TEMPE, ARIZ. — Trinitas Ventures and Mitsui Fudosan America have closed on the land sale for Astria Tempe, a 27-story mixed-use tower near Arizona State University. Construction is slated for completion in summer 2027.
This is Trinitas’ first collaboration with Mitsui Fudosan America, which is the U.S. division of publicly traded Japanese real estate company Mitsui Fudosan Co. Layton Construction Co. will serve as general contractor, and Niles Bolton Associates is the architect. BMO Bank is the lender on the project. TSB Capital Advisors arranged equity for the development. Development costs were not disclosed.
The tower will feature a variety of studios and one-, two- and three-bedroom residences. Unit amenities include high-speed internet and cable, in-unit laundry, hardwood-style flooring, quartz countertops and stainless-steel appliances. Select homes will include private balconies offering views of the Tempe skyline.
A pool, hot tub, fitness center, coworking space, social lounges and ground-floor retail are a few of the property’s amenities.