All eyes are on Arizona following Taiwan Semiconductor Manufacturing Co.’s groundbreaking multibillion-dollar announcement on Monday.The semiconductor manufacturer unveiled plans on March 3 to build three additional fabs, two advanced packaging centers and a research and development facility for a total investment of $165 billion in Phoenix — the largest foreign direct investment in Arizona’s history.The additional investment from TSMC will have significant ripple effects on economic development in the Phoenix metro, including a handful of major projects that were already in the works to support TSMC’s initial $65 billion investment.Tech behemoth Apple also recently said it will significantly expand its investment in semiconductor manufacturing including its multibillion-dollar commitment to produce advanced silicon chips at TSMC in Phoenix.As TSMC is built out, the city of Phoenix expects the larger 12,000-acre area around the chip factory campus known as Biscuit Flats to transform into a new corridor for the city with room to grow even farther north.These mega real estate developments are expected to benefit from TSMC’s latest announcement and proposed investment in the Grand Canyon State:Halo Vista’s 2,300-acre projectTo secure TSMC’s investment in Arizona, state leaders committed to building a large-scale science and technology park to support the tech company’s operations, similar to what TSMC has established at its headquarters in Taiwan.expandMack Real Estate Group and McCourt Partners have formally branded their new mixed-use district surrounding the Taiwan Semiconductor Manufacturing Co. campus as Halo Vista.Mack Real Estate GroupMajor developers Mack Real Estate Group and McCourt Partners have paired up to take on building out the $7 billion mixed-use center around TSMC called Halo Vista. They’ve envisioned the development as a “city within a city” that will feature major districts across a mix of uses including manufacturing, research and innovation, ed …
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