Tag Archives: Marina Heights

Loop 202 - AZ Business Magazine Oct/Nov 2006

Wood Partners to Break Ground on Alta Tempe, 296-Unit Luxury Apartment Building in Tempe

Wood Partners will break ground in early 2014 on Alta Tempe, a 296-unit luxury apartment complex at University Drive and Dorsey Lane near the new Marina Heights, which will be the state’s largest office park when it is completed. Construction of the 270,000-square-foot apartment building, situated on 7.1 acres, should be complete by June 2015. Alta Tempe will begin pre-leasing in third quarter 2014.

The contemporary four-story apartment complex, designed by Womack and Hampton, will be built by Wood Partners. It will include 180 one-bedroom units, 104 two-bedroom units and 12 three-bedroom apartments averaging 892 square feet. The units will have granite countertops, upgraded appliances and vinyl plank flooring; entrances will be buffered by conditioned corridors for energy efficiency. Residents will have access to cutting-edge amenities, including a fitness center, resort-style pool, 8,000-square-foot hospitality-style clubhouse with a living wall system (vertical garden), a four-story observation deck with views of Camelback Mountain and all of northern Phoenix, as well as a few other amenities that cannot be disclosed at this time.

“Other projects in the area are being constructed at bases 40-60% higher than this development and the rents will reflect this disparity as the value proposition at Alta Tempe will be off the charts,” said Todd Taylor, Phoenix developer for Wood Partners. “Its location near downtown, Arizona State University and the new Marina Heights office development—a big game changer in Tempe—is certainly an important part of the story, and residents will be within walking or biking distance to two metro transit stations.”

According to the National Association of Home Builders’ formula to determine the local impact of multifamily housing in typical metro areas, adding nearly 300 rental apartments will generate $23.7 million in local income, $2.5 million in taxes and other revenue for local governments, and 366 local jobs in Tempe.

When it is complete in 2017, Marina Heights will include two million square feet of office space and 40,000 square feet of service retail. State Farm Insurance will locate one of its four nationwide operation centers there. Project developers expect the first buildings to be occupied in mid to late 2015.

Tempe Town Lake July 4th Festival

Tempe lands state’s largest office development deal

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

Tempe Town Lake July 4th Festival

Tempe lands state's largest office development deal

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

tempe

Ryan Companies US, Sunbelt Holdings To Co-Develop 2 MSF Multi-Use Office Development In Tempe

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.