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  #5561  
Old Posted Jan 19, 2015, 4:47 AM
Jjs5056 Jjs5056 is offline
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Originally Posted by alexico View Post
is this different than the kimpton Hotel where monti's used to be or supposed to be?
Completely different. If you read the article, this land is on the southern bank of TTL, between Rural and McClintock.

In a way, I'm glad a project like this - which we all could tell was pie-in-the-sky - failed now. I have no knowledge of how lending works, but I would have to think it makes more justifiable projects like Rio+Mill an easier sell when the amount of speculative competitive hotel and office space falls.

With USA Place dead, the only projects I really hope happen are Rio+Mill and the Mill redevelopment. I think the first will happen, but that the Mill will happen to only a degree (i.e. no hotel). It would be great for connecting the lake to downtown to go from 1 developed corner to 4, and two close-to-upscale boutique hotels would be a big win as well. It will also make areas like the Gateway office tower seem more central and hopefully aid in the leasing of their ground level spaces.
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  #5562  
Old Posted Jan 19, 2015, 5:12 AM
MegaBass MegaBass is offline
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h/t Bill Kennedy



South Endzone Bleachers and South Loge of Sun Devil Stadium began demolition last Friday.

Here's the latest Sun Devil Stadium rendering with enclosed lower bowl from ABOR doc.
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  #5563  
Old Posted Jan 19, 2015, 2:31 PM
PHXFlyer11 PHXFlyer11 is offline
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I never did buy into this TrendEx thing. The guy was a proven failure. I guess Tempe was desperate though. They should take a harder look at their RFP process.

I think the best thing the city can do now is slow down and let demand catch up to supply as HFLIII, Marina Heights and Mill + Rio are completed.

In the meantime, smaller wins like Marriot AC, Hayden Mill Hotel + Concert venue will add like and create additional demand when completed. Likely condos could be built once HFLIII and Marina Heights fill up.

If Mill + Rio pans out (I think it will) that will only create more demand for condos or luxury apartments and we could see another residential tower. You have to figure that the three large office projects will bring nearly 10k more jobs to downtown Tempe. I think that a 200 condo tower would be in the cards.
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  #5564  
Old Posted Jan 19, 2015, 3:27 PM
Obadno Obadno is offline
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Originally Posted by Jjs5056 View Post
Didn't know Bison Witches closed/is closing. That, and Hooters, are listed as available for lease.

Here is a really detailed plan of Marina Heights... I hope whatever takes its place lives up this standard:

http://flyers.cushmanwakefield.com/flyers/Retail%20Site%20Plan_USAplace.pdf

On the opposite end of the urban scale, here is the package for Marina Heights, with detailed site plans and renderings. The good parts of this development have already been discussed - the main design theme, major employment center in a centralized, transit-accessible location, etc. However, this site plan just screams of a Tempe version of CityScape/AZ Center. It's completely inward facing, with most, if not all of the retail entrances off "main street" which cuts E-W through the development. The buildings form courtyards where there will be 2 parks and an "Arizona Room" - which, is actually anti-Arizona with the amount of concrete being proposed. These spaces all have very little visibility from either Rio Salado or the lake. Finally, a surface parking lot is going to front Rio Salado along the east garage.

I get that lakefront development requires difficult decisions from a design standpoint. But, this current model just doesn't do anything to synergize with downtown. Each development is completely insular, inward facing and self-contained. I don't expect perfection, but these are all turning out to be more of a suburban office park, which is a waste of what could've been an urban amenity.

The whole lakefront is totally disconnected, too. Marina Heights set up a fortress with the use of the garages as book ends... if these projects were all going to include inner roadways, why not plan ahead and create them so that a walk down "main street" can take you from Mill to Rural and through HFL, SALT and Marina Heights? Meh.

http://www.phoenixcommercialadvisors.com/listings/info/rurarios.htm
It is inward facing because it isnt meant to be public. All 2 million square feet are going to be occupied by a single tennant, the 5 or 6 retail pads will be frequented by 95% State Farm employees.

It does not need to open "to the street" because it has no need to attract any tennants it is total self sufficiant.

Also, Why would it matter that parking gargaes line RIO, it isnt exactly a vibrant walkable enviroment(TM) across the way is a massive deadzone. I see nothing of value being lost by this. Instead you wil have several thousand new workers in and around mill every day for breakfast, lunch and happy hours.

