Boutique developments like that are unusual, even if there are a few going up in a given area, and have a limited market. You and I both know that they’re not the norm for new construction in Phoenix or Vegas.[/quote]
I don’t know much about Vegas, haven’t been there in more than 30 years. It’s maybe not the norm, but it’s not unusual for Phoenix, at least in the NE quadrant of the valley. They’re being built and being leased/sold. And they are in direct competition to whatever you think is the norm. Snowbirds prefer these kinds of buildings, and snowbirds are buying again, big time.
