JLB Proposing N. Phoenix Mixed-Use Development
Piggybacking on the deluge of proposals hoping to capitalize on the $65 billion Taiwan Semiconductor Manufacturing plant, Dallas-based JLB Partners is considering a mixed-use development along Loop 101 in North Phoenix.
The Phoenix Business Journal reports the company recently submitted a zoning application for the 50-acre property, located at the northeast corner of Mayo Boulevard and 64th Street, to the city of Phoenix for a planned unit development.
Conceptual plans call for multiple phases, including a combination of 1,300 residential units, 300 hotel rooms, 40,000 square feet of retail, 20,000 square feet of dining or 250,000 square feet of office space across the highly visible site.
Mack Real Estate Group and McCourt Partners are teaming up to develop a $7 billion master-planned center with 30 million square feet of commercial space anchored by the Taiwan Semiconductor Manufacturing Co. project.
Nearby, construction is also underway for a new office headquarters campus for environmental services company Republic Services Inc. at the CityNorth project adjacent to Desert Ridge Marketplace.
