Mortgage And Real Estate News

Tuesday, May 13, 2014

Posh ‘Easy Street’ project in Carefree gets new life

Butte Development

Plans for a $90 million project with condominiums over retail shops in Carefree have been revived and negotiations are under way to anchor the development with a Phoenix Art Museum satellite location.

Town leaders have announced the revival of developer Ed Lewis’ “Easy Street” project. The development, which Carefree town leaders approved in 2006, was put on hold in 2009 because Lewis said the existing economic climate did not support it.

But now, the tide is turning, Lewis said.

“The luxury-condo market is coming back faster than other luxury markets,” Lewis, president of Scottsdale-based Butte Development, said. “It’s always best to try to get started in the early stages of recovery.”

Read more...Posh ‘Easy Street’ project in Carefree gets new life

Reuters: Business News

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