Developers of the very soon to open W Hotel in Scottsdale, Triyar are offering 18 luxury condos on the top floor of the seven story hotel. Prices for the condos are starting at $1.2 million for 1,100 square feet, equaling out to a whopping $1,090 per square foot. The largest penthouses are 2,600 square feet and being offered around $3 million, equaling $1,144 per square foot.
The best way to rate condominiums in terms of the most expensive are not by the sale price, but rather the price per square foot, which is emphasized here. This being because these condos, if sold, will be the most expensive condominiums in the valley, on a per square foot basis. Across the street at Scottsdale Waterfront, the condominiums are larger on average, but slightly less on a per square foot basis at around $1000/SF. Similar prices can be found at Kierland’s new Plaza Lofts, where they range from $1050 to $1100 per square foot.
Whether these ultra-luxurious condominiums will sell quickly is an uncomfortable question. While every other high-end condo project out there is slightly less expensive than the W Residences, these 18 units come with the world class amenities of the W Hotel. Is it worth the extra money to say you live in the W?
For some it would be a definite yes, where they pleasure themselves on the endless list of room service offerings. Others might want a more relaxed environment than the hustle and bustle of a hotel. These 18 units are for a very specific buyer, whom hopefully Triyar and Starwood have found.
A model of a typical kitchen in the condos can be found at the W Hotel & Residences sales offices at 7373 E. Camelback Rd., a couple hundred feet east of the actual hotel. A full model is planned to open inside the hotel later this fall.
