Broadstone Lakeside will take up all of the land between Regatta Pointe and 525 Town Lake. 4 stories + mezzanine 5th level, co-working office space along 1st Street. Here is a rendering:
http://orbarch.com/index.php/mies_portfolio/on-the-boards/
Scroll to the next image and you'll see Jefferson Town Lake and, IMO, the two side-by-side shows just how monotonous design has become. This project looks exactly like the Residences on Dorsey Lane/University and many, many others with the 4 story + 5th level mezzanine facade. Considering the DRC's obsession with adding nautical features to lakefront projects, I would think this will get modified a bit. It's also strange that 4 and 5 story single-use projects on the lake and on sites closer to downtown have been passed without question, yet such a big deal was made over the Southbank proposals?
Considering what it will be replacing, it's a nice project from a quality developer. And, the Pony Acres brewery on 1st/Hardy was also approved. But, it's really too bad that Tempe made some really poor choices in terms of infrastructure that are starting to impact (or eliminate) the connectivity between different neighborhoods and roads.
1. They may have had no choice, but the northern frontage of all these west-side lake projects are terrible. None meet Rio Salado, and the large banks create barriers that eliminate any chance of making an urban environment in the areas surrounding TCA. Had Lakeshore Drive been developed parallel to Rio and connected to Farmer, that might've helped, but instead, it dead-ends into Regatta Pointe.
2. 1st Street between Farmer and Hardy is becoming a great model of a modern urban neighborhood. Heights range from 4-6 stories, with 4 continuous projects featuring ground-level live/work spaces built to the street. But, this segment is cut off due to the alignment issue with Rio Salado at Ash, and is further separated from Farmer by the huge substation on the south side of the street.
I am sure development on Farmer will catch up at some point and might mitigate some of that disconnection, but I have to think the streets could have been laid out in a more sensible manner to promote E-W traffic flow. And, W Rio Salado is just never going to be remotely urban (as noted by the wall Argo put up between the sidewalk and its retail). Ash is going to be just as big of an issue when trying to dispose of the many irregularly shaped lots.
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PS- Tempe has made the majority of their docs available again, including 7th Street Mixed Use (which is 12-story residential, 14-story hotel, 20-story residential):
http://www.tempe.gov/home/showdocument?id=34586