Condo Project Planned for Blighted Area of Tempe...

10-story condo project planned for blighted area of Tempe, from the Arizona Republic, reports that a 10-story condo project may be built along a stretch of Apache Blvd. that staddles the Loop 101. The development, named Tempe Union Station Lofts, would be the first upscale, private development in the area in years. The development still needs to go before the city's Planning and Zoning Commission and City Council for approvals. The Lofts are hoping to cash in on middle-income folks who will be lured by easy access to two light-rail stops and the Loop 101 freeway, only a half-mile away. "Light rail is going to change the perception of how people get around," said Steve Barduson, the projects architect. The new buildings, one ten stories and one five, would include more than 400 condos, underground parking and retail with space for a restaurant. The design will be aimed at recent college graduates, baby boomers in the market for a second home, and anyone else looking to shun suburbia for an urban lifestyle, Barduson said.

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