Novus Innovation at 391 S Rural Road is an opportunity to lease a new six-story, 150,000-square-foot medical office and senior living in Tempe, Arizona, available in February 2025. The Novus Innovation Center is one of the nation’s most progressive, urban, mixed-use developments located adjacent to the Arizona State University (ASU) campus. Novus Innovation Corridor is a 355-acre mixed-use development on Arizona State University’s former golf course. The development will include over 11 million square feet of offices, residences, retail, and restaurants. Specifically, the Novus Innovation Center will include 3 million to 4 million square feet of office space, 3,000 multifamily housing units, 250,000 square feet of retail, and 1,200 hotel rooms. The completed build-out of the project is expected to take 15 to 20 years. Positioned along E Rio Salado Parkway, it experiences strong daily traffic counts, which can increase during sports seasons. Mountain America Stadium (ASU Football) and Desert Financial Arena (ASU Basketball) are less than a half-mile away. The road sits just off the Salt River and waterfront park areas, and future development will have the potential to be just off the water with mountain views. Downtown Tempe is just a mile from the property, and both Mesa and Phoenix are approximately 20 minutes away. The Phoenix Sky Harbor International Airport is conveniently located less than 10 minutes from the property. Tempe has quickly become the Valley’s second-largest urban center, with many tech centers moving in. The surrounding 3-mile radius is home to over 134,000 residents with a high average household income of over $73,000. The 3-mile demographic is primarily renters, as 65% of the population rents as their primary form of housing, and the residents are big spenders with a total specified consumer spending above $1.5 billion. Take advantage of Novus Innovation and be a part of the place in the heart of Tempe where you can live, work, play, and stay, where nearly a quarter billion dollars in office, residential, hotel, and retail development is already underway.