The city of Tempe is moving forward with agreement negotiations for the development of the city’s first biomedical and technology campus on 18 acres of land west of the Tempe Center for the Arts. The property is located on Rio Salado Parkway, on a site that will require environmental remediation.
The city council selected a partnership of three businesses to negotiate with the city on a development agreement. The selected development team–made up of The Boyer Company, SmithGroupJJR and Okland Construction–has proposed a phased project of five individual five- to eight-story buildings totaling approximately 1 million square feet, along with two parking structures with about 2,500 spaces.
Donna Kennedy, Tempe economic development director, tells GlobeSt.com: “Bioscience and technology are two areas in which we see huge potential for growth in our region. We have already seen tremendous growth in the number of tech companies coming to Tempe in recent years. The addition of more facilities, more wet and dry lab space, will bring even more companies to our community, along high-paying jobs and research that can solve global issues.”
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via GlobeSt.com | Lisa Brown
