3rd high-rise to join Lakeside development

Ryan Cos. U.S. Inc. announced last month that it will build a 10-story office tower on the southern shore of Tempe Town Lake next to two existing office high-rises that house major financial and tech businesses. The tower, Hayden Ferry Lakeside III, will be constructed on the northeastern corner of Mill Avenue and Rio Salado Parkway. The building's curving cobalt-blue design will mirror the existing commercial and residential developments on the south side of Town Lake. With office space virtually full at Hayden Ferry Lakeside I and II, the lake properties that Parkway Properties Inc. recently purchased immediately east of the new project, Tempe officials said Town Lake is a sought-after site for high-profile businesses wanting a prominent setting to showcase their companies. The existing Hayden Ferry Lakeside buildings' recent additions include Silicon Valley Bank, which will soon move into one of the high-rises, and Xhibit, a digital-media company relocating from Michigan. Microsoft, KPMG and Smith and Barney have offices in the towers.

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