For years, North Phoenix was expected to become a sea of sprawling homes as a continuation of the Valley’s suburban growth.By all accounts, that vision has now expanded.Arguably the most notable swath of undeveloped land in that part of town is Biscuit Flats, which spans about 12,000 acres from Carefree Highway down to the Central Arizona Project canal west of Interstate 17. That’s close in size geographically to the densely populated 14,500-acre island of Manhattan in New York.The future of Biscuit Flats was permanently altered in 2019 after one of the world’s most prominent companies, Taiwan Semiconductor Manufacturing Co., started eyeing 1,000 acres in Phoenix for a manufacturing complex that will eventually support thousands of jobs.The city partnered with the Arizona State Land Department to set up a 3,500-acre tract of raw desert state land in Biscuit Flats for a future technology-centered employment hub now called the Sonoran Oasis Science and Technology Park. The site is going to be modeled similar to the Hsinchu Science Park in Taiwan, which encompasses 500 tech companies, academic institutions and 150,000 jobs.”When we worked with TSMC, one of the things they really enjoy in Taiwan is their facilities don’t just stand out by themselves, their facilities are located in the middle of science and tech parks,” said Christine Mackay, director of Phoenix’s community and economic development department. “That was something the city committed to as we were working to bring them to Phoenix.”expandPhoenix community and economic development director, Christine Mackay.Jim Poulin | Phoenix Business JournalThe state owns and manages millions of acres across Arizona; and it often works with cities to identify future areas …
See the full article on Arizona residential development, or, read more Arizona real estate investing news. Feel free to share our site with your investor friends.