TEMPE, Arizona (April 22, 2019) – With construction already underway on a number of new projects, master developer Catellus Development Corporation (Catellus) today announced it will bring a 259-room, dual-branded hotel to the Novus Innovation Corridor (Novus) in Tempe through a partnership with national developer and builder Mortenson.
The eight-story hotel, located just north of the northeast corner of the intersection of E. Veterans Way and E. 6th St. in Tempe, will be constructed on a .98-acre footprint within walking distance of Sun Devil Stadium, and is immediately adjacent to Wells Fargo Arena and the planned Multi-Purpose Arena. Amenities will be suited to visitors attending Arizona State University athletics games and events.
Infrastructure activity to prepare for the first hotel, multifamily residential, multi-tenant office and parking garage within the Novus property began in late 2018.
The Mortenson hotel project will be a part of the Hyatt Hotels Corporation under the Hyatt Place and Hyatt House flags.
“This hotel will provide guests a welcoming place to stay, gather and enjoy downtown Tempe with immediate access to ASU’s largest sporting venues and the Novus Place retail and hospitality amenities,” said George Forristall, director of real estate development at Mortenson. “It’s an ideal step in the transformative development of the Novus Innovation Corridor into a world-class, mixed-use urban community.”
The hotel is planned to be LEED certified, with rooftop amenities that include a pool, bar, outdoor gathering area and fitness center.
Hotel amenities will include an open lobby, shaded patio spaces and banquet, meeting, and outdoor event spaces. Guests will be able to relax and socialize in outdoor environments that also will include a ground-level guest kitchen, dining and lobby bar areas.
“ASU is proud of the diverse growth of the Tempe waterfront through the ongoing development of the Novus Innovation Corridor,” said John P. Creer, Assistant Vice President for Real Estate at Arizona State University.
“As a hub for the region’s higher education and business communities, hospitality developments like this are both complementary to the lifestyle experience we are creating and essential to the establishment of Novus as an innovation zone that will advance ASU’s mission and contributions to Arizona’s economic development,” Creer said.
Groundbreaking is scheduled for Tuesday, April 23, with completion expected in Summer 2020.
Known for its leading-edge construction technology and approach to sustainability, Mortenson is working with PK Architects, ESG Architects and Design Force Corporation to ensure that visitors experience the innovative vision of Novus firsthand.
“Each element of the project, including landscape enhancements, will be thoughtfully designed to bring about the overall vision of the Novus Innovation Corridor,” said Charley Freericks, Senior Vice President at Catellus.
“Novus Innovation Corridor is committed to attracting diverse, mixed-use development. Hospitality for university visitors and business people is a key component of the environment we’re building,” Freericks added.
The hotel will provide needed capacity for the growing number of visitors to Tempe, which reached 3.7 million in 2015, according to a report from the Tempe Tourism Office.
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.
Located in the geographic center of metropolitan Phoenix, Novus Innovation Corridor is immediately adjacent to Metro Light Rail and the regional freeway system and less than two miles from Sky Harbor International Airport.
Novus will be a model for sustainable planning and development, and is being planned and developed as mixed-use project that will include university athletic and recreational facilities blended with lifestyle and workplace uses, exemplifying the future of creative urban neighborhood design.
For more information about Novus and its development opportunities, visit NovusASU.com, call (480) 566-9900 or email NovusASU@catellus.com.
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 five 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.
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.
About Mortenson
Mortenson is a U.S.-based, top-20 builder, developer and provider of energy and engineering services committed to helping organizations move their strategies forward. Mortenson’s expanding portfolio of integrated services ensures that its customers’ investments result in high-performing assets. The result is a turnkey partner, fully invested in the business success of its customers.
Founded in 1954, Mortenson has operations across North America with offices in Chicago, Denver, Fargo, Iowa City, Milwaukee, Minneapolis, Phoenix, Portland, San Antonio, Seattle, Washington, D.C., and in Canada. For additional information, visit www.mortenson.com.