Tempe City Seeks Tenants for Historic Commercial Buildings on Mill Avenue
What happened
Tempe city acquired two historic properties on Mill Avenue: the Tempe National Bank building (1912) and the Tempe Hardware Building (1898). The city council approved an ordinance allowing the city to lease these buildings, which are located at 544 and 546 S Mill Ave. The city is currently seeking tenants for up to nine leases, all of which will be at market rate. Talks are reportedly underway with at least one tenant for the hardware building.
From abc15.com
Why it matters
The city intends to use the leases to bring life back to Mill Avenue by attracting retail or restaurant establishments. The initiative is managed by Special Projects & Economic Development Administrator Rutherford, whose goal is to preserve the history of the buildings in perpetuity.
From abc15.com
Who's involved
- TempeCity responsible for acquiring and leasing the commercial properties on Mill Avenue.
- MillHistoric business whose location is affected by the commercial leasing initiative.
- RutherfordCity's Special Projects & Economic Development Administrator overseeing the leasing program.