Arizona s Most Unique Urban Opportunity

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2 An opportunity exists for the development and design community to rethink what to control and what not to control, recognizing that each context and each project are different. The goal remains unchanged: to allow individual creativity and diversity to produce a collective space. URBAN LAND INSTITUTE Arizona s Most Unique Urban Opportunity D I V E R S E. I N N OVAT I V E. P RO G R E S S I V E. The waters of Tempe Town Lake reflect the lights and energy of South Bank. Encompassing 27.3 acres and 3.6 million square feet on the south shore of Tempe Town Lake, South Bank will be an interconnected, urban community of office, retail, hotel and residential space. Local and national planners and architects have worked to create dynamic, highly active streetscapes that reflect the already-established and prized character of the City of Tempe. 1

3 METRO PHOENIX Front & Center C O N V E N I E N T. AC C E S S I B L E. V I S I B L E. TEMPE There is no other location in the Valley that offers the convenience, accessibility and visibility South Bank provides. With a population just over 4 million, the Phoenix metropolitan area continues to be a leader in population and economic growth compared with other large U.S. cities. And Tempe, home to the nation s largest university system, is the most densely populated city in Arizona and serves as a crossroads for the area s largest communities. In addition, Tempe is a critical hub of the state s first light rail line, which connects the city to the core of downtown Phoenix. MAJOR FREEWAYS CONVERGE NEAR TEMPE S BOUNDARIES, MAKING IT THE EASIEST CITY TO ACCESS IN THE VALLEY TRAFFIC COUNT COMPARISON RURAL RD RIO SALADO PKWY 2 3

4 A PEDESTRIAN-FRIENDLY ENVIRONMENT A CENTRAL PLAZA, A MIX OF MID- AND HIGH-RISE BUILDINGS, PUBLIC PARKS, A LAKESIDE BOARDWALK AND AN ICONIC PIER TEMPE, AZ A LINK TO AN INNOVATIVE MAJOR UNIVERSITY AS WELL AS THE VIBRANT PEDESTRIAN SCENE OF MILL AVENUE CONNECTED TO SKY HARBOR AIRPORT, NUMEROUS SPORTING VENUES, MUSEUMS AND THEATERS BY LIGHT RAIL 4,000,000 2,700, ,000 64, VISITORS PER YEAR VISITORS ANNUALLY WHO ATTEND THE MORE THAN 100 EVENTS ON MILL AVENUE AND AT TEMPE TOWN LAKE, INCLUDING THE NEW YEAR S EVE BLOCK PARTY, TEMPE S 4TH OF JULY CELEBRATION, THE ROCK N ROLL MARATHON AND NUMEROUS ARTS FESTIVALS, NONPROFIT FUNDRAISERS AND ATHLETIC EVENTS CARS THAT TRAVEL THE INTEGRATED FREEWAY SYSTEM AROUND SOUTH BANK EACH DAY* STUDENTS ENROLLED DURING 2007 IN THE NATION S LARGEST UNIVERSITY SYSTEM, ARIZONA STATE UNIVERSITY ACRES INCLUDED IN TEMPE TOWN LAKE, THE LARGEST BODY OF WATER WITH DEVELOPABLE WATERFRONT IN METRO PHOENIX LIGHT RAIL STATIONS TO OPEN IN TEMPE BY 2009, INCLUDING A TRANSIT CENTER FOR BUSES, BIKES AND TRAINS *The freeway system around the site includes traffic on Loop 202 and Loop MILLION PEOPLE WITHIN 10 MILES 3 MILLION PEOPLE WITHIN 25 MILES A continual leader in growth, Phoenix remains among the top 10 most populous cities, a list that also includes San Jose, Houston and Dallas. Population growth and increased density fuel a city s economy with larger businesses and greater job opportunities. And the increase also brings diversity and cultural opportunities to a city. POPULATION 4 5

5 What They re Talking About For pure urbanity, Tempe is leading the way with its diverse walkable environments. - VERN SWABACK President, Swaback Partners, Urban Land Magazine, November 2007 GOOD DESIGN MAKES PEOPLE TALK; great design brings people together. South Bank will serve as a bridge for the city of Tempe, creating a walkable district along Tempe Town Lake that unifies several pieces of the heart of the city. South Bank s design and density will stimulate community spirit and an urban lifestyle. WHEN JAMES ELMORE, the then-dean of the College of Architecture at ASU, challenged his students to utilize the dry Salt River bed in a design concept, they came up with the Rio Salado Project. It s a privilege to be a part of the Tempe community and Arizona State as one of the last major pieces of this vision takes shape. SOUTH BANK IS A CRITICAL LINK in an area of Tempe that s about to experience explosive growth. It has the kind of density that will make it a truly significant, urban, mixed-use environment, and it s an opportunity to be a part of an area that will have the connectivity to other parts of the community and diversity of population to create a unique AS A BUSINESS LEADER in Tempe, I know how important development on Town Lake is to the economic future of the metro area. Already, Town Lake is home to incredible public parks and amenities, arts and entertainment, and a variety of other attractions. South Bank will add to the synergy that makes this area one of the best locations in the Southwest to do business. WHEN GOOGLE WAS LOOKING FOR A SITE, we were searching for a city that exemplified our progressive company culture and one our employees would enjoy living in. Tempe was a perfect match. The Valley of the Sun offers a well-educated, dynamic talent pool, and Tempe s quality of life is among the best in the nation. We ve found Tempe to be a truly - PETER KOLIOPOULOS Principal, Circle West Architects, P.C. - DUKE REITER Dean, ASU School of Design place to live, work and play. - MAYOR HUGH HALLMAN City of Tempe - MARY ANN MILLER President/CEO, Tempe Chamber of Commerce great city for businesses. - JAIME CASAP Business Operations Manager, Google Tempe 6 7

