Massive N. Phoenix Development Could Get Moving Next Year

The developers of the much-anticipated Halo Vista say they are ready to get going on the project in early 2025. The $7 billion project will consist of 2,300 acres in N. Phoenix, adjacent to the $65 billion Taiwan Semiconductor Manufacturing Company Plant. At buildout, the factory could total nearly 30 million square feet and create upwards of 70,000 new jobs.

The Phoenix Business Journal reports that the developers, Mack Real Estate Group and McCourt Partners, are starting with the infrastructure. They are working with several City of Phoenix departments on master plans for water and transportation and an infrastructure reimbursement agreement for the 2,300-acre site. The first phase of the project will include an auto mall, retail, office and industrial development.

Two major districts in Halo Vista will include the Forge, a 12 million-square-foot manufacturing hub, and the Sonoran Oasis Research and Technology Park, which will have 3.5 million square feet of flexible technology and office space. A large portion along Interstate 17 could see more than 500,000 square feet of destination retail to support the project’s employers and residents.