PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has announced updates for the first phase of Halo Vista, the co-developers’ $7 billion, 2,300-acre mixed-use campus in northwest Phoenix. Halo Vista is set to surround TSMC Arizona, the $165 billion semiconductor fabrication campus.
The co-developers, which are operating as an entity doing business as Mack Halo Vista LLC, announced that the project will include a new Costco store, two Marriott-branded hotels (a Courtyard by Marriott and a Residence Inn) and an auto mall (i.e. a cluster of car dealerships). Locally based firm Common Bond Development Group is developing the hotels after acquiring the land from Mack Halo Vista.
“Today’s confirmation of the first phase of hospitality and retail users marks an important milestone for Halo Vista because it will enable our project to deliver much-needed services in support of the growing TSMC ecosystem, while we simultaneously continue to focus on horizontal infrastructure development that underpins the entire master plan,” says Chris Janson, president of Mack Halo Vista LLC.
The new buildings will be situated at I-17 and Dove Valley Road. Infrastructure is in place and ready for development, according to the developers. Last year, the Arizona State Land Department awarded the development rights to the site now known as Halo Vista to Mack, which subsequently announced McCourt as its development partner.
At full build-out, Halo Vista will offer nearly 30 million square feet of mixed-use development encompassing industrial, retail, office, research and healthcare spaces, in addition to hospitality, retail and up to nearly 9,000 residential units. The developers say they’re aiming for Halo Vista to represent a “city within a city” and serve as a hub for science and innovation.
Mack is a development firm with headquarters in New York City. The company is currently developing industrial properties in Phoenix’s Deer Valley neighborhood and Scottsdale, Ariz. Mack is also an active multifamily developer in the Phoenix market, with several traditional apartment and build-for-rent projects underway or recently completed.
McCourt Partners is a family-owned real estate development, investment and management firm with offices in New York City and Los Angeles. The firm has made significant investments in flagship projects in New York, Los Angeles, Austin, Dallas, London and Miami.
— John Nelson