Hot Tempe corridor continues to grow

(Disclosure: Rose Law Group represents Vestar.)

By Ron Davis | Phoenix Business Journal

As community gathering points like new restaurants and an urban park come together in Tempe’s Novus Innovation Corridor, more professional uses and senior housing could be around the corner.

Charley Freericks, senior vice president of Catellus Development Corp., which is the master developer of the 355-acre mixed-use Novus Innovation Corridor adjacent to Arizona State University, said his firm is in negotiations to bring a pair of medical office buildings of at least 100,000 square feet, a senior housing community and a parking structure, which is being referred to as “Parcel 4A.”

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