Astria Tempe: The 27-Story Tower Next to ASU Set to Finish in 2027

Updated November 10, 2026. By Daniel Barash, REAL Broker AZ, LLC.

Astria Tempe is a 27-story residential tower at 211 E. 7th Street in downtown Tempe, Arizona, between College Avenue and Forest Avenue, next to Arizona State University. It has 380 units, topped out in July 2026 and is expected to open between summer and fall 2027. Trinitas Ventures and Mitsui Fudosan America are the developers. This is the last deep dive from our Tempe projects to watch roundup.

Astria Tempe after topping out, summer 2026. Photo courtesy of Layton Construction, via AZ Big Media.

What is Astria Tempe?

Astria Tempe is a 27-story mixed-use tower with 380 units, ground-floor retail and seven levels of structured parking. Layton Construction put the final beam in place in July 2026 and expects to finish in summer 2027, according to AZ Big Media (July 24, 2026). Layton calls Astria Tempe the second-tallest building in Tempe once complete. The leasing site, astriatempe.com, says "Opening Fall 2027."

Units range from studios to three bedrooms. Leases are 12 months, furnished and by the bedroom. Amenities include a rooftop pool and hot tub, a fitness center, study and co-working rooms, a media lounge, pet walks and a garden courtyard on level 8.

Table: Astria Tempe at a glance: 211 E. 7th St., Tempe; Trinitas Ventures and Mitsui Fudosan America; 27 stories; 380 units from studio to 3 bedrooms; 521,553 sq ft; 7 levels of parking; Layton Construction topped out July 2026; expected opening summer to fall 2027

Astria Tempe at a glance. Astria Tempe is a 27-story, 380-unit, 521,553-square-foot tower at 211 E. 7th Street that topped out in July 2026 and is expected to open in summer to fall 2027 (Trinitas Ventures, AZ Big Media, astriatempe.com).

Where is Astria Tempe?

Astria Tempe is at 211 E. 7th Street, on the block between South College Avenue and South Forest Avenue. Mitsui Fudosan America says the tower is about 300 feet from ASU and less than a quarter mile from Mill Avenue. The 0.61-acre site sold for about $6 million in 2025. Trinitas also built Atmosphere Tempe, a 254-unit building next door that opened in 2021.

This is the part of downtown where you see cranes from almost anywhere on Mill Avenue. Parking on 7th Street is tight on weekdays during the semester, which is one reason the seven-level garage matters to the neighbors.

Is Astria Tempe student housing?

Astria Tempe is marketed to ASU students, with per-bed leases, and Mitsui Fudosan America lists it as its first student housing project. It is also open to anyone. "This is multifamily housing for anyone as required by the city of Tempe's Non-Discrimination Ordinance," Matt Klinzing of Trinitas told the Phoenix Business Journal in April 2025.

The planned rooftop pool at Astria Tempe. Rendering courtesy of Trinitas Ventures.

Who is building Astria Tempe?

Trinitas Ventures of Indiana and Mitsui Fudosan America are the developers. It is the first project the two have done together. Gensler is the design architect, Niles Bolton Associates is the architect of record and Layton Construction is the general contractor. BMO Bank is the lender. "This is a community built with integrity and intention," Loren King, CEO and co-founder of Trinitas, said when the land closed in June 2025. Development costs were not disclosed.

What does Astria Tempe mean for nearby homeowners?

Astria Tempe adds 380 units within a few blocks of campus. More purpose-built housing near ASU can take some of the student rental demand off older homes and condos in the surrounding neighborhoods. It also means more people walking to Mill Avenue businesses year-round.

Astria Tempe is one of several projects reshaping central Tempe. Revelry, two towers with 533 homes at Rural Road and University Drive, started construction this fall, and 250 Rio would bring 110 for-sale condos next to Tempe Beach Park. If you are looking to buy rather than rent, my guide to how on-time rent can help you qualify for a mortgage is a good place to start.

Frequently asked questions

When does Astria Tempe open?

Layton Construction expects to finish in summer 2027, and the leasing website says it opens in fall 2027.

How tall is Astria Tempe?

Astria Tempe is 27 stories. Layton Construction describes it as the second-tallest building in Tempe once complete.

Where is Astria Tempe located?

Astria Tempe is at 211 E. 7th Street in Tempe, between South College Avenue and South Forest Avenue, next to Arizona State University.

Can anyone rent at Astria Tempe?

Yes. It is marketed to students with per-bed leases, but Trinitas says it is multifamily housing open to anyone under Tempe's Non-Discrimination Ordinance.

Thinking about buying or selling near downtown Tempe while these towers go up? Call or text me at 480.906.3831 and I will walk you through what is selling nearby.

Project details as of November 10, 2026, subject to change. Renderings are the developer's and may not match the finished building.

Daniel Barash | REAL Broker AZ, LLC | 480.906.3831

Daniel Barash has spent 10 years in Phoenix-area real estate, helping buyers and sellers in Tempe, Chandler, Scottsdale, Mesa, Gilbert and Phoenix. He is a real estate agent with REAL Broker AZ, LLC.