Quote:
Originally Posted by Mr.RE
Apparently the Student Housing Developer, Aspen Heights, has backed out of their deal to develop 262 units. The land is has been marketed for lease again and last I heard its moving forward with a out of state developer under a new name and design.
Also the high rise/high density MF site in Novus was marketed a couple months ago, I believe a developer has been expected and should be in front of plan review by the end of summer. Hopefully these two apartments and the office tower at Rural/University can get going to fill up Phase 3!!
Any news on when ITSB-7 will start construction?
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Is this the site next to the Hyatt hotel? It's like a slither between the hotel and the Aspen Heights site?
Also I bet you anything the amount of retail ASU/ Catellus wanted for the Aspen Heights site is probably what eventually got the developer to abandon it. No one just walks away from a multi-family site in Tempe in good times or bad! Especially when the infrastructure has been so heavily subsidized!