Downtown Tempe has seen tremendous growth over the last few years and now an exciting new project will be taking the Tempe Town Lakefront to another level. The Watermark is a 1.9 million sf project that creates an emotional link between the old and the new spaces of the city.
Nestled against the northern bank of Tempe Town Lake comes The Watermark, a new development unlike any other locally, created by and for Tempe’s current and future residents. In a unique move, The Watermark’s creation was a collaboration between the developers and current city residents. The result is a pedestrian-friendly, inviting, vibrant and sophisticated destination.
Sporting 1.9 million square feet upon completion, The Watermark is a high-end, mixed-use project by Fenix Development. Currently under construction, it will include luxury apartments, premium office space, carefully selected restaurants, retail shops, and a business-class hotel.
The project will also be central to the current rise of Tempe as a tech hub, offering an attractive office and living space option to the many companies relocating from Silicon Valley and Austin, Texas.
Phase I of the project is currently underway and includes a 250,000 sf office tower, 43,000 square feet of restaurant and retail space, and 360 luxury apartments. This phase is scheduled to be completed in January of 2019.
Future phases include a second 360,000 sf office tower and an additional 20,000 square feet of restaurant and retail space, and a 170 room hotel.
In the office tower, details will include floor-to-ceiling glass around the building, offering spectacular views of the Valley and Tempe Town Lake; an impressive Sky Lobby with amenities such as the Game Room, Fitness Center, Lounge, Conference Center and Sky Terrace; and a Skywalk Bridge that will connect a parking structure to the eighth floor Sky Lobby. Additionally, the Skywalk Bridge will be lit at night and will display kinetic shimmering dishes, resembling fish scales glimmering in the sun.
The 85-foot-tall residential building will include two resort-style pools; a 4,000 sf, glass-walled fitness center overlooking the lake; an aquatic activities center; an outdoor movie theater; a business center; and a clubhouse.
Other development features include a splash pad located in the center plaza of the development.
The Watermark is located at 430 N. Scottsdale Road, Tempe. For more information, visit www.watermarktempe.com.
About Fenix Development
Fenix Development is a vertically integrated real-estate development company specializing in mixed-use projects in Southern California, Nevada, and Arizona. Its executive group has over 100 years of combined experience in real estate investment, development, and management. Fenix Development manages the development and investment process from acquisition, planning, and entitlement to construction and disposition. The company’s core investment strategy is centered around creating a vision for specific investment opportunities with potential for significant capital appreciation through land entitlement, development, repositioning and creative design.