Over the last decade, Arizona residents have seen a growing number of eye-popping headlines announcing massive new real estate developments that add jobs, draw in residents and attract new businesses to our state. While the biggest is the transformational $165 billion investment Taiwan Semiconductor Manufacturing Company is making in North Phoenix, here are 10 major Arizona real estate developments shaping the state’s future:
Teravalis
City: Buckeye
The project: A massive 37,000‑acre master‑planned community slated for 100,000 homes and 55 million square feet of commercial space, redefining West Valley growth.
VAI Resort
City: Glendale
The project: A $1.2 billion resort development featuring four hotels, an 11,000‑seat amphitheater, and a theme‑park complex, bringing major entertainment and hospitality to the West Valley.
The Ranch
Town: Gilbert
The project: A $1 billion mixed‑use project combining 750 multifamily units, light industrial space and commercial amenities, advancing Gilbert’s economic transformation.
Mayo Clinic expansion
City: Phoenix
The project: Mayo Clinic is making a nearly $1.9 billion investment in the continued transformation of its Phoenix campus as part of its Bold. Forward. strategy to Cure, Connect and Transform healthcare for the benefit of patients everywhere.
Amkor
City: Peoria
The project: Amkor Technology recently broke ground and expanded its planned investment for its new $7 billion state-of-the-art outsourced semiconductor advanced packaging and test campus in Peoria. Upon completion of both phases, the campus will offer over 750,000 square feet of cleanroom space and as many as 3,000 high-quality jobs.
Halo Vista
City: Phoenix
The project: A potential “city within a city” around the Taiwan Semiconductor Manufacturing Company (TSMC) hub, projected at $7 billion and 30 million square feet of development.
Rio Reimagined
Cities: Phoenix-Tempe corridor
The project: A 20‑mile longriver‑corridor revitalization initiative buying 30‑acre industrial site as phase one of a 25‑ to 40‑year transformation.
One Scottsdale
City: Scottsdale
The project: A 120‑acre mixed‑use community offering 2.86 million square feet of commercial space and 1,100 residences, anchored in Scottsdale’s “Billion Dollar Row.”
Culdesac
City: Tempe
The project: A pioneering car‑free neighborhood near Arizona State University designed for walkable, transit‑first living, targeting 1,000 residents.
CityNorth
City: Phoenix
The project: A 144‑acre future urban core near Loop 101 and SR 51 with over 5.5 million square feet of mixed‑use development including residential, office, retail and hospitality.
