November 17, 2024 6:18 am
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Tempe Town Lake land sale to boast 8-year tax incentive

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By Dianna M. Náñez | The Arizona Republic

Tempe is working on a deal to offer an eight-year property-tax incentive to lure a developer to buy and build on prime city-owned land at Town Lake.

The developer, TrendEx Holdings LLC, would purchase about 11 acres on the southern bank of Town Lake for an estimated $17.6 million. That is about $35.74 per square foot, according to Tempe public records linked to the sale.

The proposed mixed-use development would include apartments, condos, office and retail space.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.