Tempe draws many different types of home buyers - The Arizona State University students, those in Tech, Medicine, and those looking to be right in the middle of all the action. Tempe Marketplace, a large open air mall, featuring live music and water and laser shows is located just southeast of Tempe Town Lake. Mill Avenue, located just west of Hayden Butte, is a shopping and entertainment area in the city popular with pedestrians and students. With the completion of Tempe Town Lake, commercial and high-rise development along the reservoir quickly transformed the cityscape of Mill Avenue and the skyline of downtown Tempe.

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