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Fenix Development Starts Work on 1.9 msf AZ Mixed-Use Campus

6/12/17

Fenix Development, out of Los Angeles, has broken ground on Phase I of The Watermark | Tempe at the north bank of Tempe Town Lake in Tempe, AZ. Phase I of the 1.9 msf mixed-use development will include 250k sf of Class A office space, 44k sf of high-end restaurant and boutique retail service space, and 360 luxury apartments.

Future phases include a second 360k sf office tower, an additional 20k sf of restaurant and retail space, and a 170-room business-class hotel. Fenix Development is scheduled to deliver Phase I in the fall of 2018.

At build-out, Phase I will include two buildings. The first building is a 15-story structure with premium Class A office space starting on the eighth floor and extending to the penthouse on the 15th floor. The office space will sit on top of the seven-floor parking structure and features full height floor-to-ceiling glass around the entire building. The street level will feature 18.3k sf of high-end restaurant and retail space that overlooks the Watermark plaza and splash pad water feature – the center and focal point of the property.

The second building includes a seven-level parking structure with an additional 25.6k sf of high-end restaurant and retail space with street level frontage along Watermark’s main driveway facing Scottsdale Road.

The project was designed by Nelsen Partners, Design Workshop, Erickson and Meeks Engineering and PK Associates and is being built by Okland Construction. The office building’s penthouse includes the Sky Lobby that houses tenant amenities such as the Sky Game Room, Sky Fitness Center, Sky Lounge, Sky Conference Center and Sky Terrace. A 90-foot Skywalk will connect the north parking structure to the eighth floor Sky Lobby and stands 80 feet above the ground floor retail and parking.

Cushman & Wakefield’s Mike Beall, Chris Walker, Sean Spellman and Jeff Wentworth serve as the exclusive office leasing agents. Brent Mallonee and Golden St. John, also with C&W, have the retail leasing assignment for The Watermark | Tempe.






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