Loft living doesn’t have to be expensive. That’s what the developers of Capitol Lofts believe for their new 65-unit deluxe condominium community planned for 901 W. Washington Street in Downtown Phoenix. Starting at $165,000 and ranging from 571 to 869 square feet, the contemporary new residences are designed to offer affordable housing in a thriving downtown area that is bustling with young professionals, downsizers and renters looking to own a home. Construction on Capitol Lofts is expected to begin early next year and will be move in ready by summer 2018.
“Our goal is to deliver high quality affordable lofts to Downtown Phoenix,” said Saul Siegel, developer for Capitol Lofts. “We wanted to bring an affordable housing option that is accessible to people at all income levels,” he said. To qualify for a home at Capitol Lofts, buyers only need to make a minimum annual income of $27,000. The developer has partnered with Guaranteed Rate to offer special financing and affordable housing programs to help first-time homebuyers as well as those who may have had credit problems or foreclosure in the past, to purchase a new home in the community. Capital Lofts will also offer a homebuyer readiness program to help potential buyers plan for and prepare to make their new home purchase.
The downtown scene is where arts, entertainment, education, sports and commerce come together to deliver a lifestyle that is uniquely Phoenix. Walkable, bikeable and connected by the Valley-Metro Light Rail, Capitol Lofts is at the core of the city, just minutes from Cityscape, ASU Downtown, Talking Stick Resort Arena and Phoenix Sky Harbor Airport, celebrated local coffee shops, independent art galleries, trendy vintage shops and everything in between.
“Loft homes in Downtown Phoenix are definitely the hottest commodity around,” said Kristin Bickley, real estate agent with Realty Executives and the Broker of Record for Capitol Lofts. “Urban dwellers love the hip loft lifestyle, but the majority of the Downtown Phoenix lofts are expensive and typically out of reach for the average buyer, and Capitol Lofts will offer a hugely in-demand lifestyle at an affordable price point,” she said.
The contemporary styled residences are designed with the urban lifestyle in mind. Capitol Lofts residences range from 571 to 869 square feet of living space with clean lines, designer features and fixtures like clever storage and organization systems that are thoughtfully designed to maximize living space with a modern and airy aesthetic.
Designed to meet the energy efficient criteria of Energy Star and LEED for Homes, Capitol Lofts promotes technology integration and a whole-building approach to resident environmental health through sustainable site development, water savings, energy efficiency, quality material selections and indoor environmental quality. Resident bicycle and EV-charging stations for personal vehicles are all sensitively accommodated within an enclosed and secure covered parking area. Like to explore the city on an Earth-friendly set of wheels? Park your car and ride your bike whenever you like – secure parking and indoor bike storage is just part of life at Capitol Lofts.
Capitol Lofts also aims to differentiate itself by offering an array of pet-friendly amenities that are a first for Downtown Phoenix. Capitol Lofts take pet friendly living to a whole new level as the first urban community to offer urban pet lifestyle amenities that make city living comfortable and practical for your four–legged friend. Play, walk, groom and wash onsite at Capitol Lofts private pet pampering facilities that ensure comfort, convenience, safety and peace of mind for the pet loving urban dweller.
