Sande: Thoughtful living combines three elements: 1) Efficiency in the size and design of the units that translates into more affordability for our customers; 2) Connectivity with the city and its amenities sited in a location across from 32-acre Margaret T. Hance Park and adjacent to nationally-renowned Roosevelt Row; 3) Character in its unique design by a collaboration of an international developer and local architects.

GlobeSt.com: Why is Downtown Phoenix a target for this type of development?

Sande: Area demographics are more focused on urban connectivity, walkability, arts and education. Because living in the Downtown Phoenix area means less effort and more time to discover the city, there is an increasing demand for downtown living.

GlobeSt.com: There seems to be a lot of multifamily development in this area right now. What is it about the Phoenix market that makes condos such an attractive option?

Sande: There is a great deal of development in the Downtown area. This infrastructure makes city living desirable and bringing condos like this to the area provides a lower cost of living option to increase the attractiveness of the area with more simple and efficient spaces.

GlobeSt.com: What is the future of condo developments in Phoenix?

Sande: Historically, owning versus renting has been 65% to 35% and there is low supply of for sale properties due to financing restrictions for developers. As these lending restrictions diminish, more condos will be developed to meet increasing market demands.