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National home builder eyes area east of ASU

PHOENIX — Tempe, Ariz. continues to grow.

The Lennar Corporation, based in Miami, specializes in home building, but they are looking to build a massive apartment complex, just east of Arizona State University.

The complex would house 395 units, sit five stories tall and be located at Dorsey Lane and Apache Boulevard, right off the light rail.

Construction could begin next year for a grand total of $65 million.

Lennar is no stranger to the Tempe area, having “a 328-unit luxury development under construction on Tempe Town Lake,” according to the Phoenix Business Journal. They also have plans for apartments at McDowell Road and Central Avenue in Phoenix.