Image: Ray Stern

The Centerpoint Towers construction site is still quiet, but that's supposed to change soon. A sale to the Ohio-based Zaremba Group is expected to close this week

​

The $30 million sale of the Centerpoint Towers in Tempe was supposed to close on Friday, but has been delayed.

Kent Chantung, a vice president of Zaremba Group, the Ohio company purchasing the beleaguered property at 6th Street and Maple says the inability to finish the deal last week isn't a sign that any major problems have arisen.

The sale is on target to close in a few days, Chantung tells New Times.

After the deal is done, he says, Zaremba will issue a bulletin to the news media and start giving more details to the public about the upcoming construction project to finish the towers.

More >>

Image: Jaime Peachey

​Zaremba Group, the Cleveland company that bought the unfinished Centerpoint towers in Tempe for $30 million this week, plans to rent out the units once planned as condominiums.

The real estate company's Scottsdale office hasn't returned our call yet, and the guy from Cleveland who knows something, Zaremba president Joe Urbancic, is still in an airplane on his way home from the Valley, the Cleveland office says.

Meantime, the Phoenix Business Journal quoted Kent Chantung of Zaremba's local office as saying both towers and the ground-floor retail space will be finished by next summer.

"We will market predominantly to students and upper classmen and anybody else who wants to live in a great environment like Tempe," Chantung said.

The sale is expected to close no later than October 15, and Chantung expects construction activity to begin then.

More >>