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Did you know that Crystal Point Condos holds the title of being the Valley’s first High Rise built as a condo rather than being first apartments and later converted to condos?

The property Crystal Point sets on, as well as the Heritage Apartments next door, was originally bought in 1981 by the Stearns Company, based in Kentucky.  In 1981, the Kentucky based Stearn Company purchased the approximate (3) acre lot at the corner of 12th Street and Osborn road.  The Company envisioned four towers, built in four phases, creating a total of 650 units.  In 1985 economic reasons forced Stearn to sell the land to Lincor Properties of Arizona whose President Jim Kiely saw the potential.  Kiely and Lincor commissioned Dwayne Lewis of Architects Inc. to design the building.  Mr. Lewis received many awards for his unique and beautiful design of Crystal Point. The architect designed a building patterned after beautiful crystals of the world.  Like crystal he used irregular angles on his exterior walls to provide multi-faceted views of the gorgeous skyline and Phoenix Country Club golf course below.  The jutting exterior walls and windows provide additional angles in which to enjoy views that a flat wall can not.  A further play on the crystal theme is that all floor plans were named after famous crystal such as Lennox, Tiffany, Kosta Boda and more. 

Additional parties involved in the completion of this fabulous building included McCarthy Construction which was the general contractor and Beams Boshara, Ltd., which handled the interior design and finishes for the sales models, Sheperd, Nelson and Wheeler designed the public areas and entertainment room and Meyer & Lundahl crafted the bleached cherry woodwork found in the common areas.           

The first residents began moving in 1989 thus making the vision a reality.  Although Lincor had planned to build a second tower where the Heritage Luxury Apartments now stand, Mera Bank which was financing the project went bankrupt due to reasons unrelated to Crystal Point thereby squashing any plans of expansion.  Now, fifteen years later, conservative estimates put the total resale value of the single tower with 63 units within Crystal Point at $50,000,000 (fifty million dollars).

 

Contact Us

Will Daly
RE/MAX Excalibur Realty
1040 E. Osborn Rd. Unit 204
Phoenix, AZ  85014
Office/Mobile: 480-510-8755
Fax: 602-441-4008
E-Mail:  Will@CrystalPointHighRise.com

 


 

 

 

 

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