"I love the dynamics of the population growth the area has," he said. "There's a lot of immigration from California, a lot of immigration from snowbird areas. Not everyone wants to be in the single-family life."

So says Hosein Fateh about a condominium community he has planned for Gilbert. No projected prices as yet, but presumably these will not be aimed at the $300+/sf crowd sought by builders Downtown and in the Biltmore. It will be interesting to see if there really is a market for faux-urban-style living among people not quite as monied.