The Scottsdale Development Review Board approved a plan by Dutch semiconductor company ASM to build a three-story office building and two-story lab on a 24-acre parcel near the Loop 101 Freeway and E. Mayo Boulevard. The office building will be about 230,000 square feet and the lab is set to be 370,000 square feet.
The project also calls for a five-story, above-grade parking garage, though the builders of Optima McDowell Mountain Village are working with ASM to put some of that structure below ground while seeking other modifications to limit impact on its future residents, according to the Phoenix Business Journal.
ASM, which designs and manufactures semiconductors, announced that it would be moving its headquarters and bringing 1,200 jobs – 500 of them newly created – from Phoenix to Scottsdale late last year. ASM must complete the new headquarters and achieve a payroll of $55 million in six years under terms with the city.
Business Journal: https://www.bizjournals.com/phoenix/news/2024/10/04/north-scottsdale-projects-drb-approval-asm.html
Project report: https://eservices.scottsdaleaz.gov/planning/projectsummary/unrelated_documents/Item8_3_DR_2024_FINALREPORT.pdf