DWC’s planned office and hotel project in Tempe, Ariz. was recently featured in the Business Real Estate Weekly of Arizona (BREW).
Tempe – The red hot market in Tempe is getting even hotter as new hotel and office towers are planned on Mill Avenue alongside the landmark Monti’s La Casa Vieja restaurant. The $150 + million office-hotel project is targeted for a 2.5-acre site located at the southwest corner of Mill Avenue and Rio Salado Parkway. The development is planned by a venture formed by Douglas Wilson Cos. in San Diego, Calif. (Douglas Wilson, chairman) and Phelps Development LLC, a subsidiary of Hensel Phelps in Greeley, Colo. (Jeff Wenaas, pres.). A portion of the Monti’s restaurant, called Hayden House, will be preserved in the development.
Click here to view the full story on BREW’s website.