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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

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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.

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