TEMPE, Ariz.  (Dec. 27, 2004) - On the south shore of Tempe Town Lake, construction has begun on Edgewater at Hayden Ferry Lakeside, the Hayden Ferry Lakeside project's first luxury condominium tower. 

  Edgewater is being developed by Hayden Ferry Lakeside, L.L.C., a wholly owned subsidiary of SunCor Development Company. The project is being built by Residential Constructors L.L.C., a wholly owned subsidiary of McCarthy Building Companies ( www.mccarthy.com ). McCarthy's Southwest Division has been Suncor's contracting partner for the other phases of the Hayden Ferry Lakeside development.

  With 40 units in an elegant eight-story building, Edgewater is the first of four condominium towers planned for the Hayden Ferry Lakeside mixed-use development.

  "The response has been incredible," said Bob Normile, sales manager. "Buyers love the beauty of the architecture, the design of the units, the stunning views of Tempe Town Lake , and the incomparable location that Hayden Ferry Lakeside offers."

  Edgewater at Hayden Ferry Lakeside truly sets a new quality standard for urban living in the Valley of the Sun. It's a short walk to Tempe 's acclaimed Mill Avenue downtown district, Sky Harbor International Airport is 10 minutes away, and Phoenix and Scottsdale can be reached in minutes. Just outside their front door, Edgewater residents will enjoy lushly landscaped grounds, a heated pool and spa, outdoor courtyards and a comfortable barbecue area. Inside, an elegant lobby will include a social lounge and kitchen, a fully furnished conference room, a relaxing library and a private fitness center. With one, two and three-bedroom units ranging from 1,100 to 3,200 square feet and priced from the high $300,000s, sales have been brisk. Edgewater residents are scheduled to move into their units in the Spring of 2006.

  The Hayden Ferry Lakeside development currently consists of an eight-story office tower comprised of Class A office and retail space, a parking garage and a second office building planned for construction in Summer 2005. The master plan calls for additional office and retail space in addition to the residential component.

  Watch for information on the project's second condominium tower, Bridgeview at Hayden Ferry Lakeside, scheduled for launch in Spring 2005.

  For more information call 480.966.5253 or visit www.HaydenFerryLakeside.com .

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