Shorehaven Project Reaches Construction Milestone
Shorehaven is a significant first step in building South Pier, a master-planned waterfront destination boasting a comprehensive $1.8 billion development that merges residential, dining, entertainment, and office spaces. This exciting phase aims to enhance urban living experiences while prioritizing community connection.
Topping Out Ceremony Celebration
Recently, the topping out of Shorehaven was successfully celebrated, with key stakeholders from Cantor Fitzgerald and Silverstein Properties gathering to mark this construction milestone. This mixed-use development is located on the scenic banks of Tempe Town Lake, known for its vibrant atmosphere and attractive amenities.
Overview of Shorehaven's Features
Spanning 3.3 acres, the Shorehaven project encompasses a remarkable 1.3 million square feet of thoughtfully designed urban space, featuring three iconic towers. This development masterfully combines residential, retail, and recreational modules, specifically crafted to enhance the lives of those living and working in Tempe.
The design emphasizes creating a community, highlighting the collaborative efforts of major contributors: Silverstein as the lead developer, Clayco as the builder, and DAVIS as the project’s architect. Katie Bowe Design provides the expert touch in interior design, ensuring that every corner of Shorehaven reflects high design standards.
Community Impact and Residential Offerings
With a total of 722 luxury residential units, Shorehaven is expected to play a pivotal role in the development of a new waterfront community. The project includes over 840 below-grade parking spaces, accommodating both residents and visitors, along with facilities for bicycle parking, emphasizing eco-friendly transportation solutions.
A Harmonious Living Space
Shorehaven's interiors are designed to inspire and provide comfort. Each unit showcases breathtaking lakefront and mountain views, blending organic materials and innovative architecture. Residents will experience a unique lifestyle with amenities spanning both indoor and outdoor spaces.
Outdoor features comprise relaxing resort-style pools, barbecue stations, yoga lawns, and well-designed recreational areas. The project also integrates local culture with mural art created by renowned artist Andy Brown, adding to the project’s charm and community feel.
Future Prospects of Shorehaven
Looking ahead, Shorehaven aims to significantly contribute to the vibrant culture of Tempe and foster a cohesive community atmosphere. This waterfront destination is not just about luxury living; it is envisioned as a cornerstone for public engagement and recreational activities.
Retail Opportunities and Community Engagement
With over 26,000 square feet dedicated to retail experiences, Shorehaven is positioned uniquely to cater to future residents, offering diverse shopping and dining options with picturesque views of the lake. These facilities are set to enhance the daily lives of residents and encourage interactions within the community.
This endeavor is bolstered by support from Qualified Opportunity Zone investments, aimed at transforming the surrounding area into both a vibrant community and a premier recreational destination within the greater Phoenix locale.
About the Developers
Cantor Fitzgerald, L.P. has established itself as a leader in the financial services sector for nearly eight decades. They are recognized for their strategic investments in high-quality real estate projects across Opportunity Zones in the United States, with a focus on multifamily developments, which Shorehaven exemplifies.
Silverstein Properties stands out as a full-service real estate development and management firm. Their portfolio includes a massive array of commercial and residential properties, showcasing a commitment to quality and community-focused developments.
Clayco ensures that the execution of the project meets the highest standards of construction through environmentally responsible practices and innovative solutions that emphasize quality and aesthetics.
Shorehaven's Commitment to Sustainable Living
As part of its enduring ethos, Shorehaven is dedicated to promoting sustainability within its design concepts and operational practices. By offering modern conveniences alongside eco-conscious choices, the development sets itself apart as a leader in innovative urban living.
Frequently Asked Questions
What is Shorehaven?
Shorehaven is a mixed-use development that features residential, retail, and recreational spaces designed to enhance urban living.
Who are the primary developers?
The project is a collaboration between Cantor Fitzgerald, Silverstein Properties, and Clayco.
What amenities will Shorehaven residents enjoy?
Residents will benefit from various amenities such as pools, fitness centers, and beautifully designed green spaces.
When is Shorehaven expected to be completed?
Shorehaven is slated for completion in 2026.
How will Shorehaven impact the local community?
Shorehaven aims to create a vibrant community, promoting social interactions and recreational activities that engage both residents and visitors.
