TEMPE -- Plans are under way for WaterWalk, a multiuse lakeside
promenade to be built here.
WaterWalk construction begins next year, and plans call for 1
million square feet of office, retail, restaurant, theater and
shopping space on the north shore of the manmade Rio Salado Town
Lake. An outdoor stage for entertainment and a nightly laser light
show also are part of the plans.
Open-air markets and meandering streams will add to the ambience
and, according to an official, "draw Tempe citizens and visitors
back time and again."
Construction will begin this year on the 1,000-room Peabody
Hotel Tempe, which is part of the WaterWalk project. Its debut is
expected in 2002.
According to officials, the Peabody is to offer more than
125,000 square feet of convention and meeting space.
Water taxis will take visitors across the lake from the Peabody
The WaterWalk project is a venture of Jonesboro, Ark.-based
Belz-Burrow Development Group.