Arizona Republic contributor Gremlyn Waddell reports on Shea Homes' plans for two attached home communities in Phoenix that became broken deals during the downturn, and are now ripe for resuscitation.
Condo town home development is quickly picking up momentum as both sellers and buyers look for first-mover opportunity in the lower-price tiers of the for-sale market. To data, high end move-up and second-time move up homes have been the big movers of early recovery. Waddell writes:
Shea Homes acquired both of the projects’ original plans and hired the existing architectural firms to ensure the cohesiveness and continuity, then re-engineered the design plans and made updates where they were called for and possible to do.