The Tempe City Council unanimously gave approval to a plan by Phoenix-based Red Development to redevelop the Tempe Macayo’s Depot Cantina site into a mixed-use development, which also will preserve and restore the train depot on the site.
Red Development is planning to build a 17-story office tower totaling 319,000 square feet on the northern portion of the 2.5-acre site near Third Street and Ash Avenue, which is bisected by the light rail tracks, according to plans submitted to the city of Tempe.