Lumina Tempe - V.I.P. Friends & Family Event

April 26, 2007

There has been a lot of talk around town about the exciting new downtown tempe development known as Lumina Tempe. (Previously Stadium Tower.)  This new loft, condominium development was able to secure the first truly "hip" hotel for Downtown Tempe, coined "Lumina".  Located at 5th & College in downtown Tempe, one can only assume that many cities and developers made proposals to acquire this new concept from the creator of the "W Hotel", but it is worth noting that downtown Tempe was the city chosen.  Thankfully for those of us who live, work & play in downtown Tempe, we will all enjoy access to this exciting, vibrant & modern hotel within walking distance of Mill Avenue in only a few short years!

For anyone interested in this new development, here are a few details that I acquired while at their Exclusive "Friends & Family" event on April 25th, 2007.  From the perspective of someone who makes a business selling downtown Tempe condos, I was very impressed with the interior design of the Lumina Tempe.  The homes are edgey, modern, minimalistic with a very "euro" look.  That's good, considering Lumina Tempe will be complimented by the hipster style of the new Lumina Hotel next door.  Plain and simple, this development is "Sexy"- with a capital "S"!
Apparently, many others who attended this special event agreed with my assessment of the development.  By the end of the night, it appeared that 40 to 50 percent of the units had already been reserved.  For those of you already drooling over the prospect of living at Lumina Tempe, I've been told that the public will have their opportunity to purchase their own home at a "grand opening event" sometime in June 2007.  At that time, buyers should expect a $5,000 reservation deposit to hold a unit, with an additional deposit of 10% to 20% of the purchase price required upon formal contract.  Construction on this landmark development is scheduled to begin sometime in the Spring 2008 with new Lumina residents moving in approximately 22 months later.

Urban Realty & Development specializes in the Downtown Tempe Lofts, Townhomes, & Condos market.  We live & work in the heart of downtown Tempe so we have a passion for the area.  We look forward to sharing that passion with you!  "Life is in the heart of the city!"

UPDATE: Exclusive Lumina Tempe offer for Urban Realty clients

Tom Tokoph
Urban Living Broker

Equal Housing Opportunity