Archive for iStar

iStar Residential Now Selling Final Phase of Condominiums at Sage in Downtown Scottsdale


Scottsdale, Arizona (PRWEB) December 16, 2014

Seventy-two new homes have hit the market in Downtown Scottsdale when owner iStar Residential hosted a grand opening event for the final phase at Sage, the luxury condominium community located along the Scottsdale waterfront.

The $ 35 million community is the first ground-up-construction condominium development to deliver new homes in Downtown Scottsdale in seven years. The two, three-story buildings are nearing completion with resident move-in expected in late January.

Following the success of the sold-out first phase, Sage’s final phase features 72 two- and three-bedroom condominiums ranging from 1,375 to 1,659 square-feet, with optional den floor plans, and priced from the high $ 400Ks.

“The demand for this final phase at Sage is significant. We’ve had brokers and buyers calling us nonstop since we started moving dirt more than a year ago, asking when they can sign a contract and move in,” said David Sotolov, senior vice president at iStar Residential. “Brand new homes of this size and quality in the heart of Downtown Scottsdale are extremely rare, so this is a very limited opportunity. There are no other projects like this now or planned for the future. Other projects recently developed or coming onto the market are either apartments or small condos. An opportunity to own a brand new luxury residence in a downtown location like we are offering at Sage may not happen again, and people are taking notice.”

Inside Sages’ homes are top-of-the-line features and finishes, including granite kitchen countertops with decorative tile backsplash and LED under-counter lights, Dacor® professional stainless steel appliances, designer-selected modern wood cabinetry, GROHE® faucets and fixtures, Provenza hardwood floors, well-appointed master bathrooms with Carrera marble countertops, dual sinks and a deep soaking tub, spacious walk-in closets, elegant fireplace with natural stone surround, custom cabinetry and millwork throughout, nine-foot ceilings, dramatic foyer entrances that create an inviting sense of arrival and private terraces or balconies with Camelback Mountain and waterfront views. State-of-the-art technology conveniences include Wi-Fi controlled thermostats, USB charging ports at key outlets, high-speed cable and dual-glazed vinyl windows with efficient, Low-E, energy saving glass.

In recent weeks, iStar Residential has completed a six-figure investment in redesigning and upgrading the community’s resort-like amenities. Amenities include an expansive 3,400-square-foot, two-story private clubhouse with dramatic 30-foot ceilings; a designer-styled and luxurious library lounge with entertaining kitchen, fireplace and 65” flat screen TV; a one-of-a-kind climate controlled subterranean wine cellar; a lushly landscaped waterfront pool and spa with an outdoor lounge and private cabanas; an open-air grilling area with raised terraces for scenic dining; a fitness studio with SCIFIT and Spirit equipment and a Yoga-stretch a room; Wi-Fi access and USB ports throughout the clubhouse and gated underground resident parking. iStar is also constructing a paved and lighted walking path from Chaparral Road to the southern end of the property line with enhanced, lush landscaping that will connect Sage to the heart of Downtown Scottsdale.

Tucked into a quiet residential neighborhood that lines the waterfront of The Arizona Canal, Sage combines the feel of a suburban lifestyle in an urban location. Upscale yet intimate, Sage’s traditional architecture boasts stone-lined walls and chimneys complemented with architectural niches and dimensions that differentiate one set of homes from the next, creating a picturesque community.

Conveniently located within walking distance of world-class shopping, restaurants, independent art galleries in Old Town Scottsdale, resorts, and golf courses, Sage provides a private and redefined city-living experience that is unmatched by any other residential community in Scottsdale. The first phase of Sage, a collection of 50 condominiums, townhomes and penthouses, sold out in early 2012.

For more information about Sage, call 480-947-SAGE (7243) or visit http://www.SageScottsdale.com. Sage is located at 4855 N. Woodmere Fairway in Scottsdale.

About Sage

Sage is a luxury residential community in Downtown Scottsdale that combines the most desirable qualities of suburban living in an urban environment. Starting in the high $ 400s, Sage’s final phase is comprised of two intimate buildings, which include 72 condominiums set along the Scottsdale waterfront.

From unique architectural niches to elegant designer finishes throughout each home, Sage exudes an understated elegance and sophistication. At the heart of Sage is an expansive two-story, 3,400 square-foot clubhouse featuring a designer-styled library lounge and entertaining kitchen, cozy fireplace with 65” flat screen television, a stone subterranean climate-controlled wine cellar with personal storage, an expansive fitness room that opens to spanning views, a lushly landscaped waterfront pool and spa with an outdoor lounge, private cabanas and a grilling area. Conveniently located within walking distance of world-class shopping, restaurants, independent art galleries in Old Town Scottsdale, resorts, and golf courses, Sage provides a redefined city-living experience that is unmatched by any other residential community in Scottsdale. To register on the interest list for the final phase, visit http://www.SageScottsdale.com.

About iStar Residential

iStar Residential is one of the largest investors in luxury condominium, multifamily and master-planned residential developments throughout the United States, having financed and invested in $ 10 billion of residential projects since 1993. The iStar Residential portfolio has included interests in over 18,000 condominium units in the nation’s top markets and 65,000 acres in master-planned communities having the potential for an estimated 50,000 single family and multifamily units. The Company’s unique, fully-integrated platform extends from property entitlement and development to construction, bridge and long-term financing through asset servicing, property and portfolio management. iStar Residential is a division of iStar Financial, a fully-integrated finance and investment company focused on the real estate industry and traded under the symbol “STAR” on the New York Stock Exchange.

About The Kor Group

The Kor Group’s sales and marketing division is seen as a visionary leader in the real estate world. Kor’s unique capabilities and seasoned leadership fuse development, design, and hospitality expertise with cutting-edge analysis, research, marketing and sales strategy to maximize value potential. With over $ 1 billion in sales across a broad array of asset classes, Kor’s distinctive lifestyle approach has built recognizable brands and thriving homeowner communities for investors around the world http://www.thekorgroup.com.

###