From TRD New York: 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