Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Fenix Development is aiming to transform the Tempe skyline with its latest project, The Watermark. The Los Angeles-based developer is building a 1.9 million-square-live-work-play complex sprawling over 15 acres in Tempe Town Lake. Construction started last year, and the includes a 265,000-square-foot, eight-story class-A, spec office tower above a seven-story parking garage, a 360-unit luxury apartment complex, 44,000 square feet of retail and restaurant space and a 250-room on-site hotel. The office tower and a potion of the retail space is the first phase of the project, and will deliver in 2019.

“As one of the fastest growing regions in the country, the greater Phoenix metro is continually evolving—from its people to its culture to its buildings. In Tempe, home to Arizona State University and a budding tech hub located just minutes from downtown Phoenix, a new kind of suburban office destination is being led by developers with an eye on the future,” Mike Loretz, project manager with Fenix

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.