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Newly Merged Firm Steering $500M ASU Development

TEMPE, AZ-Concord Eastridge lands its first major competition, a 13-acre project laced with academic, retail and residential product. The two-month-old firm was up against two other developers for the prized contract for the Arizona Arts and Business Gateway.

By Lee Simmons | Updated on July 21, 2004

TEMPE, AZ-Arizona State University has tapped Concord Eastridge Inc. to develop a $500-million, 13-acre project with a combination of academic buildings, retail and residential space next to the campus. The Arizona Arts and Business Gateway marks the first major project awarded to the recently merged development firm.

“This is really a new prototype project for higher education in America,” Joseph Pitchford, vice president of development at Concord Eastridge, tells GlobeSt.com. “It’s a mixed-use project with a split between pure academic facilities and private-sector facilities that help support those academic uses.”

With groundbreaking eyed for 2006, ASU and the developer will spend the next 18 months hashing out the scope and financial goals for the project. Concord Eastridge was one of three bidders vying for the job. Some 16 firms initially submitted proposals.

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