PulteGroup wants to develop a 6,355-acre master-planned neighborhood with more than 19,000 homes in North Phoenix.
The Atlanta-based developer has filed plans with the City of Phoenix for a Planned Unit Development on state trust land south of the $65 billion computer chip plant by Taiwan Semiconductor Manufacturing, the Phoenix Business Journal reported.
The land will be sold at an unscheduled state land auction, in the works since 2021.
PulteGroup plans to buy the land and build a mixed-use master-planned project called NorthPark, to include 19,247 single-family homes and apartments.
The 6,355-acre site is bounded by Loop 303, Interstate 17 and the Central Arizona Project canal. PulteGroup declined to comment to the Business Journal.
The state is partnering with Phoenix and Peoria to make 17,000 acres around the semiconductor campus available for manufacturing, commercial development, an airport, master-planned communities and more.
There isn’t much available land for immediate development near TSMC, according to Jim Daniel, president of RL Brown Housing Reports. “That would be a highly desirable piece of land, there’s no doubt about that,” he told the Business Journal.
Miami-based Lennar bought the last piece of private land in that area, Daniel said.
Lennar is building 228 homes on 71 acres on the west side of Interstate 17, just north of the Central Arizona Project canal and south of the Dixileta Road alignment.
Known as Middle Vista, the development has sold 165 homes, said Michael Dowell, senior vice president of sales and marketing for Lennar’s Phoenix operations. Dowell said he expects the project to sell out by January.
Northpointe at Vistancia, a master-planned community in nearby Peoria, will include 3,200 homes upon completion.
RL Brown’s Daniel estimated it will take three or four years before the 6,355-acre state land parcel coveted by PulteGroup will see any homes.
“It has still got a long ways to be developed,” Daniel told the newspaper. “Vistancia is the big winner right now.”
— Dana Bartholomew
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