$7 billion mixed-use project breaks ground next to Phoenix campus of the world’s largest chip manufacturer
In Phoenix, Halo Vista, a 2,300-acre master-planned development that broke ground in March, will create a mixed-use community adjacent to the fabrication campus of Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chip manufacturer.
A joint venture by Mack Real Estate Group and McCourt Partners, the $7 billion Halo Vista project will provide almost 30 million sf of industrial, manufacturing, office, retail, residential, and educational spaces.
Halo Vista aims to serve as a global hub for science, innovation, and community, as well as an economic catalyst for the region and for the U.S. semiconductor industry. The innovation and research hub will bring together high-tech manufacturing with chip designers, engineering students, and pioneering companies. The project also will provide much-needed space for the large local workforce expansion driven by TSMC.
“TSMC’s semiconductor products are fundamental to the modern global tech economy, making TSMC one of the most important companies of our time,” Richard Mack, CEO, Mack Real Estate Group, said in a statement. “Our job is to create the ecosystem at Halo Vista that best supports TSMC’s success and reindustrialization in America generally.”
Halo Vista’s key districts comprise The Forge, a dedicated zone to include advanced manufacturing; Sonoran Oasis Research and Technology Park for scientific research, development, and engineering; and The Commons, which will offer residential, retail, office, and medical fitness spaces, plus other amenities.
The development’s first confirmed retail and hospitality anchors include Costco, a planned auto mall developed by De Rito Partners for about 11 dealers, and a five-story Marriott hotel with both Courtyard and Residence Inn properties, delivered by Common Bond Development Group.
Willmeng Construction will lead the initial phase of construction, which will focus on horizontal infrastructure and site preparation.
