- Major Land Purchase: Taylor Morrison has acquired a 156-acre parcel in North Phoenix for $32.2 million, planning to develop over 1,000 homes near the significant $165 billion Taiwan Semiconductor Manufacturing Co. plant.
- Strategic Location and Investment: The purchase aligns with the burgeoning demand in the area, fueled by nearby developments including Halo Vista’s $7 billion science and technology park and Amkor Technology Inc.’s operations within Vistancia master-planned community.
- Community Details: The new development, named Verdin, is set to open for home sales this summer, aiming to enrich the community with 1,225 new homes. This follows a previous acquisition of the first 193 acres of the North Phoenix property in October 2023.
- Growth and Opportunities: This move by Taylor Morrison is a response to the explosive growth in North Phoenix. As one of the nation’s largest homebuilders, their continued investment signifies a strong belief in the long-term viability and demand in the region.
This acquisition not only capitalizes on the proximity to major tech developments but also underscores Taylor Morrison’s strategic positioning for future growth, leveraging the rising demand in North Phoenix’s real estate market.