The Tempe City Council unanimously gave approval to a plan by Phoenix-based Red Development to redevelop the Tempe Macayo’s Depot Cantina site into a mixed-use development, which also will preserve and restore the train depot on the site.
Red Development is planning to build a 17-story office tower totaling 319,000 square feet on the northern portion of the 2.5-acre site near Third Street and Ash Avenue, which is bisected by the light rail tracks, according to plans submitted to the city of Tempe. Plans call for constructing the two towers around and over the light rail tracks, creating a space where the train will travel through the buildings.
The office tower will include 10 stories of commercial office space, which the developer’s application to the city said will “entice creative tenants to meet today’s market need and future growth who can benefit from the downtown district.”
For the second tower, Red Development is planning an 18-story, five-star, full-service Hilton-branded hotel with up to 280 guest rooms, according to city documents.
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