Tempe Town Development Considering Proposed 2,391-Bed ASU Student Housing Venture to be Called Nova Tempe

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Nova Tempe
Tempe Development Review Commission will consider requests for a rezoning and a planned area development overlay. The application will also need a development plan review and a subdivision plat to combine the current eight-lot property into one. Final design details will be determined in the plan review.

Up Campus Properties is proposing a 950-unit student housing project at Rural Road between Apache Blvd. and University Drive in Tempe. The project, to be named Nova Tempe which will have 2,391 bedrooms, will be reviewed by a Tempe town development review committee. In addition to the bedrooms, the project will include more than 14,000 square feet of restaurant space.

Tempe Development Review Commission holds public meetings and hearings, to provide analysis and recommendations to the City Council regarding general land use policies and applications where the Commission has recommendatory power, and to render final decisions on specified applications where the Commission has final decision-making power, including, but not limited to, all aspects of a proposed and future development. The Commission has the duty to carry out the provisions and intent of the General Plan and the Zoning and Development Code.

The project, to be called Nova Tempe, is currently occupied by various commercial uses, including a gas station, retail and restaurants.

The amenities plan includes ground-floor open/courtyard spaces, a rooftop deck, pools, pickleball courts, fireplaces, recreation areas, and a walking/running track.

If approved, construction is expected to start in Q3 2025. The residential towers could take 28-30 months, and the garage could take 10-12 months. The design firm is Dwell Design Studio.

The Up Campus team has over 30 years of experience in creating vibrant, sustainable, and inspiring campus-focused real estate projects that provide high-quality living and working environments. We thoughtfully develop and manage each project to enhance the well-being of our residents. We adhere to one simple principle learned from decades of industry experience: Pride of Ownership. This principle guides every project and investment decision throughout the asset lifecycle — from site selection and design to development and management.