Nine-Story Building North Of Tommy Bahama's...

Kierland lofts are luring buyers despite price tags, from the Arizona Republic, reports that the Plaza Lofts at Kierland Commons are more than half sold out on their next phase, consisting of 54 lofts, despite starting prices in the $700,000 price range. Daniel "Buzz" Gosnell, Woodbine president and Plaza Lofts dweller, states "I'm real comfortable with where we are in the condo market cycle", adding that fewer investors are in the market now, "which is good". Woodbine has a buy-back provision for the lofts that gives the developer the option of buying back any units for the original sales price if they are sold within the first year of completion. Two additional phases of homes are planned within Kierland Commons over the next few years. The preliminary plan is for another nine-story building north of the Tommy Bahama shop, with 30 condominiums of at least 3,000 square feet. A dozen three-story townhomes will be built in the final phase along the northern edge of Kierland Commons.

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