Anyone who owns close to the waterfront should be thanking their lucky stars that they have such a first class development in their neighborhood.
My advice, research HOA and see how many defaults are in a community. Waterfront is feeling the effects and will probable double in HOA once the developement is sold in full and a new company is established. Hard to tell and we don't know who will let go of their over-priced 2006-07 investments!
Please go to CITY HALL, it is awesome! Great place also ROKA AKUR just north of Chaparral on east side of scottsdale Rd. AWESOME!!
Another great place is Pita house but that isn't new it is just really excellent and affordable. Some of the older spots are also just as great. Personally, the smaller places are excellent... service is usually really great too!
Century 21 ALL STAR
Meanwhile, as reported in the AZ republic, the shops of waterfront are not seeing enough buyers for many of them to survive. All of this BEFORE the recession really starts.
It will be an interesting year as all the new condos being built right now in that area hit the market, fail, and die...
read my real estate blog: http://phxrealestate.tumblr.com/