This June, Scottsdale developer Grace Communities expects to finish the first dozen floors of its 34-story Downtown Phoenix high-rise, 44 Monroe - the tallest residential building in Arizona. By August, the rest of the building interior will be completed. The 196-unit condo tower will bring more full-time residents to downtown, a key component of long-term plans to bring vitality and foot traffic to the neighborhood. Cost: $160 million. For a hard-hat tour of the building, call 480-232-9699.

If you have been watching the delightful resurgence of 7th Avenue, turn your eyes east to 3rd Street. Several high-end residential and non-franchise boutique-business developments are planned in an area known as the Third Street Promenade, between Steele Indian School Park and Downtown Phoenix.

Among the developers is Urban Dencity, a Scottsdale-based architecture and design firm. The company hopes to build Soleil, a four-unit residential project at Third Street and Mulberry Drive. The three-bedroom, three-bathroom townhouses would be nearly 3,700 square feet each and would start at $1.35 million. All the units would have outdoor lap pools, roof decks and 10-foot ceilings. They also hope to build Forma on Third Street at Windsor Avenue. The two-bedroom lofts would have a pool and large patio and roof decks. Urban Dencity also will take advantage of the area’s potential business options with a mixed-used development on Third and Flower Streets. This development would have luxury condos on the top floor as large as 3,000 square feet and commercial projects on the ground floor. A restaurant, a wine bar, a little market. Hope so!

Mike Lafferty, president of Lafferty Development, Inc., will build 11-story Union Square on the SE corner of 12th Street and Washington in Downtown Phoenix. With a light rail station of each side of this project, Union Square will include 280 condos, public and business meeting rooms, a 175-room hotel, and street level retail. His intention is to engage the neighborhood residents and adjacent property owners to create a business district that encourages more live/work/play activity in the area. To lead the charge in accomplishing this goal, he hired “the best urban planner known to God” according to Lafferty. She is Dana Crawford, the brain behind Larimer Square and other projects in Downtown Denver. We can’t wait to see her magic in Downtown Phoenix!