One of the first condo projects slated to open in downtown Phoenix since the downturn is illustrative of a hot market on the horizon.

en Hance Park Condominiums, near Portland and First Streets, is a 59,000-square-foot condominium project in downtown Phoenix, and has already sold 50 percent of its 49 units with four months left of construction.

“An excellent location and value proposition has really built anticipation around en Hance Park,” said developer Alvaro Sande, CEO of Sencorp.

The space combines efficiency, connectivity and character with units ranging in square footage from 490 to 1,720 square feet., and selling prices starting at $150,000. Located across from the expansive 32-acre historic Margaret T. Hance Park and adjacent to the nationally-renowned Roosevelt Row arts district, en Hance Park provides easy access to area amenities including dining, entertainment, museums, local venues, Valley Metro light rail and freeways.

“This is the right design, quality and size for this market,” Sande said.

The building will consist of 49 units, including flats and lofts, with various floor plans ranging from studio to three bedrooms. The units are designed with high ceilings, European-style cabinetry and quartz countertops. Other features include: walk-in closets, modern finishes, modern appliances, and unmatched views. The site will include outdoor community spaces, a pool and sun deck, outdoor seating, desert landscaping and covered parking.

Project team members include Shepley Bulfinch, architect; DCK Worldwide, general contractor; Roberta Candaleria, real estate broker; formeTHIRD, project management; Headwerk, brand development.