NOVUS INNOVATION CORRIDOR

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ABOUT NOVUS INNOVATION CORRIDOR

A model of sustainable and creative urban neighborhood design

350 Acres

Total land under development in Greater Phoenix

10 Million

Square feet of mixed-use opportunities

20,000 Jobs

Expected once development is complete

Novus Innovation Corridor is a multi-phase, 350-acre development strategically positioned along Tempe Town Lake on the ASU campus, in the geographic heart of Greater Phoenix.

Upon completion, Novus will integrate more than 10 million square feet of urban office, retail and residential development with new and renovated collegiate athletic venues.

The development is a public/private partnership between Arizona State University (ASU) and master developer Catellus Development Corporation, and is expected to bring approximately 20,000 new jobs and 5,000 new residents to the downtown Tempe area.

 NOVUS Innovation Corridor logo

Novus Innovation Corridor is one of six Arizona State University Innovation Zones. As ASU’s premier real estate developments, today the Innovation Zones actively connect world-class research and best practices with commerce and practical business applications. By creating localized synergy with global businesses, these locations are home to Fortune 100 corporations, new technologies, medical research companies, start-ups, maker businesses and more. The Zones are practical applications of the University’s commitment to discovery, creativity and innovation—all focused on driving commerce and economic growth. The ASU Innovation Zones have become the place where great businesses choose to do business.
Arizona State University Logo

Arizona State University is the largest public research university in the United States under a single administration, with a total student enrollment of more than 82,000. Located in metropolitan Phoenix, the nation’s sixth-largest city, ASU is creating a new model for American higher education, an unprecedented combination of academic excellence, entrepreneurial energy, and broad access. This New American University is a single, unified institution comprising four differentiated campuses positively impacting the economic, social, cultural and environmental health of the communities it serves. Its research is inspired by real-world application, blurring the boundaries that traditionally separate academic disciplines. ASU champions intellectual and “cultural diversity” and welcomes students from all 50 states and more than 120 nations.

Catellus logo

Catellus is a national leader in mixed-use development, solving some of America’s most complex land challenges. With nearly 30 years of experience as a master developer, Catellus has transformed former airports, military bases and urban industrial sites into thriving retail, residential and commercial communities. These projects, which often include substantial public amenities, add economic, social and environmental value to the communities they serve. Catellus has both the financial strength and the development expertise to turn vision into reality at even the most demanding development sites. For more information, visit www.catellus.com.

THE PLAN

Novus Innovation Corridor is one of the nation's most progressive urban mixed-use developments - located adjacent to ASU in Tempe, Arizona.

Public/Private Partnership

Novus is a public/private partnership between ASU and Catellus Development Corporation.

As master developer, Catellus will work collaboratively with ASU to implement the Novus Innovation Corridor design and install required infrastructure, market development opportunities to the commercial real estate community and end users, and manage the community as it develops, on behalf of ASU.

Sustainability And Smart Planning
Students looking at a clear globe

Sustainability and Smart Planning: ASU is a leader in sustainable practices.

The plan envisions Novus as an extension of this innovative educational environment—a place that will encourage the introduction of new ideas and methods to promote environmentally sensitive, carbon-neutral strategies along with integrating smart city technology.

The Novus Innovation Corridor will pursue Leadership in Energy and Environmental Design (LEED) for Neighborhood Development (ND) certification from the U.S. Green Building Council (USGBC). Additionally, all vertical development in Novus will pursue LEED certification.

Athletic Facilities

State-of-the-art athletic training and exhibition facilities will attract even more athletes and events to Novus Innovation Corridor.

Sun Devil Stadium, Wells Fargo Arena, and other world-class ASU athletic facilities in the Novus Innovation Corridor will be a hub for the integration of students and athletes.

Location

Land of Use plan

Novus is a lakefront development adjacent to Arizona State University’s Tempe Campus.

Novus Innovation Corridor adds to the unique urban recreational opportunities nearby including Tempe Town Lake, Tempe Butte Park and the 2,000-acre Papago Park. Located 1.5 miles from Phoenix Sky Harbor Airport and .25 miles from a full interchange of the Loop 202 and Loop 101 Freeways, the Athletic Facilities District has immediate proximity to the arterial street systems and the Valley’s 20-mile-long light rail system.

  • America's 3rd Most Affordable Fun City
    Bloomberg Businessweek
  • No. 13 Most Fun City In AmericaWallet Hub
  • Most Walkable City In Arizona
    Walkscore.com
  • Top 20 Communities For Biking
    Bicycling Magazine
  • Smart Growth Award
    Urban Land Institute Arizona

DEVELOPMENT

Opportunities are available for office, multi-family, retail and hotel development. Leasing opportunities for office users,
multi-tenant, campus and build-to-suit environments are also available.

PLAY

Novus will encompass 300,000 square feet of retail and restaurant opportunities centrally located in Tempe. For retail leasing and development inquiries, please contact:

Teale Bloom
Phoenix Commercial Advisors
tbloom@pcaemail.com

602.288.3476

Ryan Building

WORK

Novus will build approximately 4 million square feet of commercial opportunities with the flexibility to accommodate all businesses from large campus users to build-to-suit requests to small tenants in multi-tenant buildings. For commercial leasing and development inquiries, please contact:

Catellus Development Corporation
NovusASU@catellus.com

480.566.9900

LIVE

Novus will add approximately 3,600 new urban homes to the thriving Tempe community. Mixed-use residential communities will feature ground-floor commercial space with apartments above.

Catellus Development Corporation
NovusASU@catellus.com

480.566.9900

Aspen Heights

IN THE NEWS

Development in progress at Novus Innovation Corridor in Tempe

Arizona State University (ASU) and Catellus Development Corporation (Catellus) announced that Ryan Companies US, Inc. (Ryan), a premier national builder and developer with a long history of successful developments in Arizona, will develop a Class A, six-story, 162,000-square-foot....

Luxury apartments, office complex planned for ASU 'innovation zone'

A 262-unit luxury apartment complex and a six-story, 162,000-square-foot office building are the latest developments planned for the Novus Innovation Corridor, one of Arizona State University’s “innovation zones” located on the north side of the university’s Tempe campus. The apartment ....

CONTACT US

For more information or you have any questions regarding Novus, you can email us at NovusASU@catellus.com