Kristena Hansen/Phoenix Business Journal—Last week, local retail expert Jeff Green, president of Jeff Green Partners, weighed in on the multimillion-dollar high-rise apartment project going up in downtown Tempe. The development has a letter of intent from Whole Foods to occupy a retail space. Such a move would fill a void in the Mill Avenue area for a grocery store.
Here are some demographic stats that Green collected about the area. The data, he said, support his theory that this mixed-use project is a perfect fit for the area. This information pertains to a one-mile radius of the Mill Avenue and University Drive intersection:
20,687: Population of the area last year
3.63%: Projected population growth in the area between 2013 and 2018. By comparison, the area population grew by 1.85% between 2000 and 2013.
6,456: White-collar workers employed there in 2013, about 60% of the area’s population
76.26%: Housing units in the area occupied by renters during 2013
2,415: Residents 25 or older who have a bachelor’s degree or greater. That accounted for more than 36% of the area’s population, compared with 29.5% across Maricopa County, according to the U.S. Census Bureau.