An artist’s rendering shows the office building of Taiwain Semioconductor Manufacturing Co. under construction in north Phoenix. Photo via Taiwan Semiconductor Manufacturing Co.
(Disclosure: Rose Law Group represents Empire Group.)
By Corina Vanek | Arizona Republic
North Phoenix is expected to see an explosion of development on the heels of the construction of the Taiwan Semiconductor Manufacturing Co. plant near Interstate 17 and Loop 303, with one developer preparing to build nearly 600 rental homes in two developments in the area.
Scottsdale-based Empire Group bought two parcels of land in Phoenix, one 40-acre piece at North Valley Parkway and Bronco Butte Trail and one 21-acre parcel at North Valley Parkway and Sonoran Desert Drive for $14.4 million and $9.1 million, respectively, according to real estate database Vizzda.
Both of Empire’s sites will be developed into single-family rentals, which look like one-story houses but rent like apartments.