New high-rise office building proposed at Tempe Town Lake
Developer KDC and the Weitz Co., a construction company, announced plans to build an office high-rise at Tempe Town Lake near the Arizona State University campus.
The Tempe Waterfront joint venture is envisioned to consist of up to 400,000 square feet of prime office space.
The companies disclosed neither any likely tenants nor the cost of the project, to be situated on East Rio Salado Parkway east of the new corporate campus occupied by State Farm.
Many other details, including the number of floors in the building and likely completion date, also weren’t revealed. Construction has not commenced.
“The site is surrounded by a strong amenity base with easy access to State Loop 202 via McClintock (Road),” said Peter Yates, KDC’s Phoenix market director, in a statement.
He said the “vibrant surroundings” and quality of labor in the vicinity are attractive to potential corporate clients.
On-site amenities could include restaurants, retail locations and nearby links to public transportation and hiking trails.
KDC, a build-to-suit developer headquartered in Dallas, has produced about 33 million square feet of property valued at more than $7 billion, specializing in data centers and broadcast studios.
Weitz is a general contractor, builder and construction manager based in Des Moines, Iowa.