And as somone who works for State Farm, the company culture is VERY fond of happy hours
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  #5565  
Old Posted Jan 19, 2015, 4:21 PM
Jjs5056 Jjs5056 is offline
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It is inward facing because it isnt meant to be public. All 2 million square feet are going to be occupied by a single tennant, the 5 or 6 retail pads will be frequented by 95% State Farm employees.

It does not need to open "to the street" because it has no need to attract any tennants it is total self sufficiant.

Also, Why would it matter that parking gargaes line RIO, it isnt exactly a vibrant walkable enviroment(TM) across the way is a massive deadzone. I see nothing of value being lost by this. Instead you wil have several thousand new workers in and around mill every day for breakfast, lunch and happy hours.

And as somone who works for State Farm, the company culture is VERY fond of happy hours
I don't really know where to start with this.

Everything you've said would be fine and dandy if this were being built on Elliot and the 101, but it isn't. It's being built on land that is adjacent to a publicly-funded asset that has been billed by the City of Tempe as an urban extension of downtown and amenity for residents. Therefore, every building and project designed and built along the shore should be held accountable for how it engages the public, addresses the lake, and is designed in a manner that is consistent with urban planning principles.

Downtown Tempe is no longer just Mill Ave. The City has been extremely clear that it's moved away from that, in its branding and in its development aspirations, toward a Farmer-College urban environment. Every project built in that district should be as well-thought as one built right along Mill Ave. And, no project on Mill Ave should EVER be built solely for the use of its own tenants. I would think the days of building moats around HQs a a Chase Tower are long gone, but apparently not.

Rio Salado may not be a pedestrian-heavy corridor now, but all signs point to the City wanting to transform it into one. With the streetcar planned to go down this route, and the Stadium District bringing additional mixed use, URBAN development to the area, there's no reason to believe that won't happen. It will just happen now in spite of the design of projects like Marina Height, and not because of them.

HFL isn't perfect, but with the completion of HFL3, it will finally have a connection to Mill Ave and Rio Salado, and its interior has always interacted well with the lakefront. Marina Heights turns its back on both. And, I don't buy that the designers of this project intend for it to be used solely by State Farm employees. You don't engineer a "main street" with retail and parallel parking, and create three 'public' parks, if you aren't thinking about additional traffic coming to the site. Regardless, that's irrelevant to the fact that the parks are absolutely terrible - open grass with trees lining the perimeter for 2 of them, and a concrete, confusing courtyard for the 3rd. Who wants to sit in the "Arizona Room" on their lunch break when its 90 degrees and all of the surfaces are unshielded concrete? Or, throw a ball around in "Central Park" with not a shade tree in sight?
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  #5566  
Old Posted Jan 19, 2015, 8:04 PM
Obadno Obadno is offline
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I don't really know where to start with this.

Everything you've said would be fine and dandy if this were being built on Elliot and the 101, but it isn't. It's being built on land that is adjacent to a publicly-funded asset that has been billed by the City of Tempe as an urban extension of downtown and amenity for residents. Therefore, every building and project designed and built along the shore should be held accountable for how it engages the public, addresses the lake, and is designed in a manner that is consistent with urban planning principles.

Downtown Tempe is no longer just Mill Ave. The City has been extremely clear that it's moved away from that, in its branding and in its development aspirations, toward a Farmer-College urban environment. Every project built in that district should be as well-thought as one built right along Mill Ave. And, no project on Mill Ave should EVER be built solely for the use of its own tenants. I would think the days of building moats around HQs a a Chase Tower are long gone, but apparently not.

Rio Salado may not be a pedestrian-heavy corridor now, but all signs point to the City wanting to transform it into one. With the streetcar planned to go down this route, and the Stadium District bringing additional mixed use, URBAN development to the area, there's no reason to believe that won't happen. It will just happen now in spite of the design of projects like Marina Height, and not because of them.

HFL isn't perfect, but with the completion of HFL3, it will finally have a connection to Mill Ave and Rio Salado, and its interior has always interacted well with the lakefront. Marina Heights turns its back on both. And, I don't buy that the designers of this project intend for it to be used solely by State Farm employees. You don't engineer a "main street" with retail and parallel parking, and create three 'public' parks, if you aren't thinking about additional traffic coming to the site. Regardless, that's irrelevant to the fact that the parks are absolutely terrible - open grass with trees lining the perimeter for 2 of them, and a concrete, confusing courtyard for the 3rd. Who wants to sit in the "Arizona Room" on their lunch break when its 90 degrees and all of the surfaces are unshielded concrete? Or, throw a ball around in "Central Park" with not a shade tree in sight?
You are just wrong, the entire sight was desinged for State Farm, the fact that there are going to be 5 or 6 restauraunts and an extension of the lakefront are just bonuses to city. (also it does open to the lakefront it closes to the street, power lines and stadium parking.)

