Phase one of Pier Village began construction in 2002 and was completed a year later, bringing more than 300 apartments and 100,000 sf of retail, mostly high end, and restaurants to this city's oceanfront. Planning for phase two began in 2003 and the process was marked by eminent domain questions. Phase two, however, is getting under way largely without the use of eminent domain, however.

And a phase three is already in the planning stages, with Applied remaining as the designated developer by the city. Company and city officials say they are currently negotiating a final deal for that phase, which is projected to include another 275 residences, including 200 apartments and 75 condos. Also part of the plan are a 100-room hotel, another 20,000 sf of retail space and a new oceanfront park.