According to multiple sources, the 17 story South Bank senior living apartments is actually still trying to get developed and was not "pulled from the list". In fact, if you go back to look at the minutes and agenda for that city meeting, it is no longer crossed out. The project is projected to start construction by the end of the year according to multiple sources. Average living cost to be $4300 a month...who the hell will rent that???
http://brewaz.com/content/index_story_fr...issue_num=18&issue_date=May%2011,%202012
http://www.tempe.gov/index.aspx?page=812&recordid=295
*****Additionally, Wolff Company (who sold the site to the joint venture & owns much of the Southbank land) plans to start construction on a multifamily/multistory, condo/apartment complex on South Bank. According to their website construction will start Q2 2013. Wonder if the ASU baseball stadium/possible street car alignment is boosting development along Rio Salado..?*****
http://awolff.com/urban/south-bank/
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