City of Tempe, AZ
06/02/2026 | Press release | Distributed by Public on 06/03/2026 11:13
Economic Development News: June 2026
Shorehaven, which encompasses three of the five towers currently under construction on the south bank of Tempe Town Lake, is now leasing its studio, one-, two- and three-bedroom units.
The 722-unit mixed-use community developed by Silverstein Properties, which offers stunning views of Tempe Town Lake, will feature approximately 26,000 square feet of ground-floor retail. Once fully built out, the buildings will be surrounded by retail, dining, entertainment, hotel and office space as part of the larger $1.8 billion South Pier development project.
About 9,200 multi-family housing units have been built in Tempe in the last six years, according to CoStar. Tempe ranks fourth among Phoenix's apartment submarkets. Another 2,000 units are in the works, representing the third-largest active construction zone in the area.
City of Tempe, AZ published this content on June 02, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 03, 2026 at 17:13 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]