Affiliates of Cantor Fitzgerald, L.P. and Silverstein Properties announce the topping out of Shorehaven, a mixed-use development on the south bank of Tempe Town Lake in Arizona.
Built across 3.3 acres, the 1.3-million-square-foot Project features three striking towers, offering a blend of residential, retail, and recreational spaces designed to enhance urban living. Silverstein is leading the development, with Clayco as the builder, DAVIS as project architect, and Katie Bowe Design as interior designer.
“This milestone is a celebration of the dedication and craftmanship of the more than 1,000 men and women who have put their heart and soul into making Shorehaven a beautiful and welcoming place to live and visit,” said Ryan Abbott, President, Southwest Region at Clayco. “At Clayco, we believe in creating spaces that are more than structures—they are places where people feel connected and inspired. Shorehaven embodies that vision, offering a beautiful, welcoming environment that reflects the hard work of everyone involved.”
Shorehaven represents the first phase of South Pier, a comprehensive master-planned community on Tempe Town Lake, one of Arizona’s leading tourist attractions. The $1.8-billion development, when complete, will build out a multi-acre complex of apartment, condo, hotel, and office towers along with an entertainment pier.
The 722-unit luxury residential Project includes more than 840 below-grade parking spaces, 750 bicycle parking spaces, 20,000 square feet of indoor amenity space, 30,000 square feet of outdoor amenity space, and 26,000 square feet of retail at the base of the three towers. Shorehaven is slated for completion in 2026.
“Shorehaven represents the foundation of a new waterfront community in Tempe,” said Chris Milner, CIO, Real Assets at Cantor Fitzgerald Asset Management. “This project, supported by Qualified Opportunity Zone investment, will help transform the area into a vibrant community and a premier recreational destination in the greater Phoenix area.”
Shorehaven will offer a mix of studio, one, two, and three bedrooms with sweeping lakefront and mountain views. Designed by Katie Bowe Design, the units blend organic textures, rich finishes, and bold architecture to create an immersive living experience. Natural stone, wood paneling, and earth-toned plaster form a layered, refined interior, evoking warmth and serenity. The spacious units include balconies, oversized closets, stainless steel appliances, full-size washer and dryer, and smart home technology.
The units feature over 50,000 square feet of state-of-the-art indoor and outdoor amenity space that encourages social connection and personal retreat, all set against stunning natural views. Amenities include coffee bars, lounge seating, fitness centers, a yoga studio, a game room, and a business center indoors, while outdoor offerings include two resort-style pools, barbeque stations, yoga lawns, a dog run, and a spa. Local artist, Andy Brown, will create a more than 1,000 square feet of mural art to enhance the retail corridor.
“Shorehaven will not only offer a luxurious lakeside experience but will also serve as a cornerstone for a community-centric destination, enriching both residents’ lives and the surrounding waterfront landscape,” said Jeffrey Deitrich, Head of Equity Investments and Portfolio Manager of Silverstein Properties.
A key element of the Shorehaven design is the introduction of monumental curvilinear forms, which act as dramatic focal points throughout the space. The design reflects a connection to the natural environment, with a façade inspired by canyon formations and landscaping that enhances the waterfront experience. Pedestrian-friendly pathways, lush green spaces, and open areas create a sense of tranquility, while also fostering social interaction through public events.
With more than 26,000 square feet of retail space, Shorehaven presents a rare opportunity to create a destination that caters to the 1,100+ future residents. The retail offering includes a waterfront dining experience with views of the lake, a rarity in Phoenix. Cushman & Wakefield is leading retail leasing efforts.
Cantor and Silverstein launched the opportunity zone business in early 2019 to invest in, develop, redevelop, and manage a diversified portfolio of institutional quality commercial real estate assets with an emphasis on multifamily properties located in qualified opportunity zones in the United States. Their opportunity zone development portfolio includes eleven projects in various stages of development exceeding $2.2 billion in total estimated project costs, an average of $203 million per project.
