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Construction begins on I.D.E.A. Tempe, new research, technology and arts campus next to Tempe Center for the Arts

Post Date:05/14/2018 8:00 AM

Construction begins this week on I.D.E.A. Tempe, a new research, technology and arts development adjacent to Tempe Center for the Arts sponsored by Northern Trust (TCA), 700 W. Rio Salado Parkway.

The 1 million-square-foot phased project, which covers 18 acres west along Rio Salado Parkway, will include two parking garages, five technology and research buildings, restaurant and retail space and 40,000 square feet of dedicated arts space. The development is a partnership between the City of Tempe and The Boyer Group. Watch a video about the project

Construction
Parking at TCA will be impacted while the parking garage and first tenant building are under construction. Patrons are encouraged to arrive about 20 minutes early for performances. ADA parking and a passenger drop-off area will be located at the front of TCA. As an option, ridesharing services such as Lyft and Uber are available. Check here for parking information.

Performances at Tempe Center for the Arts will not be affected by construction. The venue will remain open during its regular hours so patrons may continue to enjoy the Gallery at TCA and events such as EDGE Happy Hour, Walk-in Wednesdays and more. Visit www.tempecenterforthearts.com for information on exhibitions, events and shows. 

Benefits
“This development will bring new jobs, new discoveries, new businesses, new art space and new revenue to the City of Tempe,” Mayor Mark Mitchell said. “More than that, I.D.E.A. Tempe will create a synergy of arts and sciences.”

As part of the phased project, a 40,000-square-foot arts annex will wrap one of the parking garages, providing rehearsal space, classrooms and more arts opportunities.

The project will follow LEED sustainability standards, such as solar panels on rooftops. Boyer and Okland Construction have agreed to an apprenticeship/highly skilled labor workforce program for this project, bringing opportunity to students and members of our workforce. 

Technology space is in high demand in Tempe. The city leads the nation in absorption of tech office space, according to the CBRE Tech 30 report. Commercial space in the downtown Tempe area is at less than 2 percent vacancy. 

I.D.E.A. Tempe will offer workforce members the recreational benefits of Tempe Town Lake, the cultural assets of TCA and the energy of Mill Avenue; standup paddleboard yoga in the morning and TCA entertainment at night.

I.D.E.A. Tempe is ideally situated for collaboration with aerospace and technology companies in Tempe and around the region. The development is just 2 miles from Arizona State University research facilities including ASU Biodesign Institute, Fulton School of Engineering and the School of Earth and Space Exploration. More than 100 companies have launched based on ASU innovations, bringing more than $600 million in funding to the area.
 
More than 15,000 people have technology jobs in Tempe. The median pay for these positions is approximately $90,000.

The first phase of the project will open in early 2020.

Visit www.tempe.gov/IdeaTempe for more information about the project. Companies interested in locating at I.D.E.A. Tempe should contact Maria Laughner, City of Tempe Economic Development, 480-350-8527, maria_laughner@tempe.gov.

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