Through smart planning, savvy investing and stakeholder alignment, the Valley’s reputation as a nascent industrial powerhouse is spreading. TSMC’s $165 billion campus in North Phoenix is symbolic of the region’s transformation away from the boom-bust cycle that left it vulnerable during the 2008 financial crisis and towards a more resilient, diversified economy. To help meet the demand generated by TSMC’s substantial investment, Mack Real Estate Group (MREG) and McCourt Partners will host a ceremonial groundbreaking for Halo Vista — a $7 billion master-planned mixed-use development abutting TSMC — on March 26.
Billed as a “city within a city,” Halo Vista’s 2,300-acre footprint aims to create an innovation hub anchored by Greater Phoenix’s growing semiconductor ecosystem, offering nearly 30 million square feet of industrial, retail, office, research and healthcare spaces, along with hotels and upward of 9,000 residential units.
According to Chris Janson, president of Mack Halo Vista, the first structures to emerge from the desert will address the corridor’s immediate gaps. So far, an auto mall, Costco, Courtyard by Marriott and Residence Inn have been announced…