6 A Place of Discovery AUTHENTIC. RELEVANT. HUMAN SCALE. A pedestrian-focused design, including a central plaza, public parks, a lakeside boardwalk and an iconic pier, makes South Bank unlike anything in the Valley. A continuous linear park connects the South Bank District to the vibrant university and pedestrian scene of Mill Avenue. 3,600,000 DEVELOPABLE SQUARE FEET* 2,200,000 SQUARE FEET OF RESIDENTIAL SPACE* 890,000 SQUARE FEET OF OFFICE SPACE* 280, ,000 SQUARE FEET OF RETAIL SPACE* SQUARE FEET OF HOTEL SPACE* The importance of pedestrian public spaces cannot be measured, but most other important things in life cannot be measured either: Friendship, beauty, love and loyalty are examples. Parks and other pedestrian places are important to a city s happiness. PROJECT FOR PUBLIC SPACES 27.3 ACRES OF WATERFRONT PROPERTY* 8 *Estimated Numbers 9

7 R E S I D E N T I A L R E TA I L 2,200,000 SQ. FT. 280,000 SQ. FT. HOTEL OFFICE 230,000 SQ. FT. 890,000 SQ. FT

8 Where Business Gets Done VISIBLE. CONNECTED. DIVERSE. As South Bank s workforce looks out, the Valley is looking back. Those who work here will enjoy unprecedented visibility from four sides, and a viewing audience of an approximate half-million cars daily*. Accessibility couldn t be simpler: Take one of two adjacent freeway exits, turn once and you have arrived. *The freeway system around the site includes traffic on Loop 202 and Loop 101. ACCESSIBILITY TO FREEWAYS KIERLAND COMMONS 2.5 MILES BILTMORE FASHION PARK 1 MILE SCOTTSDALE FASHION SQUARE 2.7 MILES SOUTH BANK 1 MILE 12 13

9 OFFICE No. 1 METROPOLITAN PHOENIX RANKING IN JOB GROWTH AMONG LARGE METRO AREAS NATIONWIDE No. 2 GREATER PHOENIX RANKING IN INC. MAGAZINE, WHICH EXAMINED BEST LARGE CITIES FOR DOING BUSINESS No. 3 FORBES MAGAZINE RANK FOR GREATER PHOENIX IN ITS BEST CITIES FOR JOBS LIST 175 K PEOPLE WHO WORK IN TEMPE, WHICH EXCEEDS THE NUMBER OF PEOPLE WHO LIVE THERE (165,000) 500 K CARS THAT TRAVEL THE INTEGRATED FREEWAY SYSTEM AROUND THE SITE EACH DAY* 14 *The freeway system around the site includes traffic on Loop 202 and Loop

10 Where You Stay ICONIC. AUTHENTIC. CONVENIENT. Talk about a room with a view. South Bank s hotel will be an iconic beacon, perfectly situated on the waterfront promenade adjacent to the plaza and pier, and visible from miles away

11 50% OF NON-RESIDENT DOMESTIC OVERNIGHT LEISURE VISITORS HAVE AN INCOME OF $75,000 OR GREATER 33.7 MILLION DOMESTIC AND INTERNATIONAL OVERNIGHT VISITORS TO ARIZONA, EQUAL TO ROUGHLY 92,000 VISITORS PER DAY IN MILLION PASSENGERS AT SKY HARBOR AIRPORT IN 2007, REPRESENTING AN 18.7 PERCENT INCREASE SINCE 2002 $18.6 BILLION DIRECT TRAVEL EXPENDITURES BY ALL VISITORS TO ARIZONA IN 2006 $20 MILLION ESTIMATED DOLLARS THE CITY OF TEMPE LOST IN 2006 DUE TO LACK OF HOTEL OPTIONS AND SPACE, ACCORDING TO THE TEMPE CONVENTION AND VISITORS BUREAU HOTEL 18 19

