ASU to get $44 million apartment complex
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ASU’s SkySong will be getting a residential component consisting of around 325 units, known as the ASU Scottsdale Innovation Center, that is scheduled to open by October, 2013.
The $44 million project, to be located around the facility’s main parking garage, will be built in four phases that stretch out the opening until April, 2014.
“We’re very excited to get this project under construction because we believe it has the potential to be highly successful,” said Don Couvillion, vice president of real estate for the ASU Foundation. “The kind of high-quality residential component we are planning will meet a key market niche in the area and provide new residential opportunities for those wanting to live in this dynamic part of the Valley.”
SkySong currently has office space in two buildings on the 42-acre campus. Plans are underway for two more office buildings at a cost of $60 million that, along with the apartments, would bring the total development size to 750,000 square feet.