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One Lexington

1 E Lexington Avenue in Phoenix

Will Daly
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Year Built:
Modern High Rise
secured above ground garage
HOA Name:
HOA Fees:
.53+/- sqft/mo
Additional Features:
secure access, heated pool, spa, fitness center, resident club room, on-site concierge, pet-run, SUPER access to light rail

Phoenix High Rise Condos: One Lexington (formerly known as Century Plaza) is a new build seventeen story modern luxury high rise residential condo development in the heart of Phoenix Midtown. It's located on Central Avenue just one building south of Osborn Road. The light rail stop at Osborn Road is truly right outside the front door, making downtown Phoenix and Tempe very accessible to One Lexington / Century Plaza owners and renters.

One Lexington / Century Plaza was originally a high rise office tower built in 1974, and an ugly one at that. In 2005 Equus development stripped and gutted and converted it into high rise condominiums. Unfortunately about half way through the construction or conversion of the building Equus decided to add penthouse condos to the roof which required massive changes (e.g. moving water chillers from the roof to the ground and extending the passenger elevators beyond the roof level) and ultimately delayed delivery of the condos to market by at least an additional year, well into the real estate bust. With the bust came wholesale cancellation (or non-performance) on purchase contracts resulting in all but approximately 15 buyers "dropping out" and leaving the developer holding the bag. Ultimately Equus went under and the construction lender, M&I Bank, sold the remaining 130 condos to a Canadian Company called Macdonald Development Corporation for an undisclosed amount. It is our understanding that the original loan amount was for approximately $70M, was written down to $39.9M by M±I, which later attempted to find a buyer for $20M plus. It will be interesting to learn how much Macdonald ultimately paid.

On February 8, 2010, MacDonald renamed Century Plaza, One Lexington with, we assume, the intention of restarting sales shortly thereafter.

Floor plans range from 734 square foot one bedroom flats to large 2600 square foot luxury penthouses. The developers did a nice job with the floor plans in that they are open and flow well. Most bedrooms are a good useable size, closet space in most floor plans is good, the standard interior finishes are pretty decent, and eight foot interior doors add to the spacious feel. Also, the ceiling heights are almost eleven feet and have exposed conduit and duct work to give that loft condo feel. The tower is skinned with beautiful new aqua colored glass and aluminum colored frames for a very unique and fresh look and every condo has it's own balcony with tremendous views (more on that later). We like the style a lot. NOTE: I really wish they had painted the interior ceilings and ductwork white or off-white or light gray vs the dark brown they used. A lighter color would make the ceilings seem even higher and won't show dust as much. See the ceilings in the fitness center to get an idea of what I'm talking about.

One Lexington / Century Plaza amenities include a large fitness center that is actually useable (so many buildings today offer no more than a few mediocre machines; just enough to advertise "fitness center"), a really wonderful large swimming pool, a beautiful lobby and main entrance, retail on the first floor, public parking on the ground level with secure resident parking on the second, third and fourth floors with a private secure resident pedestrian entrance at the second floor of the high rise tower, a high tech retinal scanner security system, concierge, and a central hot water system for the condos.


Because the building was originally constructed thirty years ago it has less of a "set-back" meaning that it sits closer to Central Avenue than all the newer buildings in the area. So what right? Well, because the building sits closer to Central Avenue you get phenominal views up and down Central Avenue; you're not looking into other buildings because they are set back further from the street. There's no way to fully explain this with words, so you got to go check it out. But really it almost feels like you're floating above Central Avenue looking right up and down the street. I know Phoenix is tiny compared to big vertical cities like Chicago and New York but when you're standing on an upper floor looking north or south along Central Avenue it really seems like you're in a much more dense vertical city. Anyway, check out some of our photos to the right and then give us a call and we'll give you the grand tour.

ARCHIVE: Century Plaza has sure had it's share of construction delays. If we remember right Sales had told people to expect delivery in late 2006 but as of June 2008 it still is not finished. Best guestimates now are that upper floor condos will be delivered to their new owners within another thirty days or less.

Hooray! Here are active listings

For Sale
Unit 1602

One Lexington

Truly incredible Penthouse condo on the 16th and 17th floors and Southeast corner of One Lexington. Soaring 20 foot ceilings with unmatched views of the Phoenix Mountain Preserve, Camelback Mountain and across the whole Valley. Walls of glass retract on both sides of the living room opening the indoor living to a huge nearly 900 sf wrap around deck. Master suites on both the main and upper levels of the home along with a fantastic media room/loft on the upper level. Fantastic modern finishes and details throughout the home. This home has 4 reserved parking spaces and access to all of the fantastic One Lexington amenities including a large fitness center, pool and spa areas. Located just across the street from the redeveloping Park Central, new Creighton Medical School and so much more!
2 Bed 2.5 Bath 4 Garage
For Sale
Unit 208

One Lexington

Welcome to your beautiful one bedroom condo at One Lexington! The unique oversized floor plan boasts 12' ceilings, floor-to-ceiling windows, exposed duct work, Italian cabinets, Travertine flooring throughout, Stainless steel appliances and front load W/D. This South facing orientation has excellent City Light Views from the large expanse of windows. Concrete and steel construction offering excellent sound abatement. The monthly HOA includes A/C, Heat and Water. Community amenities include Concierge, Secured Entrance and Garage, Elevators to all floors, Fitness Center, Salt Water Pool, Spa and even a Dog Washing Station! This residence includes 2 parking spaces, located on a rail stop with easy access to everything midtown and downtown has to offer! FAQ in Documents tab.
1 Bed 1 Bath 2 Garage
For Sale
Unit 1606

One Lexington

The most stylish and sophisticated penthouse in the Valley, bar none. When purchased brand new, this property was completely gutted, reimagined and rebuilt under the skilled vision of Tennen Studio and the precision execution of Tennen Construction. With 22 foot vaulted ceilings in the great room of this corner Penthouse and floor to ceiling glass and retractable doors, it is unlike anything that has ever been created in Arizona. Over 2800 sf of interiors opening to over 1200 sf of patios wrapping the home. Impeccable materials include expansive bulthaup cabinetry, Gaggenau appliances, solid French Oak flooring, walk-in pantry, motorized shades, marble baths with inset LED lighting, Savant home automation and exterior landscaping that includes large mature trees. Truly Extraordinary!!
2 Bed 2.5 Bath 4 Garage
For Sale
Unit 1403

One Lexington

An oasis in the city with million dollar views from the corner unit of the 14th floor of One Lexington, the premier luxury high rise community in downtown Phoenix. This loft style unit is spacious and bright with a modern finishes. Floor to ceiling windows create dramatic views of the downtown city scape, the lush greenery of Phoenix Country Club, picturesque Camelback and the surrounding mountain views to the North, East and South. The kitchen opens onto the main living space with custom cabinetry, stainless steel appliances and amble storage space. The master bedroom includes a desk space and spa like bath with dual vanities, a soak tub, walk in shower and roomy closet space. Amenities include front desk staff, a heated resort style pool and spa, built in outdoor grills
2 Bed 2 Bath 2 Garage
6 Month Sales History
$270,000 – $525,000
6 Month HOA History
$455 – $844
Walkability Rating

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