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  #8741  
Old Posted Yesterday, 3:30 PM
Mr.RE Mr.RE is offline
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Join Date: Apr 2018
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Quote:
Originally Posted by CBar View Post
August 22, 2019: "$87M Construction Loan Closed on Westin Tempe"

https://www.connect.media/87m-constr...-westin-tempe/

This should further speed up the construction.
That's some real confidence to finance all the demo, excavation and base work with equity/cash W/O a secured loan. Ready for this to rise!
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  #8742  
Old Posted Yesterday, 5:17 PM
azsunsurfer azsunsurfer is offline
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Join Date: May 2007
Posts: 772
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Originally Posted by CB1 View Post
[*]Also, from the freeway it looked like they were clearing dirt for another phase of Watermark behind the apartments. Can't remember off the top of my head but I think that area was planned for either a hotel or more apartments.

Good stuff, thanks for the updates. From what I last read....after the first phase at Watermark is completed the parcel behind the apartment was going to be sold in order for a hotel to be built. Hopefully it gets built sooner than later.
From my understanding the next phase includes an expansion of the existing parking garage with a hotel on top of it and a tower that is either going to be apartments or condos and a taller office tower on the lake side.
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