Source: Arizona State University
Arizona State University and Catellus Development Corporation, a nationally recognized master developer, are taking an important step toward creating a world-class urban community immediately adjacent to ASU’s Tempe campus (AZBEX, Sept. 13, 2013; Nov. 15, 2013; Oct. 10, 2014).
Following several months of due diligence and market analysis, Catellus worked in collaboration with ASU to develop a preliminary master development plan to transform the 330-acre Athletic Facilities District at the northeast end of the Tempe campus. The plan includes new and renovated NCAA athletic facilities with more than seven million square feet of office, multifamily residential, hospitality and retail space, interconnected with vibrant sidewalks, bicycle paths and urban open spaces.
The careful study and planning invested in the project reflect ASU’s dedication, written in the university’s charter, to take responsibility for bettering the broader community. In pursuit of that mission, ASU and Catellus are inviting the public to view the plan and offer comment at an open house next week.
The facilities district will generate revenue to help fund the renovation and reinvention of Sun Devil Stadium and other University athletic facilities, without the use of tax dollars, through payments made by new private real estate development projects on university-owned land. ASU has partnered with Catellus to oversee the development, marketing, leasing and management of the district.
Activity is already underway in the district at Sun Devil Stadium. That project is being phased to permit the venue to remain open during renovations. Work on the first phase has started, with all three phases scheduled to be complete prior to the 2017 football season. The district’s preliminary land use plan reflects a phased approach to private development over the next 20 years. An initial phase that may include office, multifamily and retail development is expected to be underway as soon as 2016.
The preliminary master plan will be available for review during a public open house to be held from 6 to 7:30 pm., June 23. Representatives from ASU and Catellus will be on site to answer questions and review district plans with attendees during the open house. The open house will be held at Gallery 100, located at the Tempe Center, 951 South Mill Avenue, Suite 199. Attendees will also be able to provide comments for the project team to consider as the master plan continues to evolve.
The district is located at the north end of the Tempe campus. It encompasses most university-owned property generally bounded by Sun Devil Stadium, Veterans’ Way, University Drive, McClintock Road and Tempe Town Lake.
Until a permanent name is selected during the next phase of planning and development, the area will be referred to as the ASU Athletic Facilities District, or simply the district.
Questions about the open house and more information about the project will be available online.
Read more at ASU