South Pier Lot 1 (Land Sale)

JLL is pleased to introduce the unique opportunity to acquire the fee simple title to an infill lot (“Lot 1”) as part of the luxury South Pier Tempe Town Lake mixed-use development with master developer rights for future lots. South Pier will feature Class A multifamily, office, retail, senior housing, and hotel space all within one of the best major in-fill locations within the entire Phoenix MSA.

Lots 5 and 6 are currently under construction and the master developer is looking to sell Lot 1, giving future ownership the ability to develop 624 multifamily units, +21,000 SF of Class A retail space, and a parking garage. The buyer of Lot 1 may also secure master developer rights to own and build Lot 2, Lot 4, Lot 7, Lot 8, & Lot 9, accounting for +600K SF of office/retail space, 520 hotel keys, 200 senior housing units, and 994 multifamily units.

South Pier represents one of the largest projects in the Phoenix MSA and will be one of the top destinations in the market once completed. The Project will deliver a world class waterfront experience that will transform the south bank of Tempe Town Lake by matching the beauty of the surrounding desert with an aspirational atmosphere that is undeniably fun and fulfilling for residents and visitors alike.

With few remaining developable parcels on Tempe Town Lake, Lot 1 provides an exceptional opportunity to quickly acquire and develop a portion of South Pier, with upside to control and develop the majority of the Project in a luxurious, high barrier-to-entry location.