Hub on Campus Tempe will offer 1,957 beds for students attending Arizona State University. (Rendering courtesy of Core Spaces, RSP Architects)
TEMPE, ARIZONA — A joint venture between Core Spaces and Wexford Developments has broken ground on Hub on Campus Tempe, a 30-story, 1,957-bed student housing tower located near the Arizona State University campus in downtown Tempe. The high-rise is scheduled for completion in summer 2028 and will feature a rooftop amenity deck and ground-floor retail space.
Kennedy Wilson provided the construction financing, with TSB Capital Advisors consulting on the transaction. The project team includes Findorff as general contractor and RSP Architects as design lead, while Core Spaces will manage the property upon completion. Core’s in-house design team is also leading the interior design.
The development site was formerly home to the historic Harry Walker House, known locally as the House of Tricks restaurant. The structure has been relocated near Tempe City Hall on Fifth Street for future preservation and restoration. The development team is also working to protect the nearby First Congregational Church, which will transfer to city ownership for long-term preservation.
“This development will provide much-needed housing while also keeping the city’s historic landmarks part of the evolving landscape,” said Doug Tichenor, Senior Director of Entitlements at Core Spaces. “We see this project as a place that adds to and reflects the character, energy and history of this community.”
Tempe Mayor Corey Woods added, “Tempe’s growth gives us the opportunity, and the responsibility, to invest in housing that strengthens our community while preserving the stories and landmarks that define who we are.”
Core Spaces previously developed and sold the first Hub on Campus Tempe in 2013 (now University House) and delivered ōLiv Tempe in 2020, which it continues to own and operate. The Chicago-based company’s national student housing portfolio includes more than 48,000 beds owned or managed, with another 49,800 beds in development. Its build-to-rent division adds more than 3,000 homes across high-growth U.S. markets.
Wexford Developments, with offices in Calgary and West Palm Beach, Florida, has an established presence in Tempe through its ownership and operation of multiple residential, hospitality, and restaurant properties in the downtown core.