Condo Tower Proposed For Tempe Town Lake...

Condo tower proposed for Town Lake, from the Arizona Republic, reports that the WestStone Group of Companies is proposing a 22-story condo tower on the north shore of Tempe Town Lake. The development, tentatively called Onyx, would be near Scottsdale Road and the Loop 202. There are two similar projects already underway in that area, including a 137-unit condo development called Northshore. WestStone expects to submit formal plans to the city of Tempe in a few weeks. The project would have about 200 units, including townhomes and condos, and would sell from $400,000 to $500,000. The condo tower would be 220 to 230 feet tall. The Town Lake is a hot commodity, and developers are pursuing more condos, said Chris Anaradian, Tempe development services manager. Suncor Development Co. may also inject more condos into its current complex of office space, condo towers and shops near Mill Ave. and Rio Salado Blvd.



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