Rio Solado and the area behind the stadium will NEVER be an "extension of mill" maybe Hayden Ferry will get somehting once the mill is done and MOntis is replaced. But any expansion toe the MIll entertainment district will have to be on College, 5th, Forest, South Mill, Ash/farmer etc.

It will never be Rio solado.
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  #5567  
Old Posted Jan 19, 2015, 10:38 PM
Jjs5056 Jjs5056 is offline
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Yes, it was designed for State Farm, just like the Phelps Dodge tower was built for Phelps Dodge in downtown. Having an anchor tenant isn't some new phenomenon, and it doesn't mean the project doesn't get held to the same standards as any other mixed use building developed in the central party of the city. Those standards include being accessible to the public through good design.

There is 40,000 square feet of retail, 300+ parking spaces dedicated to retail tenant parking, a "main street" running through the center with street-side parking, three public parks... that isn't just "a bonus," it's a major component of the project.

And, the City of Tempe disagrees with your assessment of Rio Salado's future. They aren't investing in a streetcar for no reason. They want, and plan, to see Rio Salado serving as the connection between downtown and all of the lakefront developments, all of which contain retail and public space components.
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  #5568  
Old Posted Jan 20, 2015, 4:54 AM
Freeway Freeway is offline
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Massive Chinese-Backed Rio Salado Development Dead

http://www.bizjournals.com/phoenix/news/...e-backed-plan-in-tempe-killed-after.html

Yet another deadline missed on a major project resulting in a lease agreement termination. Is this the new normal for Tempe? Two major projects dead in a two week time period. Is Kimpton next?
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  #5569  
Old Posted Jan 20, 2015, 3:26 PM
PHXFlyer11 PHXFlyer11 is offline
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Originally Posted by Freeway View Post
http://www.bizjournals.com/phoenix/news/...e-backed-plan-in-tempe-killed-after.html

Yet another deadline missed on a major project resulting in a lease agreement termination. Is this the new normal for Tempe? Two major projects dead in a two week time period. Is Kimpton next?
This was posted by sh9730 on Jan 18.

Kimpton will move forward, the developer actually shelled out something like $19M for the land for the office tower and Kimpton tower. I bet this breaks ground by July.
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  #5570  
Old Posted Jan 20, 2015, 3:30 PM
Obadno Obadno is offline
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Yes, it was designed for State Farm, just like the Phelps Dodge tower was built for Phelps Dodge in downtown. Having an anchor tenant isn't some new phenomenon, and it doesn't mean the project doesn't get held to the same standards as any other mixed use building developed in the central party of the city. Those standards include being accessible to the public through good design.

There is 40,000 square feet of retail, 300+ parking spaces dedicated to retail tenant parking, a "main street" running through the center with street-side parking, three public parks... that isn't just "a bonus," it's a major component of the project.

And, the City of Tempe disagrees with your assessment of Rio Salado's future. They aren't investing in a streetcar for no reason. They want, and plan, to see Rio Salado serving as the connection between downtown and all of the lakefront developments, all of which contain retail and public space components.
Phelps Dodge is in the center of downtown, this was built behind a stadium in on former annex parking for ASU. I’d hardly compare the two, but you are always a bit hyperbolic in your assessment of projects valley wide. 40,000 square feet of retail that will be visted 95% of the time by State Farm employes. Thats what theyll have instead fo a cafeteria.

Not everything needs to be some shining example of new urbanism; State Farm and Ryan construction have no “obligation” to do anything. This was always a major argument I got into with my architecture and Urban Planning professors. All this happy talk sounds nice but realistically it is Pablum. Tempe wouldn’t turn down this regional HQ if it was a giant windowless cement block it’s too big of a fish.

