Tucson CitizenTucson Citizen

Two downtown housing projects taking reservations

Got $5,000 to splurge and a whim to move downtown in a couple years?

The Post condo project slated for Congress Street will start taking reservations Nov. 17. The Presidio Terrace condo project on Paseo Redondo west of the Tucson Museum of Art started taking 30 reservations in October.

Both projects are asking for a $5,000 refundable deposit to place a reservation.

“I haven’t even started calling my list. I have 10 already,” Presidio Terrace developer Peggy Noonan said.

Noonan has not set prices for Presidio Terrace but she expects units to start at $400,000 to $450,000.

The Post will start at $250,000 for 650-square-foot studio lofts and range beyond $1 million for 2,400-square-foot penthouses.

“The reservation buys you a place in line that will give you the opportunity to go into contract with us in winter,” said Oscar Turner, project manager for The Post.

Both condo projects fall within Rio Nuevo efforts to add downtown residents. The Post is going on former city property sold for $100, and Presidio Terrace will be built on a former Tucson Museum of Art parking lot.

Construction for The Post is set to start in March with the five-story, 45-unit structure expected to be ready for residents in mid-2008.

Presidio Terrace work is supposed to start in summer and finish in mid-2009. The seven-story complex will have 76 to 90 units and nine townhomes to the side.

Noonan will determine precisely how many units she will build depending on the preferences of how many bedrooms the first 30 people putting in reservations want. Unit sizes will range from 900 to 3,600 square feet.

Reservations for The Post can be made online at www.thepostlofts.com or by calling Brett Latta at Bourn Partners at 323-1005 Ext. 505.

Reservations for Presidio Terrace can be made by calling Noonan at 624-7020.

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