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480-510-8755

One Lexington

1 E Lexington Avenue in Phoenix

Will Daly
480-510-8755
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Year Built:
2008
Architecture:
Modern High Rise
Bedrooms:
1-3
Parking:
secured above ground garage
HOA Name:
AAM
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.

THE VIEWS!

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 403
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One Lexington

Downtown living at it's finest! Close to the Rail, restaurants, and amazing night life! City life at it's best!Tall floor to ceiling windows, and incredible views of the city with stunning mountain views to the North and guest bedroom faces down to the pool area. Added bonus is 2 garage spaces and 2 storage lockers.Disregard days on market, as there was a tenant in place & taken off the market temporarily.Fitness center/yoga, spa and concierge service that add to the allure! Front desk Concierge.
$545,000
2 Bed 2 Bath 2 Garage
For Sale
Unit 801
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One Lexington

Come see this luxury 8th floor loft-style condo with expresso stained bamboo hard-wood floors and wall to wall, floor to ceiling low-E windows. You will find a beautiful open-floor plan with lots of natural sunlight and spectacular mountain and city views not only from your balcony but the bedroom as well. The kitchen features SS appliances, Italian cabinetry, white Caesar-Stone counters, a breakfast bar and custom lighting. The master bedroom has a private bath w/dual sinks, separate shower and tub and a spacious walk-in closet. Additional features include an office niche, storage cage w/in the building and two covered parking spaces in the garage. For your pleasure there is a lounge area, a fitness center, yoga, concierge service, pool and spa. HOA covers utilities. Light rail access.
$480,000
2 Bed 2 Bath 2 Garage
For Sale
Unit 601
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One Lexington

Luxury high rise living at 1 East Lexington. Rare 2-bedroom home has SEPARATE BUILT-IN OFFICE SPACE, so no need to sacrifice a bedroom. NO SHARED WALLS with other condos. Home is bordered by the hall, elevator bank and secure storage area, all climate-controlled spaces for LOW UTILITY BILLS. Space-maximizing design includes large kitchen, master bath and master closet. Stunning city and mountain VIEWS via floor-to-ceiling windows in the main living space and both bedrooms. Balcony overlooks the fabulous pool area with spa, cabanas, beautiful mature palms, a feature fountain and an outdoor barbecue/party area. Amenities include business hour concierge service, security, a beautiful lobby, indoor party room, 24/7 fitness center and comfort lounge right off the lobby.
$499,000
2 Bed 2 Bath 2 Garage
For Sale
Unit 1402
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One Lexington

Luxury high rise 2 bedroom / 2 bath condo located at prestigious 1 East Lexington on the 14th floor. Located in desirable Uptown Phoenix, steps from the light rail in the heart of Phoenix just off Central Avenue. This unit is beautiful with upgraded kitchen cabinets, quartz counter tops and real wood floors plus carpet in the bedrooms. This property is beautiful with fresh paint and designer touches. Breathtaking city and mountain views with floor to ceiling windows and roller solar shades. The amenities are endless; concierge, garage parking, resort style pool, BBQ, and cabanas, 24 hour gym, yoga room, clubhouse with full kitchen plus secured entry & storage. Easy access to restaurants & entertainment.
$545,000
2 Bed 2 Bath 2 Garage
6 Month Sales History
$345,000 – $510,000
6 Month HOA History
$477 – $844
Walkability Rating

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