Phoenix Suns center Amare Stoudemire recently announced plans to call Lumina Tempe - a luxury, high-rise condominium project in the works near Sun Devil Stadium - home when it opens in a few years.

The $200 million project will include a 220-room hotel and 245 condos in two 15- to 20-story towers at Fifth Street and College Avenue. Construction on the development was slated to begin late last year but, like many condo projects, has been delayed as the housing market continues to struggle.

San Diego-based developer Constellation Property Group said it’s currently in negotiations with banks to secure construction financing, a task that has become increasingly difficult with skittish lenders tightening standards. Constellation said it expects to finalize financing details in the next six to eight weeks.

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