For years, the abandoned Centerpoint condos hulking over Tempe’s Mill Ave have stood as a stark reminder of the Valley’s go-go real estate mania. (Although no mere mania can explain how someone thought hundreds of millionaires were just itching to live above Fat Tuesday, Chili’s and countless drunken Frat boys.) However, it seems that these twin fiascoes, and the curse of the Tuxedo Suicide, might finally be wrapped up soon.

Yes, the Phx Biz Journal is reporting that Centerpoint has been bought for $30M and renamed West Sixth in honor of the project’s location on 111 W. Sixth St. So who’s the (un)lucky new owner?

The same company that was all set to purchase the property back in October, before the deal fell apart over various subcontractors suing to get a slice of more than $13M in construction costs owed. The new deal struck just this last Friday was basically the same deal, but the previous owners, ML Management, who took over after the shady original developers went belly up, will now be responsible for settling any outstanding construction debts.

Meanwhile, the condos will now be converted into luxury apartments for all those said drunken Frat boys. All we can say is, look out below (because anything and everything not nailed to a wall is going to be raining down upon Mill Ave).

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