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The Novus Innovation Corridor marks the next step in ASU's vision of the New American University and the focal point of the region's progress toward becoming an international hub of innovation. ASU and Catellus together have decades of experience shaping communities through strategic public-private partnerships. Over the next twenty years, ASU and Catellus will fundamentally transform the surrounding landscape, creating a world-class urban setting that leverages its unique location to provide sustainable funding for Sun Devil athletics.
How the public/private partnership works
As master developer, Catellus will work collaboratively with ASU to master plan the Novus Innovation Corridor; design and install required infrastructure; market development opportunities to the commercial real estate community and end users; and manage the community as it develops, on behalf of ASU.
Catellus is a national leader in mixed-use development, solving some of America’s most complex land challenges. With nearly 30 years of experience as a master developer, Catellus has transformed former airports, military bases and urban industrial sites into thriving retail, residential and commercial communities. Catellus also excels at executing the retail and office components of these complex projects, often serving as the vertical developer.