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Crescent Communities plans apartments near TSMC hub in Phoenix

The builder is latest to join Arizona's chipmaking boom
A conceptual rendering of NOVEL Norterra, a planned 248-unit multifamily development by Crescent Communities in north Phoenix near Taiwan Semiconductor Manufacturing Co,'s chipmaking plant. (Crescent Communities)
A conceptual rendering of NOVEL Norterra, a planned 248-unit multifamily development by Crescent Communities in north Phoenix near Taiwan Semiconductor Manufacturing Co,'s chipmaking plant. (Crescent Communities)
CoStar News
July 22, 2026 | 10:21 P.M.

Real estate developer Crescent Communities appears to be the latest to join in on Phoenix's chipmaking boom with plans to build an apartment complex near Taiwan Semiconductor Manufacturing Co.'s fast-growing manufacturing hub.

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