The Arizona Board of Regents approved a $187 million expansion in December for Downtown Phoenix School of Medicine. The plan is to build a medical education building and will expand the class size to at least 110 students per year from 48 students per year now. “This is an integral step toward creating the state’s next great academic health center,” said William M. Crist, MD, vice president for health affairs at the University of Arizona. “The construction would bring immediate, much-needed jobs to our state and high-paying positions later. We need to expand to meet the health-care needs of Arizona.”
The plan also calls for space for College of Pharmacy students to begin four-year programs in Phoenix. Until now, UA pharmacy students have only been able to complete their third- and fourth-year studies in Phoenix.
This will increase the work force in Downtown Phoenix and improve the College of Medicine by educating more Doctors and research. There will be many faculty, staff and students looking to rent and purchase property in the Downtown Phoenix area or accessible via the Metro Phoenix Light Rail.
A great place to buy and just blocks from the Downtown Campus is Portland Place. Located at 3rd Ave and Portland and overlooking the Japanese Botanical Gardens and Deck Park, many of these units have views of Midtown Phoenix and easy access to the Freeway system and just 1 block from a Light Rail Stop. Prices currently start at $200k for 1 bedrooms. The community has a beautiful rooftop pool with 360 degree views of Central Phoenix.
Tapestry on Centralis another great community that was completed in 2007. Located at Encanto and Central Ave and a Light Rail stop right in front of the community, this is a great community with many amenities. They have a heated lap pool and a nice work out room and club house. Two bedroom condos currently start at $190k.
In this market you really need an Urban Specilist to help you because of all the “insider” information that may be required for you to make the best decision. RooPho Realty has been specializing in the Downtown Phoenix Urban market for 7 years and keeps up with each of the communities financial status and other information that is important to know when you decide to buy. Contact Chris F. Campbell at Chris@RooPhoRealty.com for the latest update on any community you’re interested in.