Is that ideal…no. Is it better than nothing… Yes, is all your forum rage or teeth gnashing going to change the hard realities of business? Absolutely not.
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  #5571  
Old Posted Jan 20, 2015, 6:47 PM
azsunsurfer azsunsurfer is offline
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Obadno, I completely agree with you. This corporate campus is very progressive by AZ standards. I think it does its best to address the lake/ Rio/ and this new "main street" If you look at HFL it also draws visitors away from Rio at Mill towards it's "main street" as well. Eventually the lake's walkway will probably be used by pedestrians wanting to visit neighboring developments as opposed to Rio (although im sure the streetcar will change that slightly.)
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  #5572  
Old Posted Jan 20, 2015, 9:46 PM
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KEVINphx KEVINphx is offline
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Originally Posted by Jjs5056 View Post
Yes, it was designed for State Farm, just like the Phelps Dodge tower was built for Phelps Dodge in downtown. Having an anchor tenant isn't some new phenomenon, and it doesn't mean the project doesn't get held to the same standards as any other mixed use building developed in the central party of the city. Those standards include being accessible to the public through good design.

There is 40,000 square feet of retail, 300+ parking spaces dedicated to retail tenant parking, a "main street" running through the center with street-side parking, three public parks... that isn't just "a bonus," it's a major component of the project.

And, the City of Tempe disagrees with your assessment of Rio Salado's future. They aren't investing in a streetcar for no reason. They want, and plan, to see Rio Salado serving as the connection between downtown and all of the lakefront developments, all of which contain retail and public space components.
Judging by the original comments - you are talking to the breeze! lol

Anyone who thinks a project of this scale is developed with NO mind to future tenants or who doesn't realize that the construction of such large permanent buildings could cement bad urban planning for DECADES to come just plain old doesn't grasp the concepts being discussed in this thread. Simply stating that there is a parking lot across the street proves nothing other than ignorance.

People like this guy are the reason Phoenix sucks on an urban planning scale - there are too many in control who think this way - they do NOT value the greater good.
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  #5573  
Old Posted Jan 21, 2015, 12:34 AM
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Originally Posted by Obadno View Post
You are just wrong, the entire sight was desinged for State Farm, the fact that there are going to be 5 or 6 restauraunts and an extension of the lakefront are just bonuses to city. (also it does open to the lakefront it closes to the street, power lines and stadium parking.)

Rio Solado and the area behind the stadium will NEVER be an "extension of mill" maybe Hayden Ferry will get somehting once the mill is done and MOntis is replaced. But any expansion toe the MIll entertainment district will have to be on College, 5th, Forest, South Mill, Ash/farmer etc.

It will never be Rio solado.
LOL - You speak with such authority! "YOU ARE JUST WRONG " lol you don't know what you're talking about and I hope you are NEVER an actual decision maker in such matters whether it be as a simple property owner performing new construction or any government employee in charge of such matters to the extent that they are/can be!

Saying words like "just wrong" and "never" should be considered when you clearly don't know what you're talking about - even IF you work for StateFarm lol hahaha
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  #5574  
Old Posted Jan 21, 2015, 1:19 AM
Jjs5056 Jjs5056 is offline
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Phelps Dodge is in the center of downtown, this was built behind a stadium in on former annex parking for ASU. I’d hardly compare the two, but you are always a bit hyperbolic in your assessment of projects valley wide. 40,000 square feet of retail that will be visted 95% of the time by State Farm employes. Thats what theyll have instead fo a cafeteria.

Not everything needs to be some shining example of new urbanism; State Farm and Ryan construction have no “obligation” to do anything. This was always a major argument I got into with my architecture and Urban Planning professors. All this happy talk sounds nice but realistically it is Pablum. Tempe wouldn’t turn down this regional HQ if it was a giant windowless cement block it’s too big of a fish.

Is that ideal…no. Is it better than nothing… Yes, is all your forum rage or teeth gnashing going to change the hard realities of business? Absolutely not.
You don't include a main street lined with parking and 40,000 square feet with the intention of catering only to employees. This is my last comment regarding the project, because you're clearly not open to the idea that your words are in direct contrast to what has been stated by both the City and the developer. If they cared to serve only tenants, they'd have a cafeteria or food court within one of the towers, not 40k of retail. They wouldn't dedicate 300 spaces to retail guests and create a parking lot for valet service. Why is that hard to grasp? Of course the tenants were kept in mind, but the project has been designed to attract public visitation and interaction, just as every lakefront and downtown project should and will be.

Because no, Tempe wouldn't have allowed a windowless box be developed in this location. They rejected proposals from SouthBank - in a far more suburban section of the lake - for not fitting the design style or density wanted for the lake. But, that's irrelevant because no developer would create a windowless box in this location when they know they can produce a mixed use project that has a much higher earning potential by drawing in pedestrians from downtown, the lake, and ASU.

