One needs only to see the construction cranes on the horizon to know that the city of Tempe is serious about going vertical. Downtown Tempe and the Tempe Town Lake areas have surpassed downtown Phoenix and the Biltmore area as the urban hotspot in the Valley.
Now the City of Tempe is putting it's attention on the redevelopement of Apache Boulevard. For decades this stretch has been the bane of Tempe with blighted apartment buildings and trailer parks and a lot of crime. Over the last ten years or so, Tempe has been slowly buying up land with the effort of taking back the area. Now, by applying the same forthought the city exhibited when encouraging the developement along Tempe Town Lake and the Mill Avenue District, they are working with developers to begin rebuilding the area.
Expect to see some mid-rise condos like the proposed Campus Edge Lofts, small single family home communities like the existing Newberry Terrace, new apartment buildings and businesses. It's a tough pill for some people to swallow but we recommend that for those people with vision and forsight, they check out the potential on Apache Boulevard and consider investing in that part of Tempe.
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