TEMPE, AZ—Hayden House Tempe has signed a hotel operating agreement with Kimpton Hotel and Restaurants to manage a new, luxury boutique hotel at One | Hundred | Mill. The agreement is for 20 years from the opening date of the hotel.
DWC chairman and CEO Doug Wilson tells GlobeSt.com: "The One | Hundred | Mill project will be the front door to the Mill Avenue District and we are excited to deliver the high-quality Kimpton brand hotel to this dynamic, mixed-use development. We are confident this hotel will provide a significant community benefit to the growing Tempe market.”
Construction is expected to begin in November this year with a targeted opening date of late 2017. Once completed, the Tempe Kimpton will feature 237 guest rooms, 12,000 square feet of indoor meeting space and a 4,750-square-foot rooftop pool and terrace lounge, along with a fitness center and a full-service, Kimpton-managed restaurant and bar venue. The Tempe property adds to the presence in Arizona, which includes hotels in Phoenix, Scottsdale, AZ and Sedona, AZ.
“Tempe is in the midst of a major growth phase right in terms of new downtown office development spurred by increases in the tech employment base, increased ASU student enrollment and campus expansion, and we're excited to bring the city its first, modern luxury boutique hotel experience,” said Kimpton chief executive officer Mike DeFrino. “This project in particular has the added advantage of being mixed use, offering the office tenants adjoining access to a totally unique hotel and restaurant experience with a world-class roof-top pool and lounge.”
One | Hundred | Mill is a $190 million mixed-use creative office, retail and lifestyle-hotel development located on the 2.51 acre parcel at the southwest corner of Mill Avenue and Rio Salado Parkway, the gateway to Tempe's downtown core. In addition to the 15-story hotel tower, this landmark project consists of a 15-story, 260,000-square-foot class-A office building and 20,000 square feet of complimentary restaurant and retail space.
The offices at One | Hundred | Mill begin on floor eight and extend through 15, offering views of Tempe and metro Phoenix. Large, flexible 32,500-square-foot floorplates with 10-foot finished ceilings provide productive work space. One | Hundred | Mill offers ground floor retail and restaurant spaces for lease in both towers and 10,000 square foot of restaurant space in the Hayden House (former Monti's La Casa Vieja).
One | Hundred | Mill is located less than a block from the METRO light rail system's 3rd Street and Mill Avenue station and across the street from Tempe Beach Park and Tempe Town Lake. Downtown Tempe has become a magnet for innovative businesses and retailers with its central location within the Valley and its proximity to Phoenix Sky Harbor International Airport and Arizona State University.
In addition to DWC and Hensel Phelps Development, the project team includes Hensel Phelps Construction and Shears Adkins & Rockmore Architects. Cushman & Wakefield has the leasing assignment for One | Hundred | Mill with office leasing being handled by Jerry Noble, Patrick Devine and Greg Mayer and the retail leasing by Brent Mallonee and Rhonda Diaz Caldewey.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
