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Education Realty kicks off $165M mixed-use project at Ariz. university

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Education Realty kicks off $165M mixed-use project at Ariz. university

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Education Realty Trust's mixed-use community at Arizona State University
Source: Education Realty Trust Inc.

Education Realty Trust Inc. broke ground on a mixed-use community adjacent to Arizona State University in Tempe.

The $164.9 million development is a joint-venture project between the company and Opus Development Co. LLC. It will feature 407 residential units and 31,000 square feet of retail space.

The community, set to be finished in summer 2018, will be 90%-owned and managed by Education Realty.