Tempe TownLake and Condos, condos, condos...

Driving East bound on the 202, you look over at the lake and realize, oh man, where are all these buildings coming from...and what exactly are they? Don't fret...here's the deal: two housing developments are proposed for near Tempe Town Lake near the new Tempe Center for the Arts. Town Lake Villas would contain eight multimillion-dollar single-family homes ranging from 4,600 to 5,800 square feet with underground parking with space for at least four vehicles, elevators to the homes second floors and rooftop gardens with Jacuzzis. Next door, plans for more condos and townhomes are being proposed by Zacher Homes, who wants to build four condominium towers that could reach 25 stories. Preliminary plans show the "Residences at the Arts Park" would be on the northwestern corner of Roosevelt and First Street. Per an article in the AZ Republic, it was stated that "city officials said they expect the Town Lake Villas homes could cost up to $2 million. The developers behind the Residences at the Arts Park units say the condos will cost about $400 per square foot to build".

Cheers...
Uzi Husain, REALTOR(R)
Keller Williams Realty Professional Partners
WEB: http://www.UziHusain.com
"Consider UZIng a Professional for your next Real Estate Transaction"