The City of Tempe's website was updated yesterday with this new Active Development Case: "Villas at South Bank." It's located in that area just north of Rio Salado Parkway- across from Karsten Golf Course! Here's what it says:
Request for VILLAS AT SOUTH BANK (PL120046) (City of Tempe, property owner; Michel Hebrant, MDT Development Partners LLC, applicant) consisting of 262 units within a
17-story senior living facility (including assisted living and memory care components) and a 2-story commercial building, totaling 367,896 sf. in building area on 2.23 net acres, located at 1122 East Vista Del Lago Drive in the MU-4 (PAD), Mixed-Use High Density District with a Planned Area Development Overlay and the Rio Salado Overlay District.
Here is the link:
http://www.tempe.gov/maps/StandardDe...4-ee74f339949d