For Business Site Selectors
FIRST PHASE AVAILABLE NOW
Teravalis, 37,000-acre entitled mixed-use and master planned in metropolitan Phoenix and at buildout is expected to be the largest community in Arizona.
More than 300 acres for 7 million square feet of commercial and industrial uses inside a West Valley master plan approved for 62 million, with the flexibility to plan and shape it around your requirements.
More than $200M invested already in infrastructure and first phase onsite development: arterial roads, power substation, cell towers and fiber, on-site water campus and wastewater treatment plant. Seven builders selling homes today and a 22-acre amenity complex opening 1Q2027.
Interested? Contact us today.
What is planned
The numbers behind a fully entitled master plan
Download the fact sheet.
Arizona is Open for Business
- Lowest income tax in the nation (2.5% flat), no franchise, estate or gross receipts tax.
- Foreign Trade Zone opportunity, tax and R&D credit availability.
- Arizona State University – the largest Engineering school in the nation (32,000 students, 7,000 graduates a year), and West Valley campus with Engineering and workforce development program specializations.
- Phoenix is the 4th largest growing metro region in the nation, growing at 2x the national rate.
- Mayo Clinic and ASU’s Discovery Oasis biomedical corridor – a $1.9B expansion alongside ASU’s 150,000 square foot Health Futures Center anchoring Arizona’s bioscience industry.
The Semiconductor Ecosystem is Already in Greater Phoenix. $340 Billion of It.
Phoenix is home to the largest semiconductor build-out in the United States. The supply chain, trades and contractors are here now, living and working.
- TSMC – approximately $265 billion. Six logic fabs, two advanced packaging facilities, an R&D center.
- Intel – approximately $66 billion. Two new Chandler fabs plus modernization of existing capacity.
- Amkor – approximately $12 billion. The country’s largest outsourced assembly and test facility, in Peoria.
- LG Energy Solution – approximately $5.5 billion. Battery manufacturing complex, Queen Creek.
- 25+ Taiwanese suppliers established U.S. operations following TSMC; Korean materials suppliers followed LG Energy Solution.
- Specialty chemicals, cleanroom construction and fit-out, precision tool installation and calibration, abatement systems and heavy rigging — staffed and operating in Phoenix today.
A SITE + POWER + A CITY
Land. Power. A City.
Most Sites Stop at the First Two.
Acreage, zoning , access
Housing already under construction for your workforce
Recreation already open, and schools and retail, operating within minutes today, with multiple sites planned inside Teravalis
Public company with permanent capital and long-term investment horizon
Who is Howard Hughes Communities?
Howard Hughes Holdings represents the evolution of the modern holding company — a next-generation enterprise that integrates operational excellence with disciplined investment strategy and forward-thinking vision.
Built upon the foundation of our collection of the country’s premier master planned communities, our portfolio is strengthened through the strategic acquisition of subsidiaries that align with our long-term growth objectives.
The Woodlands, TX
#3 Best Cities to Live in America 2026
—Niche
Bridgeland, TX
Master Planned Community of the Year
—National Association Home Builders
Summerlin, NV
#10 Best-Selling MPC in the U.S.
—RCLCO Top-Selling MPCs 2025
Ward Village, HI
Best Planned Community in the U.S.
—Architectural Digest
How we transact
Land sale · Joint venture · Build-to-suit · Ground lease
Phased option with rights over adjacent acreage. Ninety days from first site visit to a term sheet: walk the land and meet the City of Buckeye (days 1–14), utility and water confirmation (15–45), incentive modeling with GPEC and the Arizona Commerce Authority (30–60), term sheet (60–90).
• Public company with permanent capital and long-term investment horizon
• Self-sustaining capital cycle where recurring NOI and land sales fund new development
• Ability to partner on large-scale infrastructure and vertical development
• Structured to execute projects measured in decades, not years
The Capital Behind the Commitment.
Pershing Square Capital Management holds a 46.9% stake in Howard Hughes Holdings, and recently committed a further $900 million to the company building Teravalis. Its founder, Bill Ackman, serves as Executive Chairman of the Board.
Bring your site requirements.
We’ll bring the land today, and the room to grow tomorrow. Send us your requirements and we will propose site options, a schedule, and show you room to grow.
Kate Kaminski
T 602.838.7224 | M 480.625.5091
[email protected]
teravalis.com