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J P LIVING At THE MIRAGE Phoenix, Arizona. J P LIVING At THE MIRAGE Project Team. DEVELOPER ARCHITECT ENGINEER John A. LiSanti, President Damon Leverett, AIA Rachid Dia, P. E.
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J P LIVING At THE MIRAGEProject Team DEVELOPERARCHITECTENGINEER John A. LiSanti, President Damon Leverett, AIA Rachid Dia, P. E. American Realty & Development Durrant Group David Evans & Assoc., Inc 369 B Third Street, Suite 269 410 North 44th Street, #800 2141 E. Highland Ave, #200 San Rafael, CA 94901 Phoenix, AZ 85008 Phoenix, AZ 85016 LANDSCAPE ARCHITECTCONTRACTORPROJECT MANAGER Kristina Floor, RLA, ASLA Ken Schacherbauer A. Dean Spears Floor Associates Perini Building Company Flagstaff Airpark Holdings, LLC 1425 North 1st Street, 2nd Floor 360 East Coronado Road 1000 West Coy Drive Phoenix, AZ 85004 Phoenix, AZ 85067 Flagstaff, AZ 86001 REAL ESTATE BROKERREPRESENTATION Ray Pacioni Nicholas J. Woods Fairmount Corp. Snell & Wilmer 22 E. Buchanan One Arizona Center Phoenix, AZ 85004 Phoenix, AZ 85004
J P LIVINGAt TheTHE MIRAGE Located in the Warehouse District of downtown Phoenix, THE MIRAGE at Central and Buchanan will feature inspiring architecture, spectacular views, and exciting amenities at a moderate price.
The twin-tower project design includes a podium parking structure (one level below grade and 3 levels above grade) wrapped with retail and residential units to allow for both cost-efficient construction and a neighborhood-friendly scale at the street level.
Street Level – Retail 2 Story Townhomes 6 Units █ Retail Units █ Total 8,399 SF To be leased at $22.00 per SF Ramps Up and Down To Parking █
The 3.3 acre site provides a net building area of 76,750 sf which has been designed to include 386 residential units, 4 retail units (8,399 sf) and 535 parking spaces.
Unit Types and Number One Bedroom Condos 92 Units One Bedroom Lofts 145 Units Two Bedroom Condos 49 Units Two Bedroom Lofts 43 Units Two Bedroom Townhomes 49 Units Three Bedroom Lofts 8 Units Total Number 386 Units
The 5th Floor has: ☼ Swimming Pool ☼ 2 Amenity Areas ☼ Loft Units☼ 24 Condo Units in the Towers.
5th Floor Level Pool █ Loft Units █ Tower Units █ Amenity Areas █
Construction Costs 386 Units Total of 367,220 SF Total Construction Cost $86,281,750.00 Total Construction Cost per Square Foot $234.96 / SF
Total Sales Price 386 Units Total of 367,220 SF TOTAL SALES OF ALL 386 UNITS@ $420.00 Per SF$141,746,920.00
GROSS PROFITSAFTER AVERAGE SALES • Combined Sales $141,746,920.00 • Less Construction Costs $ 86,281,750.00 • Less Land Costs $ 8,000,000.00 Average Gross Profits $ 47,465,170.00