“Walkable Urbanism” is taking new roots in Tempe, Arizona with the development of Arizona State University’s (ASU) Novus Innovation Corridor, an 11-million-square foot division built to foster the growth of the university’s research center and the city’s vibrant commercial and residential markets. The urban planning concept, which is on the rise amongst some of the US’s major cities, promotes economic growth while creating a space that welcomes diverse establishments, young professionals, and sparks improvements in community health.
Mortenson is leading the way in Corridor’s development with the development of Hyatt Place / Hyatt House Tempe Downtown, a 259-room hotel set to open Summer 2020. “The hotel is rising at one of Novus’ entry points, in close proximity to the football and basketball arenas as well as the ASU campus,” said George Forristall, Mortenson’s director of real estate development.
In addition to the hospitality initiatives, the site will be home to various apartment complexes, office buildings, and retail spaces; providing a projected 25,000 permanent jobs. The partnership to develop this Corridor between the City of Tempe, Catellus Development Corp. and ASU will further transform Tempe and beyond by cultivating innovation for years to come.
To learn more about our role and the impact of the Novus Innovation Corridor, read more in this article by John Gregerson, with ENR Southwest.