A joint venture that plans to build a sprawling mixed-use development on the shores of the Tempe Town Lake has received final zoning approval for the project from the city of Tempe. It will be the first project to be built along the shores of the two-mile long, man-made lake.
Construction will begin on the first phase of Hayden Ferry Lakeside, which will go up at the northeast corner of Rio Salado Parkway and Mill Avenue. At build-out the project will include an eight-story, Class A, 200,000-sf office building, a restaurant, a three-level parking structure, nearly 600,000-sf of retail space, a full-service hotel and 388 condominiums. The first phase, which will be completed by June 2002, will include the office building, restaurant and parking garage.
The project is a joint venture of SunCor Development, a Phoenix-based development company wholly owned by Pinnacle West, Boston-based Bay State Milling Company and Tempe-based Benton-Robb Development.
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