[oliveurban]

Ground broken for second phase of Kierland Commons Plaza Lofts
The Business Journal of Phoenix
Tuesday, July 11th 2006

Woodbine Southwest Corp., developer of the Kierland Commons retail/residential development along the Phoenix/Scottsdale border, Tuesday broke ground on the Phase II tower of the Plaza Lofts at Kierland Commons.

The Phase II tower, slated for completion in the fall of 2007, will comprise six residential levels above a three-story parking garage. The building will be on the north side of Kierland Commons.

For Tuesday's ceremonies, officials ditched the usual photo-op shovels in favor of a "lifestyle presentation" with human and canine actors role-playing activities such as valet parking a sports car, attending a cocktail party and taking a leisurely afternoon stroll.

The first phase of the Plaza Lofts had 30 lofts, and in the second phase that number grows to 54, ranging in size from 1,100 to 2,800 square feet. Five penthouse suites on the ninth floor will range from 3,200 to 3,900 square feet and will feature custom buildouts.

According to Woodbine Southwest officials, sales began in March and the project is already more than 50 percent sold.

Nelsen Architects is the architect on the project, and Sundt Construction Inc. is the general contractor. Signature Properties is handling the role of residential broker.


For more: www.plazaloftskierland.com.