Where The Affordable Lofts & Condos Are???

Condos available-- for a lofty price, from the Arizona
Republic Scottsdale, reports that Scottsdale's redevelopment boom the past
few years has brought several thousand new condominiums to the downtown
Scottsdale area, most with price tags of $500,000 and up. Sometimes, way up.
That has some citizens wondering where the affordable lofts and condos are
for people with normal means. Grace Communities is building the X Wine Lofts
northwest of Scottsdale and Osborn Roads. It will have 82 units and target
young buyers. Prices for the smallest 900 s.f. unit start at over $300,000,
with the larger units (2,100 s.f.) selling for up to $900,000. Urban Homes
Development Corp. plans to break ground in August on another 288-unit
project called Citro Camelback, at 78th Street and Camelback Road. Prices on
the first 96 units will start at $500,000. Even apartment dwellers are
getting squeezed out due to condo conversions and apartment being torn down.
The latest is the Orchidtree Apartments at 68th Street and Camelback, where
a large condo project is now planned.



http://www.azcentral.com/community/scottsdale/articles/0503sr-biz0504realest
ate-ON.html