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Originally Posted by Jjs5056
Oh okay, I think you just misunderstood me/I wasn't very clear. I said that there was 0 chance of it happening, but that 1 or 2 buildings would likely be built this cycle. In other words, 0 chance of it being built as one mega-development a la Marina Heights if it breaks ground in 2016 as planned. I didn't mean 0 chance of the project as a whole not happening. I still think there's a chance that it will completely fail, just based on the track record of these types of superdevelopments... but, I wouldn't say there's 0 chance because yes, there is a lot of office demand in Tempe and who knows? Maybe the additional office space being built will actually attract even more demand as others will want to be where the action is? Though I think it is worth noting that the demand is mainly in downtown Tempe - this site is outside those borders, and you have to admit that having Mill Ave within walking distance is a huge benefit to projects built in the core.
Selfishly, I hope the project doesn't get built in its current form. I think it's crappy that they scaled back the residential and retail portions. I think it's really important to build up residential centers near the light rail stops and this being just one or two stops from downtown, should be one of the first to develop into such IMO. A suburban office park on a prime light rail stop seems anticlimactic.
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Well, the good news is that we've seen when a lot of these super developments fail in Tempe it tends to create diversity as the land that wasn't developed is eventually sold to a new develop who builds a different, often more dense building. So just a couple 10 story buildings in my mind would be a win. Even if the rest wasn't developed for awhile. Because of the flight paths we'll never see anything above probably 10 stories on that land.
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