W6thTempe luxury apartments

[Valley Native]

Originally Posted by Howard Roark

I saw the web site. Looks great. But for those who want peace and quiet, I think you have to look elsewhere. It will be full of students who have wealthy parents who can afford the high rent. Students...Parties...Ugh!

I know what you mean, but is the target market specifically students? I remember during the initial phase, the condo units were aimed toward wealthier investor types, business people, and even retirees. Of course, now they are going to be apartments instead of condos, but the rents will still be on the high side from what it sounds like.

Originally Posted by Java Jolt

Tempe is not the place for luxury highrise living, most college students around the Mill district are not rolling in the dough.

These towers should have been built in Scottsdale where the rich brats would feel more at home.

I agree about most students not being able to afford the high rents, but I really doubt if the new owners are trying to target ASU students first and foremost. As for Tempe not being a good location for highrises, I disagree. Tempe is landlocked, and the only way for the city to grow at this point is to build upward. I hope that more midrises & highrises are eventually constructed in Tempe and other Valley cities! We can't keep sprawling our way to supposed prosperity ... espeically if there is little room left to do so.

[observer53]

Originally Posted by Java Jolt

Even when the buildings are finished they will still be eyesores.

Tempe is not the place for luxury highrise living, most college students around the Mill district are not rolling in the dough.

These towers should have been built in Scottsdale where the rich brats would feel more at home.

They were not originally built for "rich brats" (college students). Had the lender not gone under, and the economy not gone south, that development might have served its original purpose.

Actually, the newer apartments for college students, like Grigio and the Domain, are way higher end than what we've seen students living in in the past.

Those buildings would never have been built in Scottsdale. At least not that size.

[Java Jolt]

Originally Posted by observer53

They were not originally built for "rich brats" (college students). Had the lender not gone under, and the economy not gone south, that development might have served its original purpose.

Actually, the newer apartments for college students, like Grigio and the Domain, are way higher end than what we've seen students living in in the past.

Those buildings would never have been built in Scottsdale. At least not that size.

When I think of the budgets of the majority of college students luxury rentals don't come to mind, I think of dormitory-sized apartments with just the basics.

I could be wrong but I just can't picture a large number of ASU students living the highlife.

The few that do might fit in better in Scottsdale, that's why I suggested these towers should have been built there instead of Tempe.

[observer53]

Originally Posted by Java Jolt

When I think of the budgets of the majority of college students luxury rentals don't come to mind, I think of dormitory-sized apartments with just the basics.

I could be wrong but I just can't picture a large number of ASU students living the highlife.

The few that do might fit in better in Scottsdale, that's why I suggested these towers should have been built there instead of Tempe.

But, my point in the prior post is that those towers were NOT built for students. Good idea or not, they were built as high rise condos, marketing primarily to other than students --whether that was ill advised is kind of beside the point, now, there was certainly some very real opposition to that sort of development when it was proposed. The new owners have shifted the condos to apartments, and marketing to students, to get them occupied.

True that the majority are not looking for that kind of place (although many of the new luxury apts designed for students are also designed for several roommates if they want to go that route), they wouldn't build places like the Domain and the two Grigios if there were no market for them.

[Valley Native]

Originally Posted by observer53

But, my point in the prior post is that those towers were NOT built for students. Good idea or not, they were built as high rise condos, marketing primarily to other than students --whether that was ill advised is kind of beside the point, now, there was certainly some very real opposition to that sort of development when it was proposed. The new owners have shifted the condos to apartments, and marketing to students, to get them occupied.

True that the majority are not looking for that kind of place (although many of the new luxury apts designed for students are also designed for several roommates if they want to go that route), they wouldn't build places like the Domain and the two Grigios if there were no market for them.

Yes, and what many people are forgetting is there was demand for higher end living when the housing market was in its boom period five + years ago ... that's why more structures like these have been built. Even now, more people are wanting to live closer to urban cores and drive less. And with Tempe being landlocked, there really isn't a whole lot of vacant land to build upon, so the only way for a city like Tempe to grow further at this point would be vertical.