Expansion requested for $80M Tempe multi-family towers

By Roland Murphy for Arizona Builder’s Exchange

Springbrook Development has requested approval from the City of Tempe to amend plans for its $80M, 1.3MSF project The Pier (AZBEX, Jan. 15, 2016) along Town Lake.

Original plans called for two conjoined 23-story mixed-use buildings with 551 multifamily units. The requested change now seeks 24-story buildings and 586 units. The amendment also requests a change in planned parking from 1,246 spaces (90 tandem) to 1,061 spaces (216 tandem).

In addition to the increase in the number of stories and residential spaces, the request seeks to change the planned retail space from 17,309SF to 18,511SF.

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September 21, 2016

$80M, multifamily, Tempe

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