59 Acres Slated for PotentialMixed-Use Development

TEMPE, AZ-Business Real Estate Weekly of Arizona reports that the last 58.5 acres within the 350-acre Papago Park Center could eventually be the site of Grand at Papago Park Center, a 3 million-square-foot, mixed-use development that would hold retail, hotels, office buildings and multi housing. BREW notes that the land’s owner, Papago Park Center Inc. recently filed an application in Tempe for a planned area development (PAD) overlay amendment, requesting high-density usage for the site.

Papago Park Center Inc., owned by Salt River Project, is proposing a development consisting of 19 buildings and seven parking structures on the site at 1151 W. Washington St., near the northeast corner of Priest Drive and Loop 202 (Red Mountain Freeway). If all goes according to plan, Grand at Papago Park Center could eventually offer 600 hotel rooms, up to 800 multifamily units, 27,000 square feet of restaurant space and an additional 7,000 square feet dedicated to other retail uses.