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.