Plans are underway for the construction of two towers that will be built on a 2.5-acre site in Tempe adjacent to a historic train depot.
Red Development, based in Phoenix, wants to build the towers, which will be divided by a several light rail tracks, near the intersection of W.Third Street and Ash Avenue.
As planned, the project will also be partly built over existing light rail tracks in a bridge formation.
One of the towers will top out at 17 stories and be confined largely to office space, while the other tower will be 18 stories tall, with a 280-room hotel that will additionally include 15,200 square feet of retail space and conference space measuring at least 9,400 square feet.
An additional feature of the project will see the construction of nearly 419,000 square feet of parking space in the taller tower on the 7th floor.
Red Development has also said that it wants to restore a nearly 100 year-old brick train depot originally built by the Arizona Eastern Railroad that still stands at the site.
Plans for the project are currently awaiting City of Tempe approval.
Red Development has spearheaded large mixed-use projects in Arizona, Nevada, Texas, and the Midwest.
By Garry Boulard
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