By Paul Maryniak | Ahwatukee Foothills News
Intel’s stunning announcement of plans to invest $20 billion for construction of two fabrication facilities at its south Chandler campus over the next three years likely will have major implications for Ahwatukee’s already tight housing market.
And it stands to generate even more interest among developers in the May 26 State Land Department’s auction of 373 acres next to Club West as they eye an influx of thousands of new employees that Intel’s plan will bring in and around its Ocotillo facility.
State Land Department Commissioner Lisa A. Atkins declined comment on the Intel plan’s possible impact on bidding for that land along Chandler Boulevard between 19th and 27th avenues, which can accommodate at least 1,050 homes. The opening bid is $105 million for that parcel, most of which is already zoned for single-family residents.