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
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