ASU plans $72M Greek housing development, Omni Hotel lease

Some motels have been converted for fraternities./Flickr
Some motels have been converted for fraternities./Flickr

By Angela Gonzales | Phoenix Business Journal

Arizona State University is planning to build a $72 million residential housing project for its Greek organizations in Tempe.

University officials will request approval from the Arizona Board of Regents today to enter into agreements to ground lease about 5 acres on the southeast corner of Rural and Terrace roads to American Campus Communities Inc., according to Thursday’s ABOR agenda.

Continued:

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