A new chapter in urban development is unfolding in Tempe, where the ambitious Novus Innovation Corridor is transforming the landscape around Arizona State University. Spanning 355 acres, this visionary mixed-use project is the result of a collaboration between the university and master developer Banbury Development Corporation, bringing new life to one of the last remaining pieces of land in ASU’s neighborhood.
Designed as a 20-year buildout, Novus is a blueprint for how modern cities and universities can intersect. Plans call for more than 4.5 million square feet of Class A office space, over 4,100 residences, upwards of 1,000 hotel rooms and a mix of retail, dining and entertainment. Outdoor spaces and pedestrian-friendly pathways tie it all together, creating an environment that encourages everyday ease.
At the center of it all is Novus Place, the project’s gathering space. Spanning 275,000 square feet, this district invites visitors to explore shaded walkways, bike along paved paths and linger in open-air parks and promenades. The atmosphere is equal parts relaxed and lively, with a mix of restaurants and experiences that reflect the diversity of the surrounding community.
Dining plays a defining role here, with Fox Restaurant Concepts leading the charge. Flower Child, Blanco Taco Cocina + Cantina and North Italia offer its own distinct take on fresh, flavorful cuisine.
Beyond these, Novus Place continues to expand its culinary appeal with destinations like Blue Sushi Sake Grill, known for its sustainably sourced seafood and inventive menu that blends global flavors with a commitment to transparency. Eureka! brings a modern American gastropub feel, complete with a scratch kitchen, craft beer selection and an impressive lineup of small-batch whiskeys.
Guests can also explore The Alley, which made its Arizona debut with milk teas and fruit-forward drinks, or opt for a wellness-focused bite at Nautical Bowls, where plant-based ingredients take center stage. Comfort food gets a contemporary upgrade at The Melt, while Over Easy continues to draw crowds with breakfast classics. Salt & Straw delivers a creative twist on traditional ice cream.
Novus is addressing a growing demand for housing in Tempe with a range of residential options designed for modern urban living. Communities like The Piedmont, Vero and Mira bring a mix of luxury apartments and micro-units into the fold, offering residents the convenience of living steps away from it all.
The development is poised to become one of Arizona’s premier business destinations. Expansive office space, including the six-story 777 Tower, home to global companies like Infosys and Mediterranean Shipping Company, positions Novus as a hub for innovation and economic growth, drawing talent and opportunity into a centralized, connected environment.
Mullett Arena stands as a centerpiece for sports, concerts and events, serving as home to ASU hockey as well as community programming. For visitors, the dual-branded Hyatt Place/Hyatt House Tempe offers convenient accommodations that align with the development’s modern, flexible lifestyle.
As Novus Innovation Corridor continues to take shape, it’s clear this is a carefully considered ecosystem where education, industry, hospitality and everyday life converge. Learn more at novusasu.com.
