Apartments To Condos

More and more apartments are being converted to condos in Scottsdale as evidenced by two more North East Valley apartment complexes are being converted to condos in Scottsdale Arizona.

The 350-unit La Privada at 10255 E. Via Linda in Scottsdale Ranch is being condo converted by Robert Sheridan & Partners. Units range from 867 to 1,363 square feet. Sales will start Jan 2, 2006. Prices will be set the week of December 5th, 2005.

Scottsdale Apartment Conversion

The other complex being converted is Montage, a 312-unit apartment complex located at 6900 E. Princess Drive. Montecitto Partners LLC will start selling the condos December 3rd. The two and three bedroom units of 680 to 1,027 square feet are priced from $190,000 to $320,000.

At this rate there will be very few apartments for rent available to residents of Scottsdale forcing them to either pay a higher rent, purchase a unit or move into a neighboring suburb.  This could potentially spell trouble for Scottsdale in the long run since affordability is crucial for the many employees of the service industries that Scottsdale relies so heavily upon.

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