Tempe City Council approves 250 Rio development

By AZRE

The Tempe City Council has voted to approve the entitlements for the new 250 Rio office and retail project proposed by Hines, the international real estate firm, in downtown Tempe.

The 250 Rio development will be a 216,000-square-foot Class AA office building and accompanying parking structure between the historic Ash Avenue alignment and the current Rio Salado Parkway, adjacent to Tempe Beach Park.

The project is designed to be a signature development at the gateway to downtown Tempe, with a modern, mixed-use building that will enhance the office footprint in the area. It will also have a significant focus on health and wellness, with its proximity to the recreational amenities of Tempe Town Lake and Tempe Beach Park.

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