Construction begins on State Farm's Tempe development - New York News

Construction begins on State Farm's Tempe development

Posted: Updated:
TEMPE, Ariz. -

From a parking lot to 2-million square feet of commercial space. The Tempe Town Lake front is being transformed.

The city's mayor and Governor Jan Brewer helped kick off construction on what's being called the 'Marina Heights Development.'

"Today we kick off the construction of a 2 million square foot $600 million office complex, wow," said Brewer.

"What currently sits as a parking lot will grow into the largest commercial development history in the state of Arizona," said Tempe Mayor Mark Mitchell. "Attracting thousands of jobs and even more quality development in and around the lake. New jobs and residents translate into revenue."

The Tempe Town Lake front is about to change. A video rendering of the Marina Heights development was revealed Wednesday at ASU Sun Devil Stadium, where the Tempe mayor, the governor and State Farm execs kicked off construction of what's being called the "largest office deal in Arizona history."

"By the time this project is done State Farm will have created up to 8,000 jobs in the state of Arizona," said Brewer.

The mixed-use development includes 5 office buildings leased by State Farm, retail, and a 10-acre plaza to be built over the next four years.

"State Farm didn't pick Tempe by accident. We have worked hard to make a foundation and make wise investments, to create an environment where companies want to do business," said Mitchell.

State farm expects to move much of its valley workforce into Marina Heights. The first building is expected to be done by 2015.

"I commit to you, we look forward to being good neighbors to this area for many many years to come," said Mary Crego, State Farm Senior VP.

Didn't find what
you were looking for?

  • Local NewsLocal NewsMore>>

  • Hope's Land of Candy

    Hope's Land of Candy

    Monday, September 1 2014 8:13 PM EDT2014-09-02 00:13:34 GMT
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
  • Subway bedbug infestations on the rise

    Subway bedbug infestations on the rise

    Monday, September 1 2014 6:48 PM EDT2014-09-01 22:48:09 GMT
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
  • West Indian Day Parade steps off amid shootings

    West Indian Day Parade steps off amid shootings

    Monday, September 1 2014 6:05 PM EDT2014-09-01 22:05:47 GMT
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices