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Trammell Crow Residential Announces its First-Ever Real Estate Auction for The Quarter Condominium Residences at Westgate City Center in Glendale, Ariz.
Thursday, May 08, 2008
- and Three-Bedroom Townhomes Will Be Auctioned By Accelerated Marketing Partners at The Quarter, The Anchor Residential Component Of Westgate City Center -
GLENDALE, Ariz., May 8 /PRNewswire/ -- Accelerated Marketing Partners will
conduct Trammell Crow Residential's first-ever real estate auction for The
Quarter, a new luxury development that is the anchor residential component of
Westgate City Center in Glendale, Ariz. The auction will take place on Sat.,
June 7 at 1:00 p.m. at the JW Marriott at Desert Ridge, located at 5350 East
Marriott Dr., Phoenix, Ariz. Minimum bids for the 35 two- and three-bedroom
three-story townhouses available at auction will start at $195,000, which is
approximately 35 percent below the highest previous asking price.
The $1.5 billion development with 6.5 million square feet of commercial,
retail, hotel and residential space has been dubbed the "Times Square of the
west." Situated in the West Valley of metropolitan Phoenix, Westgate City
Center offers residents of The Quarter, as well as a projected 22 million
annual visitors, access to NFL and NHL games at two arenas, an AMC Westgate 20
Theatre, and restaurants like Bar Louie and Fox Sports Grill.
"This is an unprecedented opportunity for buyers to purchase an
exceptional primary or secondary townhome by the nation's premier developer at
unbelievable prices Phoenix hasn't seen in years," said Ken Stevens,
co-founder and west cost CEO of Accelerated Marketing Partners. "This is the
first time in this area that buyers have the opportunity to purchase homes at
auction from a single luxury development, as previous auctions featured homes
from various developments."
The community features elegant three-story townhomes with open, loft-like
spaces and Art Deco design elements. The townhomes boast additional features
such as street-front patios and decks to enjoy outdoor gatherings and visit
with neighbors. The 32 two-bedroom residences available at auction range in
size from approximately 1,439 sq. ft. to 1,716 sq. ft., with minimum selling
prices beginning at $195,000. Additionally, the three three-bedroom residences
available for auction are approximately 1,997 sq. ft., with minimum selling
prices of $265,000. Two-bedroom townhomes had previous asking prices of up to
$485,321, and three-bedroom townhomes had previous asking prices of up to
$552,520.
The Quarter at Westgate City Center was designed to be a true interactive
community, with amenities including two resort-style swimming pools and heated
spas, shaded ramadas with natural gas grills and a state-of-the-art fitness
center. An exclusive clubhouse for residents features a full-service kitchen,
custom-designed indoor/outdoor fireplace, WiFi access, and a four-panel
flat-screen TV wall.
"The Quarter is located in Glendale's new urban core, Westgate City
Center, which offers residents direct access to major sporting events,
entertainment, restaurants and shops," said Bruce Hart, senior managing
director of Trammell Crow Residential. "We are very pleased to be working
with Accelerated Marketing Partners, the premier auction marketing company in
the country, to create this unique opportunity to buy in a proven community."
The auction information center and model residences are open for viewing
at The Quarter, which is located at 6605 North 93rd Ave., Glendale, Ariz.
Advance registration for the auction is required, and interested parties can
obtain additional information at by calling (888) 564-0444 or visiting
www.auctionthequarter.com.
Trammell Crow Residential
Established in 1977, Trammell Crow Residential is the nation's premier
multi-family real estate firm. Since its inception, Trammell Crow Residential
has developed over 200,000 multi-family units in major markets across the
U.S., and has established itself as the country's leader of multi-family
residential developers with its ongoing broad base of multi-family industry
research, financial strength, and local market knowledge.
Accelerated Marketing Partners
Accelerated Marketing Partners, a full-service residential real estate
firm with offices in Boston, San Francisco and Irvine, Calif., specializes in
the development and implementation of both accelerated and conventional
marketing and sales programs. The company has brought together the industry's
most seasoned professionals with decades of experience providing strategic
marketing solutions for residential real estate developments nationwide.
Accelerated Marketing Partners offers comprehensive integrated services
including detailed marketing analysis, management of on-site sales initiatives
and accelerated marketing campaign development and implementation. For more
information, please visit www.acceleratedmp.com.
SOURCE Accelerated Marketing Partners
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