'Green' Luxury Condos in Phoenix

'Green' condos target luxury end of market, an article from The Arizona Republic, reports that real estate may be slowing down in many areas, but the demand for sustainable luxury living remains high. Developer Catalyst Communities plans to bring a high-end project for those potential homeowners to central Phoenix. The Aura at Camelback will be a sustainable luxury-living development at 25th Street and Campbell Avenue, which will feature 36 three- or four-story townhouses with six floor plans, ranging from 2,469 to 3,147 square feet. Prices for the homes will range from $900,000 to $1.3 million. The developer plans to break ground in May. Each home will have a private elevator and an underground two-car garage. There will also be 400 square feet of air-conditioned underground storage and at least a 400-square-foot private rooftop garden. With some homes being 48 feet in the air, residents will have unobstructed views of Camelback Mountain, said Chad Gifford, president of Catalyst Communities, developer of Aura. The project will be completely solar-powered by a 4-kilowatt solar system, which developers say is perfect for the Valley. Mike Eisele, president of Agenera, a company that is providing the solar electricity for the project said, "These types of projects are the kind of projects we want to help with to turn the Valley of the Sun into the Valley of solar electricity."

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