You also have no understanding of the politics involved with the lake's development either if you think this location is simply a parking lot. It's one of the hottest pieces of real estate in the City and that's evidenced by the size and complexity of this project. The City has a vision for the lakefront, and at the forefront of that vision is making it accessible to the public, who has been burdened with the costs of the lake because of slow-to-build developments which were supposed to contribute to the maintenance. That makes the project's interaction with the public absolutely relevant.

You don't need to tell anyone here that their comments on a project won't change 'reality.' But, this forum is here as a place for discussion and debate and critique of urban projects, and it would be a pretty lame place if all we did was shrug and say "ah well, that's the market for ya."

AZSUNSURFER - I don't have that many problems with the design (just the response that this isn't a project meant for public use), but don't think you think it would have been better to use either Rio Salado or the actual lake as the "main street" instead of creating an interior road that pulls people into the site and away from creating an active streetscape or lakefront? I mentioned that I understand not fronting Rio Salado, but I still think it's approach to the street should be welcoming to pedestrians given that there WILL be pedestrians from both Mill Ave (with 3 hotels planned for the nearest intersection) and the future streetcar entering the site. I also think that if you don't front Rio Salado, your interior should open up to the lakefront. HFL is not a perfect design, but it does a few things much better. All of their public spaces and retail are visible and open to the lake's path, and HFL3's design will meet the intersection with a restaurant on the ground level, and provide a key link to pedestrians that is missing from Marina Heights. Anyway, like I said, I don't hate the project and think there's several good aspects. But, I think it could have done a better job drawing pedestrians in from the street, and missed an opportunity to create a riverwalk-type vibe by closing off much of the project from the lake. Lastly, I think it's fair to criticize the design of the park spaces.

KEVINPhx - Thank you.
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  #5575  
Old Posted Jan 21, 2015, 4:26 PM
Obadno Obadno is offline
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LOL - You speak with such authority! "YOU ARE JUST WRONG " lol you don't know what you're talking about and I hope you are NEVER an actual decision maker in such matters whether it be as a simple property owner performing new construction or any government employee in charge of such matters to the extent that they are/can be!

Saying words like "just wrong" and "never" should be considered when you clearly don't know what you're talking about - even IF you work for StateFarm lol hahaha
You and JjS5056 are the ones that dont get it.

Im not going to convince you because your so far up your own conceptial a$$ about what developments should ideally be you dont take the good for what it is and the realistic approach.

Maybe thats why all you can do is complain on a forum instead of actually make any development decisions. Obviously I no longer work in the development industry because I found many of the people in that field from College onward to be airheaded and stubborn and unwiling to compromise. They refused to accept the reality we are confronted with especially in "new Cities" int he West.

Not everything has to be some parisian style Mixed use block with a street side cafe.

Its a great development for the area, no company is going to waste time and money doing things like "Addressing Rio Solado" when there is nothing to address. And for your information, very few companies lease space based on "how does this interact with the local comunity" or "how urban is this project" only the most conceptually driven media and non-profits would ever do such a thing.

I have yet to see either of you ever be happy about a project and Ive lurked/followed this site since 2007.
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  #5576  
Old Posted Jan 22, 2015, 8:35 PM
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You and JjS5056 are the ones that dont get it.

Im not going to convince you because your so far up your own conceptial a$$ about what developments should ideally be you dont take the good for what it is and the realistic approach.

Maybe thats why all you can do is complain on a forum instead of actually make any development decisions. Obviously I no longer work in the development industry because I found many of the people in that field from College onward to be airheaded and stubborn and unwiling to compromise. They refused to accept the reality we are confronted with especially in "new Cities" int he West.

Not everything has to be some parisian style Mixed use block with a street side cafe.

Its a great development for the area, no company is going to waste time and money doing things like "Addressing Rio Solado" when there is nothing to address. And for your information, very few companies lease space based on "how does this interact with the local comunity" or "how urban is this project" only the most conceptually driven media and non-profits would ever do such a thing.

I have yet to see either of you ever be happy about a project and Ive lurked/followed this site since 2007.
I don't feel the need to "settle" for "good enough" sorry if it upsets you.

It does upset me that there are citizens out there who DO feel happy to settle for good enough, but I will never be one. That goes for ANY aspect of civic life where I live - and I take pride in that. Striving for better, and expecting better is just that - BETTER.

