Novus Innovation Corridor at Arizona State University Tempe | Arizona

Novus Innovation Corridor will transform 335 acres of University-owned property adjacent to beautiful Tempe Town Lake and Arizona State University into a world-class urban community. The redeveloped district will feature a mix of new and renovated state-of-the-art NCAA athletic facilities and mixed-use private development.

Project Experience Sheet

Project Summary

  • Approximately 10 million square feet of world-class office, residences, hotels and retail and restaurant space
  • Partnership with Arizona State University that facilitates redevelopment of state-of-the-art athletics facilities
  • Located adjacent to Arizona State University’s Tempe campus, world-class entertainment and athletic venues and Tempe Town Lake, the 2ndmost visited public attraction in Arizona
  • Situated at the geographic center of Greater Phoenix, immediately adjacent to Metro Light Rail, Tempe Street Car, the region’s freeway system – Loop 202 and Loop 101 and 4.5 miles from Phoenix Sy Harbor International Airport

Project Highlights

  • Novus will be a model for sustainable planning and development that will demonstrate the future of creative urban neighborhood design
  • Featuring 4 million square feet of high-rise, mid-rise and creative office space integrated into the Novus Live / Work / Play setting
  • Shaded sidewalks, bike paths, urban parks and pedestrian promenade make Novus a fully walkable community
  • Revenue stream created by private development will support investment in championship-caliber facilities for the University’s athletic programs
  • Significant tangible benefits to the City of Tempe, including job creation, tax revenues and national/international recognition of its vibrant urban center
  • Strategically integrated with Arizona State University, named “#1 Most Innovative University in the U.S.” for the last six years by US News and World Report