Tempe to expand Hayden Ferry Lakeside -- eventually

Today in the shadows of the Hayden Ferry Lakeside commercial development, Tempe officials articulated the city’s accomplishments since the recession nearly strangled the country’s economy. The verbal pats on the back were palpable as Mayor Hugh Hallman said he knew in March 2008 that Tempe would be the first city in the Valley to transcend the debilitating effects of the economic downturn. “I knew it would turn around fast,” Hallman said at the press conference that mostly was designed to celebrate Ryan Cos. plans to build a third office tower at Hayden Ferry Lakeside. The only thing that wasn’t mentioned was that the CBRE brokerage firm in Phoenix has to find a primary building tenant before any ground will be unearthed. So, nothing is imminent, given that it’s not so easy finding large tenants these days. Especially since some of the biggest local tenants already have moved into new spaces across the Valley.

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