Subtext plans 15-story VERVE Tempe student housing in Tempe

Article originally posted on AZ Big Media on June 27, 2024

Subtext, a national student and multifamily housing developer, announced today that it will start construction at 1011 E. Orange St. 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 a mix of studio, one-, two-, three-, and four-bedroom layouts, totaling 769 beds. VERVE Tempe provides residents with walkability to campus and nearby retail and restaurant attractions, as well as proximity to 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 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.