By Parker Leavitt, The Republic | azcentral.com
Patience, sprinkled like pixie dust on the south shore of Tempe Town Lake, may soon yield some eye-catching results for prime waterfront property left vacant by the recession.
Southbank, a dense, urban project envisioned along Rio Salado Parkway in Tempe, had stalled for years as the economy sagged. A half dozen crater-like pits and a few empty streets are all that linger from previous development efforts.
But plans are now moving forward for a high-rise senior-living complex and two high-end apartment buildings on some of Tempe’s last remaining lakefront real estate.
