Core Spaces Delivers 6,000 Student Beds Nationwide as Hub Tempe Stays on Track for 2028

Core Spaces, one of the largest student housing developers in the country, announced on August 26 that it delivered six Hub-branded communities totaling roughly 6,000 beds for the 2026-27 academic year, in Ann Arbor, Boulder, Knoxville, Madison, Raleigh, and Tallahassee.

For Arizona, the important line in the release is about the pipeline. Core Spaces listed Hub Tempe near Arizona State University as progressing toward delivery in 2028, alongside projects in Columbia and College Station. Hub on Campus Tempe, a joint venture between Core Spaces and Wexford, is the 30-story tower in downtown Tempe that broke ground in October 2025. It is planned for 1,957 beds with a rooftop amenity deck and ground-floor retail. RSP Architects is the architect, Findorff is the general contractor, and Kennedy Wilson provided construction financing. Completion is scheduled for summer 2028.

The national delivery numbers speak to how much institutional capital remains committed to purpose-built student housing, and the Tempe tower will be among the tallest and largest student housing buildings in the Southwest when it opens.

Hub Tempe also continues a shift in how student housing is being built around ASU. Early purpose-built communities near campus were mostly four- and five-story wood-frame buildings. The current generation, including Rambler Tempe at 14 stories and Hub Tempe at 30, uses concrete and steel to put far more beds on far less land, which is what a constrained downtown campus environment demands.

Why it matters to JFN

A 30-story, nearly 2,000-bed tower is a different order of plumbing and mechanical engineering from a garden-style community: multiple domestic water pressure zones, large booster and hot water plants, stacked wet walls repeated across dozens of floors, and a two-year construction sequence where the mechanical trades set the pace once structure is complete. Downtown Tempe has become a proving ground for this kind of high-rise student housing, and every project that stays on schedule strengthens the case for Arizona as a market where big, complex residential buildings get built well. We will be following Hub Tempe’s progress closely.

Sources: Business Wire, August 26, 2026; REBusinessOnline, October 21, 2025