Sneaking under the development radar largely unnoticed is the very first housing development to break ground in Downtown Tempe since the “Great Recession”.  It is also the first development to break grown within the forthcoming master planned site known as the “Farmer Arts District”.  What is the building?  It is the 5 story “Senior Housing Development at The Farmer Arts District”.  We assume this is the building’s “working” title and the official marketing name for the 55+ community is yet to be announced.  We’re also under the impression that the renderings we are showcasing here on this blog are not complete and are only designed to give a sense of the place as opposed to the final finished product.

According to City submittals, the goal of the development is to turn the vacant land into a pedestrian friendly, tree lined neighborhood street.  Essentially, “where the heart of the neighborhood meets the heart of the city”.  The units will be for lease, not for sale and the rents will be controlled for lower income individuals.  To read all about this new development, click the link here to read the City of Tempe Development Plan Review.

If you are having a hard time placing just where the development is located, see the map below:

No matter what your Downtown city living preferences are, you can be sure of this... Urban Realty has it all.  For more information on living, working, or playing in Downtown Tempe, contact the Broker who specializes in only that!

Email Tom Tokoph | 602.549.9000

Designated Broker | Urban Realty & Development