Wednesday, December 1, 2021 11:51 am

Board approves lease-purchase of 75 E. Broadway for new office tower

A 12-story multipurpose building at 75 E. Broadway will have office space, a parking garage, retail shops and restaurants./ Pima County

 

By RED News Service

Rio Nuevo, J.E. Dunn to build downtown’s first Class A office building in 30 years

PIMA COUNTY – The Pima County Board of Supervisors Jan. 8 voted 4-1 to approve a lease-purchase agreement with Rio Nuevo Multipurpose Facilities District for 75 E. Broadway. Rio Nuevo is working with a developer that intends to build a Class A office tower on the two-thirds-of-an-acre site that will include parking and ground-level retail shops, restaurants and entertainment.

Once constructed, it will be the first addition of Class A multi-user office space in the downtown area in 30 years. Class A offices feature top-of-the-line furnishings and the latest technology and office system designs. In 2017, the Site Selector Guild, the world’s largest association of business expansion and relocation professionals, held its annual conference in Tucson and members told regional economic development officials that the lack of available Class A offices in Tucson was a significant weakness for the region’s effort to compete nationally for relocations and expansions.

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