Real Estate

Ascent at the Phoenician breaks ground on Mountainside Residences

Pre-construction sales of over $80 million accelerates next phase of development

Posted 5/3/22

Ascent at The Phoenician has officially broken ground on its next phase of development, the Mountainside Residences situated at the base of Camelback Mountain.

Overlooking The Phoenician Golf …

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Real Estate

Ascent at the Phoenician breaks ground on Mountainside Residences

Pre-construction sales of over $80 million accelerates next phase of development

Posted

Ascent at The Phoenician has officially broken ground on its next phase of development, the Mountainside Residences situated at the base of Camelback Mountain.

Overlooking The Phoenician Golf Course and located adjacent to The Phoenician, a luxury resort in Paradise Valley, the private, gated community of Ascent at The Phoenician has become a coveted new luxury real estate offering, according to a press release.

Ascent has sold 36 of the 40 Mountainside Residences, representing more than $80 million in sales, with construction completion anticipated for early 2024. Ascent’s Mountainside Residences is an intimate building of 40 luxury condominiums. Prices for the remaining residences range from $4.1 million up to $4.85 million.

“Construction and sales at Ascent at The Phoenician have been very strong. Every corner of the site has activity on it now and it has been great to share with prospective owners what we are building. We also recently opened our on-site Ascent sales center, which has seen steady traffic and provides a front row seat to the various condominium projects within the community,” said Chandra Reilly, Replay Destinations’ executive vice president of design and development.

With unprecedented pre-construction sales and start of construction of the Mountainside Residences, Replay is accelerating its next phase of development and is now unveiling the Camelback Residences.

The Camelback Residences will be located in the heart of the Ascent community with a total of 60 luxury residences in two adjacent buildings.

Named for its panoramic views of iconic Camelback Mountain, the initial release of 32 residences will consist of one bedroom plus den, two bedroom, two bedroom plus den and three bedroom plus den plans.

Prices are expected to range from $1.5 million to $4-plus million, the press release stated. Interested buyers can now register for early selection and preferred pricing when purchase contracts are written this fall.

“We are thrilled to begin construction on the Mountainside Residences and are very pleased with how well our unique desert homes have been received by the market. Ascent at The Phoenician has completed over $200 million in sales in a short amount of time,” said Paul Jorgensen, Replay Destinations’ president and chief executive officer. “Potential buyers who loved our Mountainside Residences, but may have missed out on a specific residence, can now learn more about the upcoming Camelback Residences. With an initial limited release of 32 residences, the Camelback Residences will offer the extraordinary indoor-outdoor living, and the luxurious refined aesthetic our interiors we are known for.”

Replay Destinations has engaged the same design team for the Camelback Residences as they utilized for the Mountainside Residences and sold-out Golf Villas.

For more information on the remaining Mountainside Residences or to register for updates, including early registration for the first release of the Camelback Condominium Residences, visit ascentatthephoenician.com or call 480-534-4086.

Ascent at The Phoenician, The Phoenician, Paradise Valley,

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