Seriously, the planes would fly right over (or around) this white elephant. I've got a dollar this project never gets off the ground.
We'll look back on announcements like this and laugh, and laugh, and laugh some more one day. Like some of those dot-com business models, some of these Miami, Vegas and Phoenix condo projects (many since cancelled) are just a riot
This project is right down the flight path also from the killed Arizona Cardinals stadium, which the FAA rejected... Here's the nice view from your balcony though...
A 22-story condominium tower may be headed to the northern shore of Tempe Town Lake.
The development, tentatively called Onyx, would be nestled on a site along Playa Del Norte Drive, the area near Scottsdale Road and Loop 202. There are two similar projects already under way in that area, including a 532-unit apartment-condo project called Mondrian and a 137-unit condo development called Northshore.
The project would have about 200 units, including townhouses and condos. They would sell, on the low end, for $400,000 to $500,000, Loper estimated. The site is just less than 1.5 acres, and the tower would be around 220 to 230 feet tall, he said.
In general, any project that is more than 200 feet tall has to notify the Federal Aviation Administration, Anaradian said, adding that the city won't issue a building permit until a project has applied for FAA review.
May 16, 2006
Posted by blogger at 5/16/2006