TEMPE, ARIZ. Thursday, May 2 in Novus Innovation Corridor on ASU campus
Ryan Companies US, Inc. to construct 777 Tower at Novus –160,000-square-foot multi-tenant structure, designed by local architect DAVIS
The L-shaped office building — 777 Tower at Novus — will be built by Ryan Companies US, Inc. and feature an open floor plan with penthouse office space and about 8,000 square feet of retail space on the first floor.
There also are plans to create a plaza area for event usage, and the building will be within walking distance of dining options, sports venues, ASU’s Tempe Campus, downtown Tempe and the Rural Road light rail station.
Tempe-based DAVIS is the architect of record, designing the project to complement ASU’s campus character while meeting the needs of the dynamic and forward-looking tenants that will occupy it. Completion is expected in June 2020.
The building is located at the southwest corner of S. Rural Road and Sixth Street, Tempe
Catellus Development Corporation is the master developer of the Novus Innovation Corridor.
The Novus Innovation Corridor was enabled through legislation that was passed and signed into law in 2010. The legislation permits the Maricopa County Board of Supervisors to work with ASU to establish a district in which all land is owned by the university and assessments are imposed on developments locating within the district, the proceeds from which then are used to construct and improve ASU intercollegiate athletic facilities, rather than from state revenues and taxpayers.
About Novus Innovation Corridor
Novus Innovation Corridor (Novus) is a 350-acre, multi-phased development, which at completion will encompass approximately 10 million square feet of urban mixed-use opportunities, including the State Farm Insurance 2.1-million-square-foot regional hub in Marina Heights. Strategically integrated with the Arizona State University campus on Tempe Town Lake, Novus is a partnership with the nation’s “Most Innovative University.” ASU enables companies that locate within Novus to achieve synergies through all the resources a major research university offers, including access to world-class research and a highly educated and skilled workforce.
Through a public-private partnership, ASU and master developer Catellus will oversee development of approximately 8 million square feet of additional new development including apartments, offices, retail businesses and hotels within Novus. At completion, Novus will integrate private, sustainable mixed-use development with new and renovated, best-in-class collegiate athletic venues paid. For information, visit NovusASU.com.
About Arizona State University
Arizona State University has developed a new model for the American research university, creating an institution committed to excellence, access and impact. ASU measures itself by those it includes, not by those it excludes. ASU pursues research that contributes to the public good and assumes major responsibility for the economic, social and cultural vitality of the surrounding communities.
This “New American University” is a single, unified institution comprising four differentiated campuses, plus the ASU Research Park, SkySong – The ASU Scottsdale Innovation Center, Chandler Innovation Center and the Mayo Clinic Partnership. 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. For more information, visit ASU.edu.
About Catellus Development Corporation
Catellus is a master developer focused on creating some of the most innovative and sustainable mixed-use developments in the nation. Catellus has 30 years of experience transforming former brownfields, military land and airports into developments that include retail, commercial, residential and other public uses. Catellus delivers on all aspects of a project, including site planning, entitlements, public financing and sustainable design. Notable Catellus projects include Prairie Glen in Glenview, Illinois; Alameda Landing in Alameda, California; Los Angeles Air Force Base in El Segundo, California; Mueller Airport in Austin, Texas; and Pacific Commons in Fremont, California. Catellus is uniquely positioned to deliver on the nation’s increased demand for well-planned, mixed-use developments. For more information, visit catellus.com.
About Ryan Companies US, Inc.
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,300 employees in 16 offices and has completed projects in 38 states. For more information, visit ryancompanies.com.