Commercial Development Areas

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Tempe is like no other city and as such, has opportunities to locate businesses in historic buildings, along our lakefront, at a state of the art research park and adjacent to the nation's largest university. Check out some of them.

Mill Avenue District
Tempe's historic Mill Avenue dates back to the 1800s as one of Arizona's first urban areas. Some of the original buildings still exist. Bookended by Arizona State University and Tempe Town Lake, Mill Avenue offers more than 20,000 jobs, more than 100 retail shops and restaurants and dozens of annual events, such as the Tempe Festival of the Arts, Third Thursday concerts, parades and more.

Light Rail Corridor
Tempe is the only Arizona city with light rail from border to border. Light rail moves from Apache Boulevard through downtown Tempe and heads into Phoenix. This multi-modal area offers land for development as well as a variety of space for large and small businesses. Residential opportunities are also available.

ASU Research Park
The 320-acre ASU Research Park offers its corporations a professional business environment, with mature landscaping and three lakes covering 18 surface acres. Recreation facilities include more than 6 miles of surfaced jogging and bike trails, picnic ramadas and three lakes. Park corporations are offered access to many university services, such as ASU Technical MBA program on site, cooperative research opportunities and patentable proprietary research contracts. Corporate neighbors include Edward Jones, ASU Flexible Display Center, Solterra Solar Cells and dozens more. Space is available for development. Contact or read the brochure. Below: an aerial photo of the ASU Research Park.

ASU Research Park aerial

Discovery Business Campus
This 135-acre business park at the northwest corner of Elliot and Price Roads will accommodate 11 industrial buildings offering approximately 1 million square feet of light industrial space, a portion of which is and will continue to be utilized by Freescale Semiconductors.

In total, when fully redeveloped, Discovery Business Park will consist of 2,580,000 square feet of building area.

Tempe Town Lake 
Why not work at one of your favorite places to play? Second only to the Grand Canyon as a publicly-owned destination, Tempe Town Lake is visited by more than 2.5 million people annually. Beyond the special events and recreation, Town Lake offers many development opportunities along its shores, as well as Class A office space. It neighbors Sky Harbor International Airport, the 2,000 acres of Papago Park and Mill Avenue. New opportunities await with I.D.E.A. Tempe, the new technology campus at Tempe Center for the Arts.  

Emerald Center
Land is available at Emerald Center, located at I-10 and Warner Road in south Tempe. This prime retail and commerical space is already home to Arizona's only IKEA, Dick's Sporting Goods, Eurway, Holland Boone, Lifetime Fitness, Arizona Patio, Tres Amigos, Total Wine and many others.

Fountainhead Corporate Center
Fountainhead Corporate Park is a 170-acre mixed-use project currently containing approximately 1 million square feet of office space and a 270-room resort. A 308-unit Mark Taylor apartment project is adjacent to the site. In the near future, a retail project of approximately 15,000 square feet will be constructed at the Broadway Road and 55th Street intersection to help serve the clientele from the Park. Corporate neighbors include University of Phoenix, East Valley Tribune and more. 

Papago Park Center and SRP Grand
Located in the geographic center of the Greater Phoenix Metropolitan Area, right at the junction of two freeways, Papago Park Center offers both available land for development as well as existing office buildings. The development is home to Fortune 500 companies as well as smaller companies. The SRP Grand site is a 58+ acre site at the base of Loop 202 and Washington, just minutes from downtown Tempe, downtown Phoenix and Sky Harbor International Airport. 

Watermark Tempe renderingThe Watermark Tempe
Watch a video. The Watermark will be the first high-end mixed-use project featuring class A office buildings, great restaurants, unique shops, luxurious multi-family units, and a future hotel on Tempe Town Lake. The project will include 265,000 sq ft office space, 360 apartments, and 44,000 sq ft of retail and restaurant.  Phase two includes of 340,000 square feet of additional office space.



Below: The Grand at Papago Gateway Center.TheGrand-Aerial_Night