May 19, 2024 7:14 pm
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Developer wants to buy thousands of acres around TSMC

(Photo courtesy of Taiwan Semiconductor Manufacturing Co.)

By Audrey Jensen | Phoenix Business Journal

A New York City developer is eyeing more than 2,300 acres surrounding the $40 billion Taiwan Semiconductor Manufacturing Co. campus in Phoenix for the buildout of a massive technology and science park reminiscent of Silicon Valley or Hsinchu Science Park in Taiwan.

Mack Real Estate Group LLC (MREG), which has a large presence in Phoenix, is expected to bid on an Arizona State Land Department auction for the massive site, which is scheduled for May 29 with a starting bid at $56.28 million, or about $24,000 an acre.

Read the full subscription story from the Phoenix Business Journal.

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