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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).
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