Novus Innovation Corridor
Location
- Tempe, Arizona
Novus Innovation Corridor is a 355-acre public/private partnership with the nation’s “Most Innovative University”, Arizona State University. Strategically integrated with ASU’s Tempe campus along Tempe Town Lake, the mixed-use development enables companies to achieve synergies with a major university, including access to world-class research and a highly educated and skilled workforce. The redevelopment will feature a mix of new and renovated state-of-the-art NCAA athletic facilities and mixed-use private development.
Early phases of Novus include the 2.1-million-square-foot Marina Heights and the $307 million renovations of Sun Devil Stadium. Novus will continue to introduce leading-edge technologies into an urban landscape.
By the numbers
The university went through a very intensive process to make sure that we found the right partner [for the Novus Innovation Corridor]. We have that partner in Catellus Development Corporation.
Dr. Morgan Olsen, Executive VP, Treasurer and CFO, Arizona State University