Modern Boutique Hotel Expects to Break Ground November 2015 on Tempe Property
TEMPE – September 17, 2015 – (RealEstateRama) — Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (“DWC”) and Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, announced they have signed a Hotel Operating Agreement with Kimpton Hotel & Restaurants to manage a new, luxury boutique hotel at One | Hundred | Mill in Tempe, Ariz. The Hotel Operating Agreement between Hayden House Tempe, LLC and Kimpton Hotel & Restaurants is for 20 years from the opening date of the hotel.
DWC Chairman and CEO Doug Wilson explained, “The burgeoning and sophisticated market in Tempe is a perfect complement to the Kimpton brand. With the state-of-the-art creative office center, vibrant retail, enticing restaurants and Kimpton’s extraordinary style, One | Hundred | Mill is destined to becoming the star in Tempe.”
Construction is expected to begin in November this year with a targeted opening date of late 2017. Once completed, the Tempe Kimpton will feature 237 guest rooms, 12,000 square feet of indoor meeting space and a 4,750 square foot rooftop pool and terrace lounge, along with a fitness center and a full service, Kimpton-managed restaurant and bar venue. The Tempe property also deepens the brand’s already significant presence in Arizona, which boasts popular hotels in Phoenix, Scottsdale and Sedona.
“Tempe is in the midst of a major growth phase right in terms of new downtown office development spurred by increases in the tech employment base, increased ASU student enrollment and campus expansion, and we’re excited to bring the city its first, modern luxury boutique hotel experience,” said Kimpton Chief Executive Officer Mike DeFrino. “This project in particular has the added advantage of being mixed-use, offering the office tenants adjoining access to a totally unique hotel and restaurant experience with a world-class roof-top pool and lounge.”
One | Hundred | Mill is a $190 million mixed-use creative office, retail and lifestyle-hotel development located on the 2.51 acre parcel at the southwest corner of Mill Avenue and Rio Salado Parkway, the gateway to Tempe’s downtown core. In addition to the 15-story hotel tower, this landmark project consists of a 15-story 260,000 square foot Class A office building and 20,000 square feet of complimentary restaurant and retail space.
The offices at One | Hundred | Mill begin on floor eight (8) and extend through fifteen (15), offering abundant natural light and sweeping views of Tempe and Metro Phoenix with extensive glass lines that wrap the building. Large, flexible 32,500 RSF floorplates with 10 foot finished ceilings provide the ultimate in modern work space, designed to accommodate today’s work style with ample spaces dedicated for collaboration, socialization and productivity.
One | Hundred | Mill offers ground floor retail and restaurant spaces for lease in both towers and the ±10,000 square foot of restaurant space in the historic Hayden House (former Monti’s La Casa Vieja).
One | Hundred | Mill is located less than a block from the METRO Light Rail system’s 3rd Street and Mill Avenue station and across the street from Tempe Beach Park and Tempe Town Lake. The development will be a stand-out project in downtown Tempe which has become a magnet for innovative businesses and retailers due to its central location within the Valley and its proximity to Phoenix Sky Harbor International Airport and Arizona State University.
In addition to DWC and Hensel Phelps Development, the project team for One | Hundred | Mill includes Hensel Phelps Construction and Shears Adkins & Rockmore Architects. Cushman & Wakefield has the leasing assignment for One | Hundred | Mill with office leasing being handled by Jerry Noble, Patrick Devine and Greg Mayer and the retail leasing by Brent Mallonee and Rhonda Diaz Caldewey. Additionally, there is a team of talented engineers and consultants from the Tempe and Phoenix area.
About Douglas Wilson Companies
DWC was founded in 1989 to provide a wide range of real estate and problem resolution services. Our professional team has earned a unique track record of success with our diverse client base, which includes financial institutions, law firms, investors, state and federal courts, and property owners located throughout the country. With a seasoned team of business, real estate, and financial services professionals, DWC offers a level of specialized services not found elsewhere. With offices in Las Vegas, San Diego, San Francisco, and Washington, D.C., DWC is one of the largest business entities of its kind. Focusing on our commitment to and relationships with our clients, we provide asset management, consulting, business planning, development, entitlement and construction management, receivership, and problem resolution services. For more information, visit: www.douglaswilson.com.
About Hensel Phelps
Hensel Phelps is a building solutions company that provides development, construction and facilities management services for commercial and institutional clients.
The company is one of the largest building contractors in the country, with a regional office in Phoenix and a presence in Arizona for over 35 years. Some of the signature projects include the recently completed University of Arizona Cancer Center at the downtown Phoenix Bio Medical Campus, the PHX Sky Train at Phoenix International Airport, the Mariposa Land Port of Entry, CityNorth Mixed Use project and the Four Seasons Resort at Troon North. By providing integrated development and construction services, Hensel Phelps offers a unique capability to provide a total development delivery solution. For more information, visit: www.henselphelps.com
ABOUT KIMPTON HOTELS & RESTAURANTS
San Francisco-based Kimpton Hotels & Restaurants is a leading collection of boutique hotels and restaurants and the acknowledged industry pioneer that first introduced the boutique hotel concept to the United States. In 1981, Bill Kimpton founded the company that today is renowned for making travelers feel genuinely cared for through thoughtful perks and amenities, bold, playful design and a sincerely personal style of guest service. Out to help people live full, balanced lives, Kimpton aims to inspire with touches like yoga mats in every room, complimentary coffee and tea to start the day, hosted evening Wine Hour, in-room fitness programming and complimentary bike rentals.
The award-winning restaurants and bars are led by talented chefs and bartenders that offer guests a chance to dine like a local.
Kimpton is consistently ranked as one of the top companies in the Market Metrix Hospitality Index, Upper Upscale Segment, for Customer Satisfaction. The company is highly-regarded for its innovative employee culture and benefits and has been named a FORTUNE magazine “Best Place to Work” six times since 2009. Kimpton is continuously growing and currently operates over 60 hotels and 70 plus restaurants, bars and lounges in 30 U.S. cities. In January 2015, Kimpton was welcomed into the InterContinental Hotels Group (IHG) family of hotel brands, bringing together two special cultures and sets of values to create the world’s largest boutique hotel business. For more information, visit www.KimptonHotels.com.