For Multifamily Executive, Hamilton Zanze CEO Kurt Houtkooper details the reasons for optimism about the multifamily market and his company’s plans for 2024.Read
Construction Activity and Momentum Rise in Tempe, AZ
Several large construction projects are in the works in Tempe, AZ, notably a $600 million State Farm office complex, which will be the largest office building project in Arizona. Arizona State University is getting a $300 million revamp of its Sun Devil Stadium, and USA Place, a $350 million development set to break ground this summer, will house the headquarters of USA Basketball, a hotel, arena, and retail space.
The development projects are expected to bring jobs and people to Tempe. Tempe’s workforce is expected to grow by 29% by 2020.