PHOENIX—Seventy-two new homes will hit the market on Saturday, December 6 in Downtown Scottsdale when owner iStar Residential hosts a grand opening event for the final phase at Sage, the luxury condominium community located along the Scottsdale waterfront.

The $35 million community is the first ground-up-construction condominium development to deliver new homes in Downtown Scottsdale in seven years. The two, three-story buildings are nearing completion with resident move-in expected in late January.

Following the success of the sold-out first phase, Sage's final phase will feature 72 two- and three-bedroom condominiums ranging from 1,375 to 1,659 square-feet, with optional den floor plans, and priced from the high $400Ks.