By unanimous approval, the Tempe City Council recently gave the go-ahead for plans to redevelop the Tempe Macayo’s Depot Cantina site into a mixed-use development. Further, this development will preserve and restore the train depot on the 2.5-acre site.
Phoenix-based Red Development is planning to build a 17-story office tower totaling 319,000 square feet on the northern portion of the site near Third Street and Ash Avenue, which is bisected by the light rail tracks. Plans call for constructing the two towers around and over the tracks, wherein the train will travel through the buildings.
The office tower will include 10 stories of commercial office space. For the second tower, plans call for an 18-story full-service Hilton-branded hotel with up to 280 guest rooms. The hotel tower also will include 9,400 square feet of conference space, 15,225 square feet of street-level indoor retail/restaurant uses, and 4,000 square feet of ground-floor outdoor dining space. The eighth-floor amenity deck will connect both towers.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
ConnectCRE.com
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Content Marketing
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.
