Centerpoint saga: Patience scores Tempe project for developer

201102.25
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- http://thomastitle.com/downloads/file/Centerpointe.pdf -

Cleveland-based Zaremba Group tested the waters of downtown Tempe’s Centerpoint project before it became embroiled in bankruptcies, foreclosure and a deeply discounted sale. Kent Chantung, director of residential development for Zaremba’s Western region, admired the iconic towers that loom large above Mill Avenue. He approached Avenue Communities when he heard the developer might be willing to enter a joint venture to complete its massive 375-unit residential condo project.