April 26, 2007
There
has been a lot of talk around town about the exciting new downtown
tempe development known as Lumina Tempe. (Previously Stadium
Tower.) This new loft, condominium development was able to
secure
the first truly "hip" hotel for Downtown Tempe, coined
"Lumina".
Located at 5th & College in downtown Tempe, one can only assume
that many cities and developers made proposals to acquire this new
concept from the creator of the "W Hotel", but it is worth noting that
downtown Tempe was the city chosen. Thankfully for those of
us
who live, work & play in downtown Tempe, we will all enjoy
access
to this exciting, vibrant & modern hotel within walking
distance of
Mill Avenue in only a few short years!
For anyone
interested in
this new development, here are a few details that I acquired while at
their Exclusive "Friends & Family" event on April 25th,
2007.
From the perspective of someone who makes a business selling downtown
Tempe condos, I was very impressed with the interior design of the
Lumina Tempe. The homes are edgey, modern, minimalistic with
a
very "euro" look. That's good, considering Lumina Tempe will
be
complimented by the hipster style of the new Lumina Hotel next
door. Plain and simple, this development is "Sexy"- with a
capital "S"!
Apparently, many others who
attended this
special event agreed with my assessment of the development.
By
the end of the night, it appeared that 40 to 50 percent of the units
had already been reserved. For those of you already drooling
over
the prospect of living at Lumina Tempe, I've been told that the public
will have their opportunity to purchase their own home at a "grand
opening event" sometime in June 2007. At that time, buyers
should
expect a $5,000 reservation deposit to hold a unit, with an additional
deposit of 10% to 20% of the purchase price required upon formal
contract. Construction on this landmark development is
scheduled
to begin sometime in the Spring 2008 with new Lumina residents moving
in approximately 22 months later.
Urban Realty
& Development
specializes in the Downtown Tempe Lofts, Townhomes, & Condos
market. We live & work in the heart of downtown Tempe
so we
have a passion for the area. We look forward to sharing that
passion with you! "Life is in the heart of the city!"
UPDATE:
Exclusive Lumina Tempe offer for Urban
Realty clients
