Merrion Square on University and Beck in Tempe was a great concept from the get go. 8 upscale live/work condos with retail on the ground floor and two stories of livable space above. I remember prices being high back in 2006 when construction started but had been told 4 of the 8 were under contract to purchase. Since that time construction had been proceeding at a relativley slow pace. Now it looks like the project is finished off and the pending sales have been canceled. The building stands for sale as a single property. None of the 8 live/work homes will be offered by the developer for individual sale. Asking price for the builiding–$2.85M.
It’s a shame to see that Merrion Square didn’t get the sales it needed to be completed as planned. Live/work is catching on in Tempe and the locals seem to love the idea of independant owners opening small businesses on the streetscape. University Drive has a ton of vehicle and pedestrian traffic and Merrion Square seems like a great location for business. Hopefully it will get sold and businesses/residents will start moving in.
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