Would you live in Bill Gates’ new city?

Just outside Phoenix, Gates is building a smart city from scratch

New York Weekend Edition /
Nov.November 18, 2017 09:00 AM

(Credit: front, Ken Shipp/DOE Photo; back, Wing-Chi Poon)

Bill Gates’ real estate investment group, Belmont Partners, shelled out $80 million for 25,000 acres of land to construct a city with technology built into its foundations.

The site is located about 45 minutes outside of Phoenix and is being called Belmont for now, according to The Architect’s Newspaper.

“Belmont will create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology,” a company representative told the Newspaper. Those technologies range from high-speed networks to driverless cars and new manufacturing and distribution systems.

Though no construction plans or timeline for the development are publicly known, the firm’s land-use plans were partly revealed: 80,000 residences are slated to be built on the majority of the land with almost 4,000 acres devoted to commercial developments while about 500 acres are set aside for schools.

[The Architect’s Newspaper] — E.K. Hudson


Related Articles

arrow_forward_ios
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
Hudson’s Bay Company CEO Richard Baker and 609 North Avenue W in Westfield, NJ (Cornell, Google Maps)
Shuttered Lord & Taylor targeted for Union County redevelopment
Shuttered Lord & Taylor targeted for Union County redevelopment
Golub’s Michael Newman and Azur Cos' Joseph McMillan Jr (Golub & Company’s, Studio Scrivo, SCB)
New York developer pivots Chicago tower project
New York developer pivots Chicago tower project
Yonkers mayor Mike Spano with 354 and 358 Nepperhan Avenue (Google Maps, Yonkers NY, Getty)
Yonkers greenlights $182M in residential, commercial projects
Yonkers greenlights $182M in residential, commercial projects
Justice Debra James and Elizabeth Street Garden (NYCourts, Elizabeth Street Garden, Getty)
Judge’s two years of silence paralyzes Little Italy project
Judge’s two years of silence paralyzes Little Italy project
160 NYS Route 25 in Greenport, LI (Google Maps, Getty)
Yellow light for Greenport project
Yellow light for Greenport project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...