There are so many exciting things happening at Novus and we were thrilled to host Corina Vanek of AZ Central to show her all the latest happenings. Read on for a snippet of her story.
“The 330-acre Novus Innovation Corridor on the east side of Arizona State University’s Tempe campus is nearing completion of its latest phase, with only one retail space remaining available for lease in the existing buildings.
Novus is generally located on Rural Road and Sixth Street in Tempe, but spans north to Tempe Town Lake and includes the former Karsten Golf Course, which is closed and in the process of redevelopment.
About 850 apartment units are now open in the corridor, including the 318-unit Mira complex on the east side of Rural. That project is offering 10% of its units to ASU nonstudent employees at a discounted rate, ASU CFO Morgan Olsen said.
So far, 11 restaurants and one ASU spirit store, called Sparky’s Shop, have opened in the Novus Corridor, including three standalone restaurants and several on the ground level of an office building and apartment complex. Now, almost any new retailer looking for a location in Novus will need to wait for a new building to be constructed.
There are some development-ready spots in the corridor that could begin construction soon, said Greg Weaver, CEO of Banbury Development, the master developer of the corridor…”
Read the full story HERE.
