3 Tempe Town Lake Developments are Going up. Here’s What Might Come Next Article originally posted on AZ Central on November 8, 2019 Office complexes, hotels, condos and apartments have sprouted around Tempe Town Lake since it opened in November 1999. A dozen or so developments sprawl across multiple buildings and 13.8 million square-feet. Another three projects that will eventually add 2.7 million square-feet of development are under construction, according to the city. Approximately 100 acres of waterfront property and lake-adjacent property are left to be developed. Here’s a look at projects under construction and planned around Tempe Town Lake. Watermark Tempe Watermark Tempe will include offices, apartments and restaurant and retail space on nearly 15 acres off Scottsdale Road just south of Loop 202. The first phase includes a 16-story office complex that is expected to open in early 2020. Opendoor, an online service to buy and sell homes, and WeWork, a coworking space, have leased five floors in the building. A salon, juice bar and gym will open in the retail and restaurant spaces in early 2020, along with a 360-unit apartment complex called Aura Watermark. The apartments already are open, as the amenities are being completed. A future phase calls for a hotel with 250 rooms. IDEA Tempe The Boyer Company is building more than 1 million square feet of office, retail and hotel space on 18 acres of city-owned land along Rio Salado Parkway, immediately west of Tempe Center for the Arts.