January 28, 2011
The Right Place, The Right Time, The Right Purchase
ONE Lexington has been overwhelmingly well received. Already, we are over 60 per cent sold, averaging an approximate sale of one home every three days. Last month alone we signed eight new contracts, which included one of our two-story penthouse suites and one three-bedroom purchase, and just 56 homes remain.
And it seems our success at ONE Lexington has given some of our competitors pause for thought. Similar properties have now decided to lease rather than sell their luxury units. Some have even called this “a brilliant move,” remarking that renting is the safe bet in this downtown real estate market.
Our response? Despite challenging real estate circumstances for Phoenix over the past three years, one thing is undeniably clear: A great product recognized for its superior craftsmanship and exceptional value will result in sellable real estate properties.
ONE Lexington’s continually climbing numbers speak for themselves. We are bucking the trend because our superior product has once again given people the confidence they needed to buy.
Visit our soaring 17-story tower right on the edge of Central Avenue with views overlooking the Central Corridor and incredible Camelback Mountain, and you’ll see why.
The location is excellent. At ONE Lexington, you’re in the perfect place to enjoy Midtown and Downtown Phoenix to the fullest. Located directly across the street from the light rail’s Osborn station, you can easily head north or south. And the prices – starting at $159,000 for a one-bedroom loft-style home – are second to none.
For those who seek the flavor of an emerging urban neighborhood, central Phoenix is where it’s at. The downtown area has seen remarkable growth in recent years. Two major sports arenas, theatres, museums, the ASU campus and the largest convention centre in the Southwest, not to mention CityScape. The most recent addition to Downtown, CityScape extends two blocks in an eclectic mix of restaurants, lounges, specialty shops, unique boutiques and bowling alley – Downtown Phoenix is reviving strongly right now.
What’s more, our very own Valley of the Sun state was the No. 5 state in net relocations gains made in 2010, according to the Allied Van Lines 43rd Annual Magnet States Report.
Downtown Phoenix is on the rise. And ONE Lexington is proudly poised right in the middle of it all.
