Key Points:
- Massive Land Deal: Arizona Land Consulting bought 2,000 acres for $51 million near Teravalis in unincorporated Maricopa County.
- High-Powered Plans: The “Hassayampa Ranch” project will house over 1 gigawatt of power and potentially attract $25 billion in tech infrastructure investment.
- Big-Name Backers: Notable tech investor Chamath Palihapitiya is among the investors.
- Strategic Location: Near the Howard Hughes Teravalis master-planned community and Bill Gates’ Belmont project.
- Rezoning Underway: The land is currently unincorporated and will need rezoning approval from the Maricopa County Board of Supervisors.
- Contrast to Phoenix: While cities like Phoenix are cracking down on data center development, the West Valley remains a friendly zone for these massive projects.
- Why It Matters to Investors:
- Land Appreciation: Tech infrastructure draws development, increasing land and residential values.
- Job Growth = Tenant Demand: $25B in investment could lead to thousands of jobs over time.
- Low Residential Pushback: Sparse nearby housing means fewer NIMBY hurdles.
Investor Insight: West Valley is becoming a tech and logistics hotbed. Landlords in Buckeye, Goodyear, and Avondale should watch for ripple effects—new renters, demand for housing, and increased property values.