Downtown Tempe block may tower: $500 million project would include hotel, shops, condos.

From: The Tribune (Mesa, AZ) | Date: May 26, 2006 | Copyright information

Byline: John Yantis

May 26--A mostly vacant city block in downtown Tempe may one day be a glitzy, towering $500 million project that will feature office space, a downtown hotel, boutique shops and dozens of high-rise condominiums, according to plans released by developers Thursday.

Under the proposal, three groups of investors will transform an area between Seventh Street and University Drive and Forest and Myrtle avenues into the 1.5 millionsquare-foot University Square.

The plan includes a 30-story hotel condo tower with 225 rooms and additional condo units, a ...

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