PHOENIX—In this edition of Deal-Tracker, Wetta Ventures, Arizona State University Foundation and SkySong, The ASU Scottsdale Innovation Center announces a partnership to develop a $5 million, multiple-restaurant building at the thriving Scottsdale project.

This announcement comes on the heels of Wetta Venture's successful redevelopment and opening of the Annex (615 S. College) at ASU in Tempe, which is a public-private venture with ASU. Postino Winecafe and Snooze, an AM Eatery, both opened at the Annex last fall. In November of last year, Wetta Ventures made headlines with the development and sale of its adaptive reuse project, Old School O7, for a record price-per-square-foot. The company is now working on a high-profile retail and office project on the Camelback Corridor, CB20, in Phoenix.

Prominently located at the northeast corner of Scottsdale Road and SkySong Boulevard, the new 12,000 square foot development is expected to include three to four tenants, one of which will be a 4,500 square-foot, farm-to-table restaurant. A unique feature to the development will be a 3,000 square-foot garden that will be professionally installed and curated.