields (e.g. sort by price, number of bedrooms, specific urban communities, etc…) and more. So, thanks for your patience and we hope you love the changes!
February 12, 2010 – 10:42 pm
Construction of unfinished condos at the newly renamed One Lexington (formerly Century Plaza Condominiums) high rise condo building in midtown Phoenix is moving along. Work began on the thirteenth floor about two months ago and has progressed to lower floors since then. At the rate things are going we believe that condos will be ready to go to market within thirty days or so but we will see. Additionally, the lobby and common areas are getting a face lift to offer a “more sophisticated” feel. We really liked the look before so we are expecting a fantastic product when the work is completed.
For more information on sales at One Lexington shoot us an email (OneLexington@WeKnowUrban.com) or give us a ring at (480) 510-8755 ext. 1
February 10, 2010 – 10:04 pm
Well, we scooped The Phoenix Business Journal with the news that the building formerly known as Century Plaza got a new name. However, I misreported the new name. It is One Lexington NOT One Lexington Place as I mistakenly wrote yesterday.
The Business Journal did go public with expected starting prices for the soon to be re-released condominiums. Reportedly prices will start at $165,000 for a one bedroom condo with approximately 734 square feet. Of course expect prices to go up from there based on floor plan AND the floor on which the condo is located (i.e. higher floors get higher prices).
Stay tuned as lots more information is soon to be released…..
February 9, 2010 – 6:46 pm
You may have read last week that Century Plaza, the once failing high-rise condo building in midtown Phoenix, had turned a major corner when Macdonald Development Corporation purchased the remaining 130 condominiums from M&I Bank. With the purchase we told you to expect a new infusion of cash and condos offered at significantly reduced prices.
For at least the last year, multiple investment groups from around the world analyzed the building to determine if it was a “good buy” or not. Many of these investors, including Robert Macdonald of Macdonald Development Corporation, came to us at We Know Urban Realty for our expertise in the high-rise condo market to ”pick our brains.” Several of the front-runners in the bidding process said that if they were to buy the building that they expected to sell one bedroom condos starting in the mid- $100k range with two bedroom condos starting in the high $100k’s. It will be interesting to see at what price Macdonald ultimately offers the condos.
A very stong hint that the condos will soon “come to market” is the change today of the signage at the building and the addition of new sales banners. As of today, Century Plaza will no longer be called Century Plaza but rather by its new name, One Lexington. If you drive by, in addition to the new One Lexington signage you will see banners announcing new ownership and “reduced” pricing for condos. It is my guess that the new owner will want to hit the ground running and begin sales soon. So stay tuned here for new announcements etc…
Also, please know that if you buy a One Lexington condominium using a We Know Urban Realty agent, that we offer discounts applied at closing (talk to one of our agents for details as limitations and terms do apply).
So, before talking to an agent who works directly and exclusively for the developer, give us a call. You’ll get “cleaner” information from us, since we’ll represent you and not the developer PLUS we’ll give you a discount that the developer’s agent won’t offer you. As always, for additional information call (480) 510-8755 and follow the prompts.
February 8, 2010 – 11:54 am
We Know Urban Realty is asking visitors to “review” our web site by visiting one (or several) “comment oriented” web sites.
We’re often told that WeKnowUrban.com is unique and unlike other real estate web sites….good right? However, we’d like to hear more specifics.
- Do you find the site useful for your high-rise or loft condo search?
- Do you find the blog posts to contain relevant and helpful information?
- Is the site easy to use?
- What would you like to see us add to it?
- What would you do differently and/or what do you like?
We have several upgrades planned for the year but I’m always looking for new ideas. So, if you have any…please share.
Doing so is super easy. Just visit the home page of We Know Urban Realty and look for the comment area (pictured below) in the far right-hand corner of the screen.
Click one or all the links (i.e. Google, Yahoo!, Kudzu, or Yelp) and read what others have written or be the first to write your comments. In the cases of Google, Yahoo and Yelp you must for a free account if you don’t already have one. However, in all cases the registration process only takes a couple minutes and you might find that you really enjoy reading what other folks have to say about not only real estate services and web sites but also restaurants and bars etc… My wife and I use Yelp quite often to find great new places to eat. So please do WKU a favor and Yelp at us! 
February 2, 2010 – 7:46 am
The remaining 130 condominiums at Century Plaza are finally out of limbo (foreclosure) and are coming back to the market in the near future at significantly lower prices. We can’t release those prices yet but suffice it to say that they will again “make sense” and should result in tremendous sales activity even in today’s real estate market.
Will Daly, Broker for We Know Urban Realty claims to have always been a big fan of the building itself but unfortunately it came ”too late to the game.” Daly said, ”We at We Know Urban Realty have always loved the building, it’s location, the floor plans, the finishes and the amenities. The only problem was that it was built very late in the real estate cycle; too late. Because of this almost every “buyer” backed out leaving the building crippled financially”. With the infusion of new cash from Macdonald Development (the new owner) the building again “makes a lot of sense” and should sell well.
Macdonald Development is remodeling the front lobby, making it even fresher than it already is, and has restarted construction on the remaining units, getting them ready for market.
For more information on Century Plaza and how to buy one of these hot properties contact We Know Urban Realty, we have our finger on the pulse of what’s going on. (480) 510-8755 or centuryplaza@weknowurban.com
