New condo project sells out in Tucson

(Photo via Placita Escondida Condominiums)

By Gabriela Rico | Arizona Daily Star

New condominiums at the base of Tucson’s Catalina Foothills sold out as soon as they were completed and more units are under construction.

But, despite this development’s success, Placita Escondida Condominiums are the only brand-new condos under construction in the Tucson area.

“With the rise in home prices, you’d think we’d see more,” said native Tucsonan Andy Courtney, developer of the project on River Road and Campbell Avenue. “Interest is high and we’re seeing brisk sales.”

Challenges to developing condos include zoning because many neighbors object to bringing more residents into their neighborhood.

“It’s harder to find the land that allows for these kinds of projects,” Courtney said. “Just because the word ‘density’ is in the mix doesn’t mean it’s a bad thing.”

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May 2024
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