Tempe Marketplace taking shape - East Valley Tribune: Business

Tempe Marketplace taking shape

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Posted: Tuesday, May 2, 2006 6:18 am | Updated: 2:34 pm, Fri Oct 7, 2011.

With landmovers and cranes kicking up dust along Rio Salado Parkway, construction is well under way at Tempe Marketplace.

After months of tearing down old buildings and removing debris, new building frames should soon be coming out of the ground. Here’s a quick look at what’s behind all the dust, the orange cones and the bright blue Vestar semitrucks parked on the property and visible from Loop 202.

CENTER FACTS

• 117 acres

• 1.3 million square feet of retail space.

• Estimated to cost $250 million to build.

• More than 450,000 cars drive by the site every day.

• Will have more than 100 retailers, restaurants and businesses once finished.

• Developed by Vestar, who also developed Desert Ridge in the north Valley.

ECONOMIC IMPACT

• Expected to employ 4,000 construction workers at peak.

• Annual gross sales are expected to be $316 million.

FEATURES

• Outdoor amphitheater that can seat 300.

• 100-foot laser tower that provides night-time visuals that can be seen from the center, the highway and the air.

• Elevated patios.

• Misters throughout.

• Outdoor fireplaces.

• Fountains.

NEWLY ANNOUNCED TENANTS

• Cingular Wireless

• Finish Line, sporting goods

• Francesca’s Collection, jewelry

• Ghenghis Grill, Mongolian stir-fry

• No Fear, clothing

• Quiksilver, clothing

• Skechers, clothing

• TCF Bank

• Tealuxe, tea bar and cafe

• Urban Angels, women’s clothing

• US Bank

GETTING IT BUILT

• Preliminary work started in December 2005.

• Official groundbreaking is Jan. 31.

• Center is expected to open in May 2007.

  • Discuss

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