The $7 billion Halo Vista development in Phoenix has gained global attention, with inquiries coming as far as France. Scheduled to break ground in 2025, the 2,300-acre project will feature an auto mall, retail, office, and industrial spaces in its first phase, eventually expanding to nearly 30 million square feet and creating 70,000 jobs. Key districts include the Forge, a 12-million-square-foot advanced manufacturing hub, and the Sonoran Oasis Research and Technology Park with 3.5 million square feet for flexible tech and office use. Plans also include 500,000 square feet of destination retail, residential areas, and spaces for medical and educational purposes. The project, anchored by the $65 billion Taiwan Semiconductor Manufacturing Co., is expected to shape Phoenix into a major hub for industry and innovation over the next 25 years. Developers are working closely with city departments on infrastructure and planning agreements, with updates expected in December.
Menu
More Information
Frequently asked questions
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
Helpful blog posts
Menu
480.947.0600
