Luxury homes planned for lake
Katie Nelson and Eugene Scott
The Arizona Republic
Jan. 11, 2007 12:00 AM
Two housing developments are proposed for near Tempe Town Lake, near the new Tempe Center for the Arts.
One would bring a whole different level of luxury to the area: New single-family homes. The other would create condominium towers.
"Town Lake Villas" would be a community of eight multimillion-dollar single-family homes. Plans are tentative, said Tom Meissner, one of the project's developers. advertisement
"The luxury market is definitely developing in Tempe," Meissner said.
Preliminary plans show the 4,600- to 5,800-square-foot homes would feature underground parking with space for at least four vehicles, elevators to the homes' upper floors and rooftop gardens with Jacuzzis. According to the developers, the goal is to create a "densely landscaped" ground level that would not have many of the automobile-focused characteristics of a more typical suburban neighborhood.
"You bring all the suburban amenities - good parking, private yard and such - into the middle of the city," Meissner said.
The project would go on a narrow strip of land at 500 W. First St., southeast of the arts center.
The company working to design the plans is Warner Group Architects. It's a Santa Barbara, Calif.-based company. Its architects specialize in luxury homes, resorts and country clubs. One of their projects under way is a home for a member of the Kuwaiti royal family.
Next door, plans for more new condos and townhouses are being developed. Zacher Homes is planning four condominium towers that could reach 25 stories and a row of townhouses. Representatives from the company met with members of the Sunset Riverside Neighborhood Association on Tuesday night, one of the first public unveilings of the project.
Preliminary plans show the "Residences at the Arts Park" would be on the northwestern corner of Roosevelt and First Street. It could feature four towers from 10 to 25 stories, but plans show it reaching no higher than Tempe Butte.
Two of the towers would be significantly shorter than the other two. The three-story townhouses will be on First Street.
Most of the several neighbors in attendance seemed supportive of the project.
"The consensus of the people was that it's attractive and that the reality of the situation is that Tempe is changing," said Bill Butler, who leads the neighborhood association. "We might as well learn to love it."
Neither of the project's developers was willing to talk about prices for the homes, but city officials said they expect the Town Lake Villas homes could cost up to $2 million. The developers behind the Residences at the Arts Park units say the condos will cost about $400 per square foot to build.
Zacher Homes spokesman Patrick Burch said the Arts Park project would also likely set aside some of its units as workforce housing, or more affordable units for people with salaries on par with teachers, firefighters and police officers.
The homes actually sound pretty cool, but I would love to get more info about the 4 towers they're planning!