Press Releases

199-Unit Community Within 355-Acre Novus Innovation Corridor

May 22, 2024

TEMPE, ARIZ. – Transwestern Development Company (TDC®) and its investment partners, Globe Corporation and University Realty, announce the completion of Vero, a 199-unit, seven-story apartment community at 651 E. 6th St. in Tempe’s Novus Innovation Corridor. The Class A complex is leased and managed by Greystar with initial move-ins underway.

”As a residential anchor of Novus, Vero responds to the market’s demand for luxury apartments that offer efficiency, affordability and top amenities in a dynamic, mixed-use neighborhood,” said Brendan O’Leary, Partner – TDC Southwest. “Vero provides residents with market-leading benefits, including studios with custom-made Murphy beds and efficient floorplans in a walkable retail district with shops, restaurants and entertainment.”

Vero offers an array of sought-after amenities, including a resort-style pool with lounge area, a state-of-the-art fitness center, a coworking space with conference rooms, a resident clubhouse with a pool table and wet bar, and secure bike storage. Each unit is thoughtfully designed with a washer and dryer, top-of-the-line stainless steel appliances, and hardwood-style flooring. Select units offer upgrades such as custom built-ins, balconies, and Murphy beds.

Vero enjoys a strategic location within the Novus Innovation Corridor, a 10-million-square-foot, 355-acre mixed-use development at Arizona State University’s’ Tempe campus. Nearby attractions include the vibrant Novus Place retail district, Mountain America Stadium, Desert Financial Arena, and Mullett Arena, a multi-purpose facility home to ASU Sun Devil men’s and women’s hockey, and host to university, community and entertainment events.

TDC currently has 3,666 multifamily units in pre-development, under construction, or in lease-up, including 1,275 units in the Southwest region. Most recently, TDC Southwest completed The Shoal, a Class A mid-rise micro-housing residential community in downtown Austin, Texas.

Images of Vero are available for download here.

About Novus Innovation Corridor
Novus Innovation Corridor is a 355-acre, multi-phased development, which at completion will encompass over 10 million square feet of urban mixed-use developments, including State Farm's 2.1-million-square-foot Marina Heights regional office. Strategically integrated with the ASU campus on Tempe Town Lake, the Novus Innovation Corridor is a partnership between master developer Catellus Development Corporation and Arizona State University, ranked as the nation's "Most Innovative University" by U.S. News and World Report. The University Real Estate Office leads ASU's Novus activities.

Catellus will oversee the development of approximately 8 million square feet of additional new development in Tempe. Novus will include a variety of sustainable urban neighborhoods that feature office, retail, hospitality, and residential activities, creating the potential to bring nearly 40,000 new jobs and 5,000 new residents to the thriving Tempe community. Additionally, Novus will feature a main street retail district, Novus Place, nestled in the core of the development. As Novus' "live, shop, dine" epicenter, Novus Place is designed to be a vibrant, mixed-use, pedestrian-friendly destination.

For more information about the Novus Innovation corridor and development opportunities, visit, call (480) 566-9900 or email

About University Realty
University Realty is a subsidiary of ASU Enterprise Partners, a private nonprofit organization that creates solutions and generates resources to extend Arizona State University’s reach and advance its charter For more information, visit

Globe Corporation
Globe’s charter dates back to 1901 and it is run by fourth-generation family members as well as outside professionals.  With a rich history that spans many different industries—coal distribution, manufacturing, ranching and commercial banking—Globe Corporation today serves as the Getz Family Office, a diversified investment company whose primary responsibilities are the stewardship and oversight of the Getz family assets.  About 50% of the family office investments are in direct real estate and real estate joint ventures with an emphasis on institutional-quality Industrial, Multi-Family and Office sectors. Globe has offices in both Scottsdale, Arizona and Deerfield, Illinois.

About Transwestern Development Company
Transwestern Development Company (TDC®) strives to create value by skillfully executing development projects for our firm, partners and clients across the United States. Part of the Transwestern companies, our diverse portfolio encompasses logistics, multifamily, healthcare, life sciences, mixed-use and office product, with the value of projects in progress or delivered since 2012 exceeding $9.07 billion.

Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at and @Transwestern.

Media Contact:
Monica Sparreo

Brendan O'Leary

Partner - Southwest

Austin, Texas

(512) 314-3550