Would you live in Bill Gates’ new city?

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

Miami /
Nov.November 18, 2017 01:00 PM

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

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


Related Articles

arrow_forward_ios
Greg Norman with the Jupiter Island home (Getty, The Jills Zeder Group/photography by Shawn Hood Media) 
Retired pro golfer Greg Norman lists South Florida compound for $60M
Retired pro golfer Greg Norman lists South Florida compound for $60M
Oribe Canales (right) and Chris Paciello with the North Bay Road home (Getty)
Oribe’s estate sells Miami Beach home to nightlife mogul
Oribe’s estate sells Miami Beach home to nightlife mogul
Shaggy and her Cocoplum home (Getty, Douglas Elliman)
It was him: Shaggy buys Cocoplum home
It was him: Shaggy buys Cocoplum home
Jared Kushner and Ivanka Trump with Arte Surfside (Getty, Arte)
Ivanka Trump, Jared Kushner to rent luxury condo in Miami’s Surfside
Ivanka Trump, Jared Kushner to rent luxury condo in Miami’s Surfside
Chris Bosh and his North Bay Road home, 6396 North Bay Road (Getty, One Sotheby’s International Realty)
Chris Bosh sells waterfront Miami Beach mansion for $15M
Chris Bosh sells waterfront Miami Beach mansion for $15M
Phil Collins is in contract to sell his waterfront Miami Beach mansion amid a legal battle with his ex-wife, Orianne Bates. (Getty, Coldwell Banker Realty)
Phil Collins finds buyer for waterfront Miami Beach estate listed for $40M
Phil Collins finds buyer for waterfront Miami Beach estate listed for $40M
Serena Williams with 7703 Bold Lad Road and 6431 River Pointe Way (Getty, Google Maps)
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Alex Rodriguez with Stuart Zook (Getty, Miami-Dade County Circuit Courts)
A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee
A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee
arrow_forward_ios

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

Loading...