Phoenix to Host $7 Billion 'City Within a City' Development
The ambitious Halo Vista project aims to create a mixed-use community surrounding a major semiconductor manufacturing hub.
- The Halo Vista project, led by Mack Real Estate Group and McCourt Partners, will cover 2,300 acres in Phoenix, Arizona.
- The development will include residential, industrial, retail, and educational facilities, aiming to foster a vibrant community.
- Taiwan Semiconductor Manufacturing Company (TSMC) is a key partner, with plans to invest up to $120 billion in the area.
- The project is expected to generate 10,000 permanent jobs at the TSMC plants and an additional 80,000 jobs in the surrounding development.
- Challenges include integrating advanced technology while maintaining sustainability, especially in water conservation and renewable energy.