By Todd Setter

Wolff County of Scottsdale, Ariz., is currently busy piecing together components for its 3.6 million square foot “South Bank of Tempe Town Lake” project, which will be situated at the intersection of Rio Salado Parkway and Rural Road. Work on the infrastructure is now underway for this estimated $1.4 billion mixed-use project, with vertical construction likely to begin in 2010.

“We’re planning what should go in the first phase now,” said Tim Wolff, president and chief investment officer with Wolff County. Once the infrastructure is complete, he says specific timelines and phases will be unveiled at the end of this year or in early 2009.

While Wolff also added that market conditions will ultimately determine what will be built, the project is currently slated for 260,000-280,000 square feet of retail space and roughly 890,000 square feet in office space. Plans are also calling at this time for 2.2 million square feet of residential space, with another 230,000 square feet allocated for a hotel.

Todd Setter is the SFA’s market development representative for the West Coast.tsetter@steelframing.org.