Successful people are simply those with successful habits. ~ Brian Tracy
Mike Sunnucks Senior Reporter- Phoenix Business Journal
The Phoenix City Council could give the go-ahead later today to a Florida developer’s plans for 292 new apartments in downtown Phoenix.
Winter Park, Florida-based Epoch Properties wants to develop two apartment complexes called 11 Capital Place and 12 Capital Place just east of downtown near Washington, 11th and 12th streets.
Epoch bought the parcels earlier this year from Phoenix developer Mike Lafferty for $8.1 million.
Lafferty previously wanted to build an 11-story mixed-use building at 12th and Washington, to be called the Blue on 12th Street. That project faced some community opposition and never got off the ground.
Now, Epoch is looking at two four-story apartments buildings on the parcels. There are some similar existing apartment complexes in the vicinity.
The council is considering actions on the Capital Place plans at its meeting Wednesday evening. Epoch could start construction soon after the city approvals.
Across the Phoenix area there were close to 22,900 apartment units under construction or in the pipeline during the first quarter, according to Kasten Long Commercial Group.
Epoch already owns 914 units in Arizona with five complexes in Tucson and one in Mesa. Epoch executives were not avaiable for comment.
Mike Sunnucks writes about politics, law, airlines, sports business and the economy.
A little about me and my expertise – video
commercial / investment real estate / Arizona land specialist
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I go to great heights to sell or purchase your land
http://walter-unger.com/?p=10118
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
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Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554
Thank You
Walter
Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
Cell: 520-975-5207
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View my listings and my profile at:
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a little about me and my expertise – video
commercial-investment real estate adviser-land specialist
https://www.youtube.com/watch?v=PPs3kpKR4nY
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