PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has broken ground on Halo Vista, a $7 billion mixed-use development in North Phoenix that has been billed as a “city within a city.”
Situated adjacent to the Taiwan Semiconductor Manufacturing Co. (TSMC) campus, the 2,300-acre master-planned project is designed to be a global hub for science, innovation and community. The initial phase of construction will focus on crucial horizontal infrastructure and site preparation, with work led by Phoenix-based Willmeng Construction.
The master plan for the site includes nearly 30 million square feet of industrial, office, retail, residential and educational uses. Companies that have already committed to Halo Vista include Costco and Marriott, which plans to develop a five-story, dual-branded hotel under the Courtyard and Residence Inn brands. Those announcements came in October.
In addition, DeRito Partners is planning an “auto mall” at Halo Vista that will feature approximately 10 dealership facilities. These developments are part of the first phase of commercial space that is planned along I-17 and Dove Valley Road and is designed to serve the thousands of workers and residents anticipated to join the Halo Vista community.
“Northwest Phoenix has always had strong neighborhoods and a great quality of life. What’s arriving now is the economic depth to match it,” said Ann O’Brien, Phoenix city councilwoman for District 1 and an attendee at last week’s groundbreaking ceremony.
“With the ecosystem growing around TSMC and developments like Halo Vista, we’re creating real career pathways for longtime residents, for students and skilled trades workers, for entrepreneurs and young professionals, and a thriving community where people choose to stay and others choose to arrive.”
“Halo Vista represents a transformative development to usher in a new era, serving as a catalyst to accelerate Arizona’s economic future,” added Sandra Watson, president and CEO of the Arizona Commerce Authority. “Positioned alongside TSMC’s historic investment, this visionary development will serve as an international innovation engine — supporting companies at the cutting edge of technology, attracting world‑class talent and strengthening our already robust semiconductor supply chain.”
Mack Real Estate is a development firm with headquarters in New York City. McCourt Partners is a family-owned real estate development, investment and management firm with offices in New York City and Los Angeles.
- Taylor Williams