Mixed-use high-rise, developed with Mitsui Fudosan America, remains on track for Summer 2027 completion
TEMPE, AZ — Trinitas Ventures and development partner Mitsui Fudosan America have topped off Astria Tempe, marking a significant milestone in the development of the 27-story mixed-use high-rise just steps from Arizona State University. With the final beam now in place, the project is due to welcome its first residents in Summer 2027.
“The topping off of Astria Tempe marks an exciting milestone for our team, our partners, and the City of Tempe. Every decision behind this project—from site selection and design to construction and capital partnerships—has been guided by data-powered planning, disciplined execution, and our purpose of enhancing lives by creating exceptional real estate,” said Loren King, CEO and co-Founder of Trinitas. “Projects like Astria Tempe are possible because of the expertise of our team, the strength of our partnerships, and a shared commitment to creating lasting value for residents, investors, and the community. Seeing that vision take shape is something of which we are incredibly proud.”
Astria Tempe is centrally located on East 7th Street between South College Avenue and South Forest Avenue. Layton Construction Co., one of the nation’s largest builders, serves as general contractor. BMO Bank, now financing its second Trinitas project in the Tempe market, is providing construction financing for the development. TSB Capital Advisors arranged equity, and Niles Bolton Associates serves as architect of record. This is Trinitas’ first collaboration with Mitsui Fudosan America.
Once complete, Astria Tempe will offer studio, one-, two-, and three-bedroom residences with high-speed internet and cable, in-unit laundry, hardwood-style flooring, quartz countertops, stainless-steel appliances, and custom wood finishes, with select homes featuring private balconies overlooking the Tempe skyline. Residents will have access to a pool, spa, fitness center, co-working space, social lounges, and dog-friendly outdoor areas. Ground-floor retail and restaurant space, designed to activate the streetscape along East 7th Street, is now being marketed for lease. The community was designed to support both connection and convenience, creating an environment tailored to the evolving needs of residents in one of the nation’s fastest-growing university markets.
“Astria Tempe is the largest development in Trinitas’ history and reflects the strength of the platform we’ve built over more than two decades,” said Brad Bennett, executive vice president of investment management at Trinitas. Delivering a project of this scale requires deep market expertise, disciplined execution, and trusted partnerships. Reaching this milestone ahead of schedule is a testament to the collaboration between our team, Mitsui Fudosan America, and every partner helping bring this community to life. Together, we’re creating a landmark development that will serve residents and contribute to the continued growth of downtown Tempe.”
With Astria Tempe now structurally complete, Trinitas continues to deepen its presence in the Phoenix metro area, building on a national pipeline of communities shaped by market intelligence, thoughtful design, and a commitment to creating places where residents can thrive.
About Trinitas Ventures
Trinitas Ventures is a Carmel, Indiana-based fully integrated real estate firm specializing in the investment, development, construction, management, and acquisition of high-quality residential communities. For every investment, Trinitas combines data-powered foresight, institutional discipline, entrepreneurial agility, collaborative partnerships, and purpose-driven values to deliver communities that enhance lives and create lasting value. The company has developed nearly $3 billion in residential communities nationwide, with a current pipeline of more than 16 projects valued at over $1.9 billion. Learn more at www.trinitas.ventures.
About Mitsui Fudosan America
Mitsui Fudosan America, Inc. (MFA) is the US subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co., Ltd., a publicly-traded company with approximately $64 billion (¥10 trillion, as of Dec. 2025) of assets. MFA is responsible for Mitsui Fudosan’s real estate investment and development activities in North America, and is headquartered in New York, with branch offices in San Francisco, Los Angeles, Dallas and Honolulu. MFA has been an active investor in the United States since the 1970s, with a focus on the East and West Coasts and the Sun Belt. MFA’s portfolio currently includes more than 6,000 apartments, about 10 million square feet of commercial space, and over 740 hotel rooms. In the last 14 years, MFA has developed over 9,000 apartments, with another 5,000 in development, and more than 6.7 million square feet of commercial space, with an additional 3.8 million square feet in development.