JV Begins Construction on Mixed-Use Development in Tempe

Tempe, Ariz. — A joint venture between Opus Development Group LLC and Seventh Street Tempe AZ Manager LLC has begun construction on a mixed-use development located at the northwest corner of University Drive and Forest Avenue in Tempe.

The project — which has yet to be named — will transform a surface parking lot into a residential and retail center. The development will consist of two towers featuring 407 residential units and 31,000 square feet of retail space.

The residential portion of the property will offer a mix of studio, one- and two-bedroom apartments and walk-up city homes and flats. Community amenities will include an amenity deck with a resort-style swimming pool, barbecue grilling stations and outdoor lounges with cabanas and fire pits; a state-of-the-art fitness center; dog walk; and bike workroom.

SmithGroupJJR is a design consultant for the project, and Sundt Construction Inc. will perform all concrete, civil and utility work. An expected opening for the development has yet to be announced.

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