The Empire Group of Companies recently closed on a 40-acre parcel in North Phoenix near the site of the $12 billion Taiwan Semiconductor Manufacturing Co. (TSMC) facility that is projected to open in 2024.
The Scottsdale-based developer purchased the land for $14.37 million with plans to build a community of 354 single-family build-to-rent homes. The community, Village at Bronco Trail, is scheduled to break ground and start construction by late 2022.
“This is an ideal site, located directly across the I-17 near TSMC where they are projected to generate more than 3,000 jobs over the next two years,” says Richard Felker, founding partner of The Empire Group. “This community will help provide much-needed housing for employees at the TSMC plant and others moving to this rapidly growing area.”
Village at Bronco Trail will offer a mix of one-, two-, and three-bedroom units for lease in a gated community that includes a mix of lifestyle amenities. Each home includes private landscaped backyards with doggy door access, a smart technology home package, open floor plans with spacious living areas, and closets with ample storage.
Residents will enjoy community walking paths; a clubhouse that includes a lounge, a kitchen, and a fitness center; a resort-style pool and a hot tub; barbecue and fire pit areas, a community dog park and dog wash station, and a mix of garage parking.
Brett Rinehart, Ryan Semro, and Ben Heglie of Land Advisors Organization represented The Empire Group in the purchase of the 40-acre parcel.