Novus Place is a dynamic mixed-use district within the 355-acre Novus Innovation Corridor, a visionary partnership between Arizona State University and Catellus Development Corporation. Strategically positioned at the intersection of University Drive and Rural Road, this vibrant hub integrates retail, dining, entertainment, and creative office spaces into a walkable, bikeable environment. Tenants benefit from proximity to ASU’s campus, world-class research facilities, and a highly skilled workforce, creating unparalleled synergy for innovative brands.
The district features engaging streetscapes, customizable storefronts, and expansive patio opportunities, ideal for restaurants, experiential retail, and lifestyle concepts. Surrounded by major venues such as Sun Devil Stadium, Mullett Arena, and Desert Financial Arena, Novus Place attracts consistent foot traffic from sporting events, concerts, and community gatherings. With ±4.2 million square feet of planned retail and restaurant space and ±3,600 multifamily residences, this location offers unmatched visibility and connectivity in the heart of Tempe’s thriving urban core.
Daniel Gardiner
Phoenix Commercial Advisors
