EdR, Opus Development Begin Construction on $164.9 Million Community Near Arizona State

The $164.9 million community is located adjacent to the north edge of the Arizona State University campus in Tempe. The $164.9 million community is located adjacent to the north edge of the Arizona State University campus in Tempe.

Tempe, Ariz. — A joint venture between EdR and Opus Development Co. LLC has broken ground on a $164.9 million development adjacent to the Arizona State University campus in Tempe.

The 407-unit development will offer community amenities including a 24-hour fitness center, yoga studio, grilling area, dog park, club rooms, bike storage, terrace deck cabanas and 31,000 square feet of retail. EdR will be the 90 percent owner of the community, and will manage it upon completion in summer 2018. 

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