Proposed new high-rise mixed-use tower in Tempe! (condos, luxury)

[observer53]

Originally Posted by goolsbyjazz

I actually hope this project goes through. I like the proposal and believe it will be a nice addition.

Frankly, I am not crazy about a high density development, with a high rise, in that area, which is already congested. I'd rather see it out along the lake, too, especially if it's not intended as attracting students, but "young professionals" or however they phrased it. But, my opinion doesn't mean much.

[observer53]

Originally Posted by exit2lef

The highest densities should be concentrated near light rail, which runs right along the north side of the ASU Tempe Campus and near the site of this proposed development. The area along the lake is more distant from transit and therefore a less obvious candidate for high density development.

Well, when the streetcar is done, that will tie that whole Marina Heights/lakefront area to the light rail.

[exit2lef]

Originally Posted by observer53

Well, when the streetcar is done, that will tie that whole Marina Heights/lakefront area to the light rail.

Good point, but to me that's an argument in favor of higher densities in both places.

[observer53]

Originally Posted by exit2lef

Good point, but to me that's an argument in favor of higher densities in both places.

The density in that area is already pretty high. A lot more room to operate along the lakefront. Driving along University will, of course, be more of a nightmare than it already is. All those young professionals are not going to rely solely on mass transit. They still have to get to a grocery store.

[The_Cadillac_Lawyer]

Meh, more uber expensive condo's that its nearby residents can't afford to live in anyway.

[observer53]

Originally Posted by The_Cadillac_Lawyer

Meh, more uber expensive condo's that its nearby residents can't afford to live in anyway.

Well, I don't think they've posted anything about prices. This isn't the Brickyard. I'm sure it will attract residents, whether they are people who already live nearby or not doesn't matter.

[The_Cadillac_Lawyer]

Originally Posted by observer53

Well, I don't think they've posted anything about prices. This isn't the Brickyard. I'm sure it will attract residents, whether they are people who already live nearby or not doesn't matter.

Well the description mentioned luxury condo's which usually indicates a higher price-point. Besides, there have been very few, (if any) high-rise condo's built recently that could be classified as affordable here in the valley. This trend of pricing out the existing residents, when taken in aggregate, is basically gentrification. Great for those who can afford it, not so great for those who can't.

[kent_moore]

We need more shades while walking the hot streets of Tempe. This is good!

[observer53]

Originally Posted by The_Cadillac_Lawyer

Well the description mentioned luxury condo's which usually indicates a higher price-point. Besides, there have been very few, (if any) high-rise condo's built recently that could be classified as affordable here in the valley. This trend of pricing out the existing residents, when taken in aggregate, is basically gentrification. Great for those who can afford it, not so great for those who can't.

It doesn't really matter to me, as an "existing resident" whether I could afford to move there or not. I suspect Opus will learn from W6, which failed as condos (when the economy admittedly was quite a bit worse) and not price them too high. Attracting NEW residents to Tempe is fine with me. I don't care where they lived before, and "gentrification" is not always some sort of dirty word. "Luxury" is a highly misused word, anyway. For some apartments, that just means granite countertops and nice carpet.

[Colt AZ]

Originally Posted by kent_moore

We need more shades while walking the hot streets of Tempe. This is good!

Ah, yes... strolling within the cooler canyons and gulches of Tempe valley.