The ASU Foundation and ASU President Michael Crow are moving in together at University Drive and College Street.
When the $43.5 million, six-story, 140,000-square foot ASU Foundation building is completed in January, it will house the Foundation, a separate, non-profit organization that supports ASU, ASU faculty and administration.
Roughly 7,500-square feet of the building also will be rented to retail businesses.
"There has been a lot of interest," said Marlys Anvik, senior associate vice president of finance administration for the Foundation. "I'm expecting contracts within the next month."
The amount of tenants in that space depends on the amount of space needed by each individual tenant, Anvik said. She said five or six retailers are in negotiation with the University.
ASU will occupy roughly 90,000-square feet of the building, including administrative offices, said Kath Steuer, senior architect of the Foundation building. The third floor will include the chief financial officer, public affairs department, general council and the budget department, she said. Crow and ASU provost Milton Glick's offices will occupy the fourth floor, Steuer said.
She said the ASU Foundation would occupy the fifth and sixth floors.
The first floor and part of the second floor will house the dean's office of the College of Liberal Arts and Sciences, Steuer said.
"This building will allow us to gather together," said Jim Hathaway, manager of market development at the College of Liberal Arts and Sciences. "We are basically as close to everything as before, just moving north."
The second floor also will include the Information Resource Management, Undergraduate Initiative, which includes the Registrar's office, Student Affairs, computing services, Student Financial Assistance, and Undergraduate Admissions offices, Steuer said.
The ASU Foundation also is building a six-story parking structure next to the building, Anvik said.
Currently the offices at the Foundation are in five different locations in Tempe, including the University House, University Services Building, Mariposa Hall, Solar House, and the Wells Fargo Building at Broadway Road and Mill Avenue.
Rent paid by the Foundation, ASU and other tenants will fund maintenance of the building as well as payment of the bonds that were issued in order to construct the building, Anvik said.
Reach the reporter at katherine.ruark@asu.edu.
