Subtext To Develop “VERVE Tempe” Its Second Student Housing Development Near Arizona State University

The 240-unit, 769-bed high-rise community will bring a curated mix of wellness features and best-in-class amenities to ASU students

Tempe, AZ, (June 26, 2024) – Subtext, a national student and multifamily housing developer, announced today that it will start construction at 1011 E Orange Street in Tempe, Arizona, for the development of VERVE Tempe, a 15-story student apartment community located within walking distance of the Arizona State University campus. VERVE Tempe will deliver in Fall 2026 and is Subtext’s second project in Tempe, having delivered Canvas in 2021.

The 240-unit, 479,388-square-foot community will offer 769 beds in a mix of studio, one-, two-, three-, and four-bedroom layouts. VERVE Tempe is walkable to campus, nearby retail and restaurant attractions, and the Valley Metro Lightrail.

In addition to 2,030 square feet of street-level retail space, VERVE Tempe will boast elevated amenities, including a coffee bar with hot and nitro options; dedicated study space with booths, pods, and collab rooms; game room with a golf simulator; rooftop pool deck; and two-story fitness and wellness center with spa, sauna, and yoga studio. Apartments will feature a bright, earthy color palette with designer furnishings and finish selections residents love, like matte black hardware­.

“VERVE takes ‘live, work, study, play’ to the next level. Subtext is excited to bring this experience to ASU students,” said Brandt Stiles, Founding Partner, Subtext. “Student housing needs in Tempe continue to grow. With the right location and a thoughtfully designed community, our goal is to deliver an unmatched resident experience.”

Architecture and interiors are by ESG Architecture & Design, which Subtext has a strong history of working with in designing its upscale developments. Other development team partners include general contractor Brinkmann Constructors with construction financing provided by Kennedy Wilson.