West 6th Tempe condos open for tours this week - East Valley Tribune: Business

West 6th Tempe condos open for tours this week

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Posted: Tuesday, March 29, 2011 1:51 pm | Updated: 1:55 pm, Tue Mar 29, 2011.

Six years after the East Valley's tallest buildings began to rise from the ground, the public will finally be able to see what's inside.

The West 6th Tempe condos will open for tours to prospective renters starting this week, only a month after construction resumed to complete the towers. Project managers used a recent media tour to show the units need little restoration after baking in Arizona's heat since work stalled in 2008.

The project is getting a lighter color scheme inside, but the development's new owners say they plan to mostly follow the original vision of what was first known as Centerpoint Condominiums.

"The idea is to finish it out in a like manner," said Mike Soto, a construction consultant.

Soto is one of two top managers who oversaw the original project. The Ohio-based Zaremba Group hired the managers before purchasing the towers in February so it could speed construction and better understand the state of the buildings, said Kent Chantung, Zaremba's director of residential development.

About $125 million was invested before financing fell apart, and about another $100 million will be spent to finish them.

By August, the 22-story tower will open, along with shops and restaurants. Zaremba has letters of intent for half the space already and should announce tenants soon, Chantung said.

The area around the towers will be transformed this year, as Zaremba will extend 6th Street through the property to improve access to downtown. Zaremba also will spruce up a parking lot north of the towers.

The work should wrap up by December, when the 30-story towers are completed.

West 6th has 375 units with 26 floor plans. Studios are about 550 square feet and start at $945 a month. Other prices range from $1,175 for one bedroom units to $1,995 for three bedroom units.

All units feature floor-to-ceiling windows that open the inside to expansive views, the development's most striking feature.

"I am pretty confident they are going to fill up," Tempe councilman Corey Woods said during a tour for reporters and VIPs. "It offers a different kind of living that we have not had downtown."

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