Modera Rio Salado, a mixed-use development with 319 units, receives green light Tempe City Council - Phoenix Business Journal

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The Tempe project totals more than 400,000 square feet on a roughly 5-acre site. phoenix

Hardy Rio Development is co-developing the project with Mill Creek Residential, which will handle the vertical construction of the development. Phoenix-based ORB Architecture is the architect.

Bonilla, who is president and CEO of Valley real estate firm Viaone, said this project is separate from the Viaone project umbrella. The site for the planned Moderna Rio Salado project is across the street from the IDEA Campus and located less than a mile to the east of the . Tempe City Council unanimously approved a development agreement late Tuesday evening that would allow the Coyotes' ownership to build a $2.1 billion district if Tempe voters approve it. to build the arena and entertainment district — which would include restaurants and other retail, hotels, offices and apartments — on 46 acres on the northeast corner of Priest Drive and Rio Salado Parkway. Tempe set a date for a special election in May 2023 to hold a referendum election on the development.

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