The L-shaped office building — 777 Tower at Novus — is under construction by Ryan Companies US, Inc. The 160,000-square-foot, multi-tenant structure, designed by local architect DAVIS, will feature an open floor plan with penthouse office space and about 8,000 square feet of retail space on the first floor. There also are plans to create a plaza area for event usage.
Located at the southwest corner of S. Rural Road and Sixth Street in Tempe, the building will be within walking distance of dining options, sports venues, ASU’s Tempe Campus, downtown Tempe and the Rural Road light rail station.
Tempe-based DAVIS is the architect of record, designing the project to complement ASU’s campus character while meeting the needs of the dynamic and forward-looking tenants that will occupy the building. Completion is expected in June 2020.
Catellus Development Corporation is the master developer of the Novus Innovation Corridor — a 350-acre, multiphased development that, at completion, will encompass approximately 10 million square feet of urban mixed-use opportunities — which 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 are then used to construct and improve ASU intercollegiate athletic facilities, rather than funding them from state revenues and taxpayers.