Since 2004, Arizona has seen the development of one of its most ambitious master-planned communities – Vistancia. Construction on FIVE NORTH, the final community in this 7,100-acre project is expected to begin in early 2024. This phase will include a main street restaurant/retail corridor with hospitality and office spaces as well as healthcare and education facilities. Additionally, 1,500 luxury mid-to high-density residential units are planned for construction along with an extension of Vistancia’s signature Discovery Trail providing a linear park connection throughout the property.
Located just 10 minutes away from North Phoenix’s Taiwan Semiconductor Manufacturing Co (TSMC), this area is ideal for workforce development due to its proximity to 462 500 workers within 30 minutes’ drive time radius. California based IHP Capital Partners and Minneapolis based Värde Partners own Vistancia through their joint venture partnership .
