Skyscraper for seniors on Tempe Town Lake
Patience, sprinkled like pixie dust on the south shore of Tempe Town Lake, may soon yield some eye-catching results for prime waterfront property left vacant by the recession.
Southbank, a dense, urban project envisioned along Rio Salado Parkway in Tempe, had stalled for years as the economy sagged. A half dozen crater-like pits and a few empty streets are all that linger from previous development efforts.
But plans are now moving forward for a high-rise senior-living complex and two high-end apartment buildings on some of Tempe’s last remaining lakefront real estate.
Skyscraper for seniors
J Mitchell Advisors expects to start construction on a 17-story senior-living complex by year’s end, with the first residents moving in by 2017, CEO Jim Mitchell told The Republic.
The tower, which will feature a 17th-floor bistro and cocktail lounge, will bring a dramatic addition to Tempe’s rapidly growing skyline along the lake. Just to the west, the Marina Heights complex, which will house thousands of State Farm employees, is giving rise to glass-framed buildings up to 16 stories tall.
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http://www.azcentral.com/story/news/loca...craper-seniors-tempe-town-lake/30580277/