November 17, 2024 11:26 am
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Tempe Monti’s to be joined by $200M mixed use tower

The oldest part of Monti’s La Casa Vieja in Tempe would be left undisturbed under the new plan for two towers next door. : DFD CornoyerHedrickExclusive: Phoenix Business Journal

By Eric Jay Toll

The corner of Mill Avenue and Rio Salado Parkway across from the Tempe Town Lake park is getting a new tower.

Hayden House Tempe LLC, closed on a 2.5-acre parcel on the southwest corner to preserve the Hayden House – home of Monti’s La Casa Vieja – and integrate an edgy, mixed use urban development.

The partners paid $16.9 million for the land, which is a square foot cost pegged at near peak levels for the first time since the recession.

Continued: 

Related: Bailed out AIG division part of Chandler development 

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