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$70 Mil Condo Project to Be First in Central Phoenix in Over a Decade

PHOENIX-For the first time in more than a decade, a developer will build a for-sale residential, multi-family project in the central Phoenix area, spending more than $70 million to build a 303-unit project.

By D.J. Burrough | Updated on November 08, 2000

PHOENIX-A Canadian developer plans to build a $70-million condominium project in the heart of Phoenix, the first significant for-sale residential development in the area in more than a decade.

United Properties Group of Companies, a Vancouver, British Columbia-based developer will begin construction in January on Willo Walk, a 303-unit condominium project that will include 17,000 sf of retail space. The project is being built along Central Avenue, the main street in mid-town Phoenix, just north of Encanto Boulevard and tucked into a historic residential neighborhood.

“We think Phoenix is of an age where people are tired of driving an hour to get home,” Eli Setton, United’s COO told Globest.com. “They want to be downtown now. It’s more of a vibrant downtown.”

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