A 400,000-square-foot Class A build-to-suit office building is planned for vacant land along Rio Salado Parkway and Vista del Lago Drive east of Rural Road in Tempe. A master plan for the adjacent parcels of land includes hotels, multifamily housing and retail along Rio Salado.
On the west side of Rural Road, a 15-story, 265,000-square-foot Class A office building called Watermark Tempe is under construction and scheduled to be completed in summer 2019.
Lincoln Property and Goldman Sachs are building a 352,000-square-foot spec office building to the east of the Watermark along the lake’s south shore. That project broke ground in April.