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16 W. Encanto Boulevard in Phoenix

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Year Built:
Additional Features:
pool, fitness center, BBQ

Tapestry on Central has quite the history. It started out as Willo Walk under a Canadian developer called United Properties. United Properties had a reputation for being a very good developer of commercial properties in that country. We later heard, and this is totally unsubstantiated, that the developer/individual who came to Phoenix was not the same guy that really made things work up north (supposedly there were two brothers one who really knew what he was doing and the other one who came down here). Anyway, problems at Willo Walk soon surfaced and construction came to a grinding halt soon. The property sat dormant for some time until Starpointe came along and bought the project, renamed it Tapestry on Central and ultimately completed it. Note: we understand the name Willo Walk since it was located right on the edge of the Willo Historic District but we don't know the reason for the name Tapestry. If you do, please explain below.

Tapestry on Central is a huge 280-unit brownstone, condo, town home / loft community on the northwest corner of Central Avenue and Encanto Boulevard, and sits right on top of one of the new light rail stops. Tapestry is super close to the financial district, central business corridor and minutes from Sky Harbor International Airport and government offices. With the Heard Museum just across the street and the Herberger Theater Center, Civic Plaza, new Convention Center, US Airways Arena and Chase Field a mile away the best of Phoenix lies at its doorstep.

There are two story brownstones on the ground floor, condo flats on the third and fourth, and two story "lofts" on the fifth and sixth floors. We find the finishes to be very blah but the floor plans aren't bad. So with a face lift you might have a winner here. And prices are down so with the right purchase you should be able to remodel and still be above water. We think that with the light rail coming overall this will be a smart place to live.

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