Taiwan Semiconductor Manufacturing Co. signed on as a partner for a rezoning effort to set up state trust land directly south of its plant to build a massive mixed-use master planned community.
Pulte Group has been eyeing the site, and last year submitted plans with the city of Phoenix for a Planned Unit Development, or PUD, to rezone the undeveloped state trust land and create the NorthPark development. TSMC signed on as a partner this summer in the rezoning efforts.
Developers envision creating a community with commercial, employment and residential uses, along with significant open space and preserve land across more than 6,000 acres.