Today in Tempe, Ariz., city officials announced that two private developers will build a $600 million mixed-use complex that will be anchored by State Farm.
According to a report in the East Valley Tribune’s online edition, Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizone State University near Tempe Town Lake. The deal is subject to City Council approval of development agreement details in the coming month. (I wonder what the chances are of that agreement not getting approved.)
More details from the Tribune:
The Marina Heights project in Tempe will be the largest office