Less than 18 months after acquiring the former Century Plaza high-rise condo tower in central Phoenix, the owners of One Lexington condominiums said they have sold out 85 percent of the project, an average of about one unit every three days.
Developers Rob Macdonald and Robert Hubbard, of British Columbia-based Macdonald Development Corp., said it’s a testament to the project’s quality and the area’s strong demand for convenient, environmentally responsible urban living at an affordable price.
Macdonald and Hubbard give a lot of credit to the project’s former developer, Equus Realty LLC, for undertaking an office-to-condo conversion project that they described as “visionary.”