Aspirant Plans 533-Apartment Revelry in North Tempe
The multi-use complex will feature two towers and space for retail on a site near Trader Joe's and Arizona State University.
Updated on Nov. 5, 2026 in Apartments
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Aspirant Development, a division of Empire Group, plans Revelry, a 533-apartment complex with two towers in north Tempe. Construction broke ground in fall 2026 on the site, where a storage facility and the Devil's Advocate bar were demolished.
Why it matters
The project adds apartment supply to the ASU Novus Corridor, where about 850 units were already open as of May 2026. It reflects continued residential development near the Arizona State University campus.
Aspirant Development paid $16 million for two parcels totaling about 3.66 acres, bought in 2022 and 2023. The taller tower stands 17 stories and the shorter one 15 stories.
The players
Aspirant Development
A division of Empire Group that acquired the parcels and is developing Revelry.
Empire Group
The parent company of Aspirant Development, active in Arizona real estate development.
The details
Revelry will include a bowling alley, resort-style pool, pickleball courts, and a golf simulator. The east tower is designed with space suited to a coffee shop, restaurant, or boutique fitness, beauty, and wellness services, according to site plans.
Timeline
2022: Aspirant Development began buying the parcels for $16 million.
2023: The parcel purchase was completed.
Late 2024: The Devil's Advocate bar closed.
May 2026: About 850 apartment units were open in the Novus Corridor.
Fall 2026: Construction broke ground on Revelry.
Roadmap
Revelry adds to the wave of student-oriented apartment construction around Arizona State University's north Tempe campus. It extends an apartment build-out that has already placed about 850 units in the Novus Corridor.
Renters looking near Arizona State University will see another large option in north Tempe once Revelry opens. Prospective tenants should watch for rent details and move-in dates as the project moves forward.
The takeaway
Revelry shows developers continuing to build large apartment projects near universities where demand is high. Renters comparing options in north Tempe may find more choices as these buildings open.
Further reading
Explore more Tempe Apartments listings and development news in the area.
Source note: This article includes information reported by AZ Central.
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