I don't know what all you perceive me to have never been happy about when it comes to projects because there is another person with a VERY similar username to me - but I do not believe what you say about me is true.

I work in a family owned construction business - so I think I know better than most what bottom line is when it comes to design decisions but that doesn't mean I have to accept that "better" could not be achieved in so many instances despite costs etc. If you pursue a shit plan from the get-go, obviously it will be more $$$$ to correct it! But if you started off on the right foot from the beginning, that may not always be the case.

I don't know what your strange irritation with intelligentsia and the design world I am perceiving is all about - but whatever - it has little relevance with my points made above.

A city and community have every right to expect and zone for such and again - thankfully, you do not have a say in such matters. Unfortunately, the people who DO must share your ill-conceived beliefs.
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  #5577  
Old Posted Jan 23, 2015, 2:49 AM
Jjs5056 Jjs5056 is offline
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Originally Posted by Obadno View Post
You and JjS5056 are the ones that dont get it.

Im not going to convince you because your so far up your own conceptial a$$ about what developments should ideally be you dont take the good for what it is and the realistic approach.

Maybe thats why all you can do is complain on a forum instead of actually make any development decisions. Obviously I no longer work in the development industry because I found many of the people in that field from College onward to be airheaded and stubborn and unwiling to compromise. They refused to accept the reality we are confronted with especially in "new Cities" int he West.

Not everything has to be some parisian style Mixed use block with a street side cafe.

Its a great development for the area, no company is going to waste time and money doing things like "Addressing Rio Solado" when there is nothing to address. And for your information, very few companies lease space based on "how does this interact with the local comunity" or "how urban is this project" only the most conceptually driven media and non-profits would ever do such a thing.

I have yet to see either of you ever be happy about a project and Ive lurked/followed this site since 2007.
I recently said that CityScape, in spite of its design flaws, is the best thing to have happened to downtown Phoenix. I think the proposal for the Hayden Flour Mill is a near perfect fit for the site and location. I'm excited for Rio+Mill, and hope that it actually breaks ground. And, in this very conversation, I lamented the loss of USA Place - a project that was being built for two major tenants (ASU and USA Basketball), but still was designed to fit into the greater downtown and engage the public; gave credit to Hayden Ferry Lakeside for how its final phase will interact with the intersection and draw in pedestrians + how its public space opens up to the lakefront; and complimented Marina Heights for several aspects: the design of the physical buildings, the central location chosen by State Farm, the number of jobs being brought to downtown Tempe, and the sheer amount of public space even if the design of that space is poor.

So, to summarize: no.
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  #5578  
Old Posted Jan 24, 2015, 2:35 PM
alexico alexico is offline
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, I lamented the loss of USA Place - a project that was being built for two major tenants (ASU and USA Basketball),.

so is it finally dead?
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  #5579  
Old Posted Jan 25, 2015, 1:16 AM
Jjs5056 Jjs5056 is offline
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so is it finally dead?
Yes, in its most recent state under Concord Eastridge's proposal.

ASU says they are committed to developing the land, but that will take a new RFP, selection process, and the hopes that a new partner will actually be able to fund their plans. There's also no guarantee a new partner will include anything beyond the hotel and conference center. If it doesn't pencil out, USA Basketball, and the housing/retail/office components could all get the axe.
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  #5580  
Old Posted Jan 27, 2015, 4:33 PM
dtnphx dtnphx is offline
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Developer Extends Deadline on $1.2B Tempe High Rise Project

By Mike Sunnucks for Phoenix Business Journal

A Scottsdale development company – with Chinese backing – still plans on buying land from the city of Tempe for a proposed $1.2B mega-development.

TrendEx Holdings LLC missed a Dec. 12 deadline to pay the city $17.6 million for 11 acres of land along Tempe Town Lake. But the developer says it has a 30-day extension to still buy the property and plans on making that January deadline.

The land is located north of Rio Salado Parkway and between Rural Road and McClintock Drive.

TrendEx is partnering with a Hong Kong company, China International Development Investment Corp., on the proposed 2 million-square-foot commercial development.

Scottsdale-based TrendEx wants to build offices, multifamily housing, retail shops and a hotel on the Tempe Town Lake property. It would be one of the largest developments in Arizona – if it ever gets built.

There are several other large developments and hotels under construction or in the works in Tempe along the lake and Mill Avenue area.
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