With the American economy holding on by a thread, I hesitate to show you this place. This is a very new development conveniently located on Central Avenue in mid-town Phoenix, just steps from the Phoenix Art Museum and the Heard Museum and a plethora of other popular community hot-spots. This development consists of 21, 5-story townhomes all with private elevators as well as other amazing amenities. Each unit ranges from the smallest at 5,100 square feet to the grandest at 8,200 square feet. They went on the market starting at 2.8 million dollars. Yes, you heard me right. I haven’t seen any information to indicate if they are still selling at that price or if they are selling at all. In fact, the development appears to be at a stand-still at the moment. It will be interesting to watch this place and see what happens as the problems with housing, lending, and the economy continue to unfold.