T
he McBride Cohen Management Group has secured $35 million from JLW Tempe Investments to advance the second phase of South Pier, a massive urban retail village in Tempe. The 12.4-acre development on Tempe Town Lake will feature 18 buildings with 2,300 apartments, 160 condominiums, and 520 hotel rooms, as well as office space, shops, restaurants, a public pier, and an 80-foot waterfront Ferris wheel. The project's buildout is expected to be completed by 2038.

    The first phase, which broke ground last year, includes three apartment towers with 724 units and 26,800 square feet of retail on 3.3 acres. A second phase will add 624 apartments, two hotels with 520 rooms, two office towers, and "potentially dozens" of shops and restaurants.

    The McBride Cohen Company, founded by Loren McBride Cohen in 1999, offers design, development, and construction management services, with $10 billion in active projects across the US and Mexico. The company has a long-term vision for South Pier, which will be built over seven phases spanning 15 years.