Tempe, AZ, June 25, 2024 – Subtext, a national student and multifamily housing developer, announced today that it will start construction at 1011 E Orange Street in Tempe, Arizona for the development of VERVE Tempe, a 15-story student apartment community located within walking distance of the Arizona State University campus.
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| VERVE Knoxville |
The 240-unit, 479,388 square foot community will offer a
mix of studio, one-, two-, three-, and four-bedroom layouts, totaling 769 beds.
VERVE Tempe provides 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; dedicated study space with booths, pods, and collab
rooms; game room with golf simulator; rooftop pool deck; and two-story fitness
and wellness center with spa, sauna, and yoga studio.
“VERVE takes ‘live, work, study, play’ to the next level.
Subtext is excited to bring this experience to ASU students,” said Brandt
Stiles, Founding Partner, Subtext. “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
Architecture and interiors are by ESG Architecture &
Design, which Subtext has a strong history of working with in designing its
upscale developments. Other development team partners include general
contractor Brinkmann Constructors with construction financing provided by
Kennedy Wilson.
CONTACT:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851
(Cell)
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of Real Estate Editors (NAREE)
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