By Lindsay Walker | Your Valley
It’s no secret that the Valley has gained a massive influx of new residents over the last several years, pushing up rents and home values in the process, and offering developers the opportunity to get to work to accommodate them.
The same can be said for Tempe, which has gained new tenants like Amazon and thousands of new residents to add to the expanding college town. Projects like 100 Mill and South Pier have taken over downtown Tempe, perhaps to go along with the new Tempe Streetcar that will soon wind its way through the area.
But south Tempe hasn’t seen the development boom that the area near Tempe Town Lake has. A look at the city’s list of projects underway shows only a handful in south Tempe, and even fewer of them are multifamily housing projects. Tempe is expected to add over 57,000 new residents by 2040, according to the city.
Ryan Levesque, deputy community development director for the city of Tempe, said downtown’s growth is booming by design.