12 Retail Evolved ECLECTIC. DYNAMIC. ACCESSIBLE. Winding through South Bank is a retail core of inviting shops and one-of-a-kind store environments. Guests will find 280,000 square feet of retail, including modern boutiques, progressive brands and neighborhood markets. A restaurant-intense waterfront promenade adds to the experience an experience made richer by the scale and character of buildings and by a relentless attention to design details that reinforce the ambiance

13 2,800 PEOPLE 7,000 PROFESSIONALS WHO WILL WORK IN THE 700,000+ SQUARE FEET OF OFFICE SPACE AT SOUTH BANK* We re seeking more meaningful, deeper cultural connections to places where people want to be. - TIM WOLFF, CO-PRESIDENT, THE WOLFF COMPANY WHO WILL CALL SOUTH BANK HOME* 5,000 CONDOMINIUMS BEING BUILT WITHIN TEMPE S CENTER* 780 EMPLOYEES WHO WILL WORK IN THE 250,000+ SQUARE FEET OF RETAIL AT SOUTH BANK* 12% EXPECTED POPULATION GROWTH FOR THE AREA IN THE NEXT FIVE YEARS RETAIL 22 *Estimated Numbers 23

14 Beyond Urban Living DIVERSE. VIBRANT. CHARACTER. People who live here don t spend their days in traffic most of what they want and need is here or nearby. Services and amenities such as dry cleaning, casual restaurants, pharmacies and markets are part of the neighborhood fabric. The proximity to Tempe Town Lake and Tempe Beach Park puts residents a short walk away from concerts, art shows, craft fairs, community experiences, sporting events and more

15 No.1 GREATER PHOENIX IS THE TOP DESTINATION CITY FOR AMERICANS MOVING FROM OTHER STATES, ACCORDING TO BUSINESS 2.0 MAGAZINE South Bank provides an active, outdoor lifestyle which is very difficult to find in the metro Phoenix region. Our intent is to foster a dynamic outdoor environment where people interact. PETER WOLFF, CO-PRESIDENT, THE WOLFF COMPANY 1,400 FOR-SALE AND FOR-RENT RESIDENTIAL UNITS IN SOUTH BANK* 280,000 SQUARE FEET OF RETAIL WILL INCLUDE NEIGHBORHOOD AMENITIES AND SERVICES SUCH AS DRY CLEANING, CASUAL RESTAURANTS, PHARMACY, MARKETS AND GROCERS WITHIN THE DISTRICT* RESIDENTIAL 26 *Estimated Numbers 27

16 25 NUMBER OF OLYMPIC-SIZE SWIMMING POOLS THAT COULD BE FILLED ANNUALLY WITH WATER SAVED DUE TO THE SUSTAINABLE PRACTICES EMPLOYED AT SOUTH BANK (1) Development with Integrity RESPONSIBLE. SUSTAINABLE. THOUGHTFUL. Within the metropolitan Phoenix area, few opportunities exist for well-integrated vertical development of this magnitude. South Bank s planners and architects considered the energy and ethos of Tempe and the region as they created a district that is part of the greater whole, a connected extension of Tempe s rich heritage. South Bank is committed to environmental sustainability by using best practices in sustainable construction methods and by providing essential services and amenities within the district, which reduces vehicle trip miles. The district s connectivity to university life, Mill Avenue, Tempe Town Lake s recreational opportunities and the light rail system make it ideally situated to limit commuting time. Be smart, green and sustainable. FRANK LLOYD WRIGHT HOURS REDUCED DRIVING TO WORK EACH YEAR BY THE AVERAGE SOUTH BANK RESIDENT (3) DOLLARS SAVED ANNUALLY IN GASOLINE BILLS BY THE AVERAGE SOUTH BANK TENANT OR RESIDENT (2) 60,000 NUMBER OF TREES SAVED BY OFFSETTING CO2 EMISSIONS AT SOUTH BANK (1) (1): Assumed savings based on saving 15% of standard office, retail and residential water and energy usage upon complete buildout of project. (2): Assumed savings based on a reduced mileage of 8.4 miles per day, a standard 20.4 mpg vehicle and $3/gallon gasoline. (3): Assumed savings based on reducing drive time 16 minutes per day and a standard five-day work week

17 A Lasting Legacy ENDURING. TIMELESS. COMMITTED. The Wolff Company is a third-generation real estate investment and development company based in Scottsdale, Arizona, and founded in 1949 by Alvin J. Wolff Sr. in Spokane, Washington. The firm acquires and develops real estate, primarily in the Western United States, and is immersed in every aspect of the development, architecture and design, construction and management of its properties. For more information, visit We are doing our best to leave the best behind because South Bank is going to outlive us. ALVIN J. WOLFF JR., CHAIRMAN, THE WOLFF COMPANY 30 31

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19 WWW. SOUTHBANKTEMPE. COM This brochure is printed on paper that has been certified by the Forest Stewardship Council