Voit Development Co. will start the $12-million condo project aspure spec, but marketing has begun for reservations and presales.The first units will deliver in early 2007. "We're trying to get asmany presales and reservations as we can on this before theofficial opening," says Tom Kimsey, vice president of acquisitionand development for the Woodland Hills, CA-based Voit. TramontoCrossing's condos are being tagged at $190 per sf to $220 persf.

Voit is building on an eight-acre tract that it bought a littlemore than a year ago along the North Valley Parkway near Interstate17 and Carefree Highway. Kimsey tells GlobeSt.com that TramontoCrossing's second phase is already in the works due to themarketplace's demand for the product and the lack of smaller officespace on the far north side. "We'd like to start that phase justabout the time we complete phase one," he says.

Kimsey says the project is designed with condos as small as1,400 sf and go up to a full building of 8,000 sf. Voit's mainmarket for Tramonto Crossing is smaller, professional businessowners and medical practitioners who prefer to own rather thanlease.