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Construction begins on nearly 2 million square-foot Tempe project

(Photo of the future Watermark)

PHOENIX — They’re calling it “the destination to work, live and play” in Tempe, Arizona.

With so much hype surrounding the Watermark, just breaking ground on the project is cause for excitement.

According to AZ Big Media, Fenix Development began work on the 1.9 million square-foot project earlier this week. The site of the future Watermark is at the north bank of Tempe Town Lake, where Club Rio and The Devil House used to be.

Construction is expected to be completed in the fall of 2018, where there will tentatively be office spaces, retail stores, apartments, a hotel and restaurants.

“It will be an inviting and vital gathering place with great amenities to serve the people who live in Tempe,” the Watermark website reads. “It will be your project, because it has been shaped by your input.”

AZ Big Media reports that Phase I of construction will include two buildings, with the first being a 15-story office building and the second serving more as a parking structure, going seven levels high with additional space for restaurants and retail.

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