Transwestern to break ground on 333-unit multifamily community in Tempe, Ariz.

Transwestern Development Co. (TDC) has broken ground on its 333-unit multifamily community at Tempe’s Novus Innovation Corridor on the Arizona State University Tempe campus.

TDC, along with equity partners Griffin Capital and University Realty, will begin construction this month on the seven-story building located on 2.36 acres at the southeast corner of 6th Street and Rural Road.

“We are excited to expand our presence in the greater Phoenix market,” said John Beckworth, TDC Development associate. “Tempe continues to experience increased demand for quality multifamily product due to the market’s high levels of in-migration. We look forward to delivering another attractive housing option in Tempe.”

“Tempe continues to be one of the fastest-growing cities in the county, driven by strong job growth and continued investment from Arizona State University. We are thrilled to partner with Transwestern, University Realty and Catellus in this exc