Another RFP is being put out by ASU for the design and development of an ASU mixed-use building on College Avenue, north of University... this would be north of the dorm building that was discussed earlier on this page of the thread... the map of the future location is here:
http://www.asu.edu/purchasing/bids/pdfs/170903_Block12Map.pdf
ASU is asking for proposals to include a 150,000-200,000 SF office building that would have approximately 25,000 SF floorplates, which would act to consolidate all the office space ASU is leasing around downtown Tempe. There will be an integrated parking structure (and probably surface parking as well), they want retail uses on the bottom along College Avenue, they are hoping to get LEED silver certification, and the Birchett House on the SW corner of the block is not to be disturbed/not a part of the project.
This could be in design in the next few months (RFPs due in a little over a month)... and assuming funding isn't pulled, College Ave could get upgraded very nicely and be that much closer to being fully connected to University/5th Street/the LR College Street Station/Sun Devil Stadium.