Prime location, desirable amenities and affordable price points fuel sales
Scottsdale, Ariz. – WestStone Communities, one of the top three multi-family residential developers in Arizona, today announced strong sales at Onyx Tower, the highly anticipated 26-story, 196-unit luxury condominium high-rise on Tempe Town Lake. Over 25 percent of the units were sold in the first week.
Although single-family residential sales have slowed in today’s real estate market, interest in multi-family developments remains high. “The impressive sales of Onyx condos are directly related to its desirable location on Tempe Town Lake, which exemplifies the best in urban living with breathtaking views,” says Marilyn Pfaff, WestStone’s director of sales and marketing. “It is no surprise that buyers and investors are responding to this incredible, affordable homeownership opportunity. It combines a prime location with the best amenities and standard features at very attractive prices.”
Onyx Tower evokes a sophisticated urban lifestyle with spacious floor plans featuring lavish standard upgrades and dramatic floor-to-ceiling windows throughout. The unique one- to three-bedroom condominiums boast the latest in contemporary urban design throughout, including European-inspired kitchens with rift-cut, horizontal-grain solid oak cabinets, solid glass backsplashes and quartz countertops. Each residence includes a built-in bar or wet bar and a hand-cast concrete fireplace.
Luxury amenities will include:
· An infinity-edge pool with fire pit
· Sky lounge on the tower’s 15th and 16th floors
· 10-seat movie theater
· Fitness center with steam room
· Billiards room
· High-tech library
· A rooftop heated lap pool with unimpeded lake views
“With prices starting in the low $300,000s, buyers will be getting an incredible value,” said Pfaff. “Normally, one would expect to pay considerably more for such well-appointed space. We include many standard features that other builders offer as expensive upgrades. Because it is currently the tallest tower under development on Tempe Town Lake – the lake, golf course and city views will be truly spectacular.”
The 196-unit Onyx Tower will be situated on the north shore of a site along Playa Del Norte Drive and Rural Road, near Loop 202. The tower is scheduled to break ground in the fourth quarter 2007, with completion expected in the fourth quarter 2009.
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