New Construction at TSMC’s Phoenix Site Ushers in Halo Vista Project
The landscape surrounding TSMC’s manufacturing site in north Phoenix is set for a significant transformation with the introduction of the Halo Vista development. This expansive project is poised to integrate industrial facilities, multifamily residences, office spaces, and a vibrant retail sector featuring an autopark, Costco, and a Marriott hotel.
Richard Mack, CEO of Mack Real Estate Group, which is spearheading the development alongside McCourt Partners, describes Halo Vista as a “halo, literally and figuratively, of productive capacity to make TSMC better and to make the land around TSMC livable.” With around 1,500 suppliers linked to TSMC, the development aims to provide strategic proximity to the U.S.-based manufacturing hub.
Mack emphasizes the project’s role in cultivating an ecosystem to bolster TSMC’s operations and potentially attract other advanced manufacturers. The developers acquired the state trust land in 2024, focusing the past two years on establishing the necessary infrastructure before commencing the first phase of construction. This initial phase will see the erection of seven industrial buildings, although specific tenants remain undisclosed.
“What we’ve tried to do is build a variety of shapes and sizes of buildings, so that we can offer a diversity of space and things like power, ceiling, heights and floor loading, as well as delivery access,” Mack explains, highlighting the commitment to accommodating diverse tenant needs.
While developers are confident about the water and energy resources available for Halo Vista, Mack notes, “One of the things we don’t have enough of yet, and that we will have over time as the city builds it out, is additional wastewater capacity.” Tax revenues from the project are anticipated to assist Phoenix in funding direct potable reuse processes, a sophisticated method of transforming wastewater to drinkable standards, marking a first for the local market.
The energy demands for Halo Vista are still being determined, with Mack stating, “it’s really going to be a question of what the uses end up being, and do we have more power use than we expect? But right now, we anticipate we have enough power to fulfill the uses that we need.” The exact energy needs of TSMC’s plant remain uncertain, but Arizona Public Service officials have indicated that each $100 billion invested equates to approximately 1 gigawatt of power demand, sufficient for powering nearly one million homes. TSMC’s total investment in the site has reached $265 billion.
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