Beyond the cranes and work trucks, mostly empty desert surrounds the thousands of employees when they leave work for the day at Taiwan Semiconductor Manufacturing Co.'s Phoenix chipmaking plant.
That may not be the case in coming years. A nascent development push aims to give those workers places to shop, have lunch or dinner at familiar restaurants — and maybe take a short car ride home to the emerging neighborhoods in planning and development.
This 2,300-acre swath of land that wraps around TSMC's campus, known as Halo Vista, is billed to be Arizona's next "city within a city." Plans call for 30 million square feet of commercial space across retail, industrial and research space. Some 9,000 multifamily units are also planned for the site.
Halo Vista, while separate from TSMC's campus, is directly tied to the chipmaker's presence. The conception for this park dates back a decade for Phoenix to woo TSMC and create an ecosystem for the company to be successful.
TSMC officially entered Arizona in 2020 when it bought 1,128 acres at an Arizona State Land Auction. The company started chipmaking production at the site in 2024, and TSMC's expansion has only grown since, most recently by acquiring more than 900 acres in another state land auction in 2026.
Mack Real Estate Group made a separate $56.3 million purchase at a state land auction to acquire land for Halo Vista in 2024. Mack Real Estate and development partner McCourt Partners broke ground on Halo Vista in March months after initial tenants like Costco and Marriott International became known.
Richard Mack, chief executive officer of Mack Real Estate, said at Halo Vista's groundbreaking that "our job is to create the ecosystem at Halo Vista that best supports TSMC's success."
TSMC's manufacturing operations in Arizona represent one of the largest foreign direct real estate investments in U.S. history. Since coming to Arizona, it has only increased its investment in the area since to $165 billion.
It's not just Phoenix that's looking to capitalize on TSMC's presence. Recently, the city of Peoria, about a 25-minute drive northwest of the chip plant, established an innovation corridor to attract TSMC suppliers and support new housing for future residents.
Delivering what the neighborhood wants
Phoenix-based Common Bond Development Group is directing the initial 11-acre retail and hospitality component, branded as The Shops at Halo Vista. Common Bond plans to cast a wide net to identify and curate the right mix of tenants for the 33,600 square feet of space, starting with quality restaurants that will join Marriott's dual-branded hotel within this chunk.
With a five-story, 253-key Courtyard and Residence Inn in the works, Common Bond President Brian Frakes told CoStar News that the goal is to meet the retail and hospitality demand generated by TSMC and those coming to North Phoenix daily. Those efforts include trying to market to Taiwanese brands.
"We're going to do our best to satisfy what the neighborhood wants. I feel like there is a hole in the market for quality restaurants," Frakes said in an interview with CoStar News. "North Phoenix, I believe, is ready for it."
The developer expects to break ground on the retail and restaurant buildings in November and open about a year later, Frakes said. A future anchor to these 11 acres is expected to be a five-story, dual-branded Courtyard and Residence Inn by Marriott with 253 guest rooms, which Frakes anticipates will also start construction in November and open in March 2028.
While not part of Common Bond's 11-acre site, the Costco and an auto mall are also among the early known users for Halo Vista.
"This is the first phase, and we're continuing to work with the Mack and McCourt team for additional phases and bringing additional users," Frakes said. "This is just the beginning [for Halo Vista] and hopefully just the beginning for our involvement out there."
Surrounding area takes shape
Frakes said, historically, there has been strong demand in the trade area around Halo Vista and TSMC; but the area has been locked by the state land department. Now, more of that land has become available, and developers and surrounding municipalities have raised their hands — and auction paddles — to get in on the action.
Last August, the city of Peoria bought 834 acres to establish plans for a bigger innovation corridor to the west of Halo Vista. TSMC's expanding presence was a major reason for Peoria taking that step as it plans to attract suppliers and support new housing for future residents.
What's more, the city of Phoenix voted to rezone more than 6,000 acres of state-owned land immediately south of TSMC for a future mixed-use development that will have over 15,000 housing units across single-family and multifamily development. Pulte Homes was the applicant for the project, and the land is currently owned by the state land department.
"We're going to look back and maybe 10 years, which is a short amount of time, and say, 'Look what happened up there, from neighborhoods to schools to shopping to dining,'" Frakes said. "If TSMC didn't go out there and identify this property, the state might not have ever auctioned off anything on the west side of I-17."