Toll Brothers, Harrison Street to build ASU student housing

Photo via Toll Brothers

By Sergiu Inizian | Multihousing News

The joint venture of Toll Brothers Campus Living and Harrison Street is set to develop Canvas, an 826-bed, luxury student housing community in Tempe, Ariz. Toll Brothers’ finance department secured a construction loan from MidFirst Bank, Fifth Third Bank and Trustmark Bank. TSB Capital Advisors assisted Toll Brothers in the transaction.

The apartments at Canvas are set to include quartz countertops, walk-in closets, smart access, central air conditioning, washer/dryer units, hardwood-style floors and stainless steel appliances. Planned amenities include including a fitness center, clubroom, rooftop pool, business center, lounge, fire pit, grilling stations, study rooms and bike storage. The asset will also have a 469-space parking garage.

Located at 1028 E. Orange St., on 3 acres, the site is within walking distance of Arizona State University. The 263-unit development is also 8 miles from Phoenix Sky Harbor International Airport.

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