Completing The Scottsdale Waterfront Residences...

Shift toward downtown living slows, from the Arizona Republic, reports that Geoffrey Edmunds, who is completing the Scottsdale Waterfront Residences, said that the urban living trend will go through a tough period for the next 12 to 18 months. He said that builders would succeed only if they have all the right ingredients for urban condo projects, including great floorplans, interiors and the amenities of a four or five star hotel. "Not all these urban projects are going to be successful," he said. The Scottsdale Waterfront has sold all but five if its 198 condos for an average price of $1.15 million. Residents will start to move into the 13-story buildings in January.

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