$150M project set to come online amid tight vacancy rates in the city
By Corina Vanek | Phoenix Business Journal
The tallest building along the north side of Tempe Town Lake has completed vertical construction and is on track to open in October.
The Watermark Tempe, a $150 million mixed-use development on the lake’s north shore and west of Scottsdale Road, will be a 16-story, 265,000-square-foot Class A office building, and include 44,000 square feet of restaurant and retail space.
The last concrete was poured over the weekend for the 228-foot-tall office tower, and the bridge connecting the office and retail buildings will be installed next month, said Mike Loretz, project manager for Fenix Development, the building’s developer.
