Construction to begin on 15-story student apartment in Tempe
Posted 6/27/24
Subtext, a national student and multifamily housing developer, announced June 25 that it will start construction for the development of VERVE Tempe, a 15-story student apartment community located within walking distance of the Arizona State University campus at 1011 E Orange Street.
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Housing Development
Construction to begin on 15-story student apartment in Tempe
Courtesy Subtext
A rendering of VERVE Tempe, which is expected to be completed in fall 2026.
Posted
Subtext, a national student and multifamily housing developer, announced June 25 that it will start construction for the development of Verve Tempe, a 15-story student apartment community within walking distance of the Arizona State University campus at 1011 E. Orange St.
Verve Tempe will open in fall 2026 and is Subtext’s second project in Tempe, having delivered Canvas in 2021, a press release stated.
The 240-unit, 479,388-square-foot community will offer a mix of studio, one-, two-, three- and four-bedroom layouts, totaling 769 beds, providing residents with walkability to campus and nearby retail and restaurant attractions, as well as proximity to the Valley Metro Lightrail.
In addition to 2,030 square feet of street-level retail space, Verve Tempe will boast elevated amenities, including a coffee bar with hot and nitro options; a dedicated study space with booths, pods, and collab rooms; a game room with golf simulator; a rooftop pool deck; and a two-story fitness and wellness center with spa, sauna and yoga studio, according to the release.
“Student housing needs in Tempe continue to grow. With the right location and a thoughtfully designed community, our goal is to deliver an unmatched resident experience,” Brandt Stiles, Subtext founding partner, stated in the release.
Architecture and interiors are by ESG Architecture & Design. Other development team partners include general contractor Brinkmann Constructors with construction financing provided by Kennedy Wilson, the release added.
