4/8/2023 0 Comments Ifactor in tempeNot to mention the numerous opportunities along the Apache Corridor are also prime candidates for redevelopment the area along the light rail line becomes increasingly becoming more sought after and valuable.Īs a landlocked city, new development is an integral part of our plan to thrive. This will define the changing character of north Tempe and ASU for decades to come. We are currently working in partnership with ASU and Catellus Development, as we look to develop more than 300 acres in the Athletic Facilities District. Increased density and quality redevelopment are vital to Tempe’s future. More than 40,000 people work within a mile of Tempe Town Lake, and that number continues to grow. Financial services and technology companies abound along the lakefront and occupy the most valuable Class A commercial office space in the state. Our Tempe Town Lake is the second most visited attraction in Arizona, with only the Grand Canyon surpassing it. The cool, multi-modal, urban feel of downtown, with glass and steel high rises adjacent to nationally-registered historic buildings, all influenced by the vibrant talent from ASU and beyond – makes the city an ideal destination. Tempe now has arguably the most coveted commercial office space in Arizona with a vacancy rate in its downtown of 7 percent. Today, the city is a destination for some of the top employers in the nation and a highly desired address for successful companies of all sizes. News & World Report’s most innovative university, but it is more than just a college town. Tempe is the home of Arizona State University, U.S.
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