According to published reports, a foreclosure date has been set for the Tempe hi-rise development in Downtown Tempe.  The date has been set for April 2010 with an unpaid debt of $135 million.

As unfortunate as this is, it is the start of what needs to happen in order to have the project finally completed.  According to the article, there are interested buyers waiting in the wings.  Stay tuned for more information as it becomes available.

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To learn more about urban living and the Downtown Tempe lifestyle please contact the downtown Tempe urban living broker:

Tom Tokoph | 602.549.9000

Designated Broker | Urban Realty & Development