By Mack Real Estate Group and McCourt Partners
Mack Real Estate Group and McCourt Partners have announced the name of their 2,300-plus-acre mixed-use, master-planned development in Phoenix’s North Valley: Halo Vista.
Located immediately adjacent to Taiwan Semiconductor Manufacturing Corporation’s $65B semiconductor fabrication campus, Halo Vista is positioned to become a hub for science and innovation, driving economic growth and attracting world-class talent to the region.
“Halo Vista captures our vision for the cutting-edge environment to be built around the tremendous economic driver that is TSMC,” said Richard Mack, CEO of MREG. “We believe that our thoughtful and compelling mix of research, engineering, industrial, residential, commercial, retail and recreational properties will create a development with lasting local, national, and global significance. The naming of Halo Vista is an aspirational view toward creating the ecosystem, infrastructure and community to surround TSMC with symbiotic companies and people that will help each other to thrive in the dynamic Phoenix market.”
The announcement was made with an evening event at The Global Ambassador Hotel, bringing together the Phoenix real estate community alongside elected officials and local agency heads, including Mayor of Phoenix Kate Gallego, Community and Economic Development Director Christine Mackay and Phoenix City Councilwoman Ann O’Brien. Mack and Jordan Lang, president of McCourt Partners, officially unveiled the Halo Vista name and previewed a preliminary land plan.
In May 2024, The Arizona State Land Department awarded the development rights for what is now Halo Vista to an affiliate of MREG, and McCourt was announced as MREG’s partner in the development. Under an agreement with ASLD, the developers will control land sales within the site, oversee infrastructure improvements, and have the right to vertically develop a large portion of Halo Vista across multiple uses.
AZBEX Note: Local news outlets report Halo Vista will include two hubs. The first is a manufacturing district called The Forge. The second hub focuses on engineering, research and development and is called the Sonoran Oasis Research and Technology Park.
