State Farm, USA Basketball set to call Tempe homePosted: Updated:
TEMPE, Ariz. -- A $600 million project is set to change the skyline of Tempe Town Lake.
The Arizona State University parking lot and land behind Sun Devil Stadium will soon be bustling with construction as State Farm brings its regional hub to the Valley.
Sunbelt and Ryan are the developers for Marina Heights, a two million square foot complex.
The first rendering of the project was unveiled Wednesday at a kickoff event.
Approximately 8,000 State Farm employees will work out of the complex, which will be built over four years. Some of the office space, however, will be ready in 2015.
But State Farm isn’t the only big name heading to Tempe.
USA Basketball has announced that it will be moving itsheadquarters to Tempe.
A state of the art complex will be built on the corner of Mill Avenue and University.
The $350 million project will house a basketball facility where tryouts and training for top U.S. teams will take place.
The complex will feature five full basketball courts, a luxury hotel, a conference center, apartments, and office and retail space. It is expected to bring an estimated 300,000 people to Tempe every year.
Crews are expected to break ground on USA Basketball’s headquarters later this year.
The facility is expected to be completed by the end of 2015.