Tempe Town Lake Developement

There are reports that Tempe has received 10 bids on a 27-acre piece of property north of the Rio Salado Parkway and east of McClintock Drive. Developers are looking at this site for more office and condo development, and possibly a hotel.

The Tempe lakefront property may not go to the highest bidder, Mayor Hugh Hallman said. Each proposal would probably have drastically different components, so it would be hard to make side-by-side comparisons, he said. The Tempe Town Lake area has numerous planned developments in the works, including Hayden Ferry Lakeside, a mixed-use project pegged to get a second big class A office building. The project includes the Edgewater luxury condos. Look for the skyline around Tempe Town Lake to change dramatically over the next few years as these new high-rise developments take shape. More...