Peoria’s Sprawling Vistancia Project to Deliver Final Community
It all got started in 2004. And today, one of Arizona’s most ambitious master-planned communities has made it to its fifth and final community. FIVE NORTH at VISTANCIA is the final community in the 7,100-acre master-planned community.
Construction of FIVE NORTH is anticipated to begin in early 2024. The initial phases are planned to include a main street restaurant/retail corridor, hospitality, office, healthcare, education, an employment core, and an additional 1,500 luxury mid-to high-density residential units. In addition, an extension of Vistancia’s signature Discovery Trail is planned, offering a linear park connection through the entire property.
The site is approximately 10 minutes from the Taiwan Semiconductor Manufacturing Co. (TSMC) in North Phoenix. The area is prime for workforce development with 462,500 workers within a 30-minute drive time.
California-based IHP Capital Partners and Minneapolis-based Värde Partners own Vistancia in a joint venture.