In Phoenix’s West Valley, The Howard Hughes Corp. has broken ground on a 37,000-acre mixed-use master-planned community, Teravalis. Projected to include 100,000 homes and 55 million square feet of commercial development, the community previously known as Douglas Ranch will address the housing demand in the rapidly growing metro area.
"The name ‘Teravalis’ means 'land of the valley,' and this new community, situated between the White Tank and Belmont Mountain ranges, is firmly grounded in deep respect for its Sonoran Desert setting," says Heath Melton, president of the Phoenix region for The Howard Hughes Corp. "Teravalis is designed as an authentic extension of the Phoenix West Valley's natural landscape—a place of extraordinary beauty."
Strategically positioned in the pathway of Phoenix’s growth in the West Valley, the community will emphasize open public space and enhance its natural environment. The area has experienced 80% population growth in the last 10 years, which includes 100,000 tech workers and almost 30,000 students graduating from the state’s universities each year.
"Teravalis is an eco-friendly, sustainable community that sets the bar high for other cities to model," says Buckeye mayor Eric Orsborn. "This innovative, smart community is a great asset for Buckeye, the West Valley, Maricopa County, and the entire state of Arizona. Teravalis also provides our residents with more options to live, work, and raise a family, while complementing the city's goal of maintaining successful long-term growth."
Teravalis is in a prime logistics operations position for the planned construction of Interstate 11, which will connect Phoenix to Las Vegas and Southern California. Eventually creating a trade route between Canada and Mexico, the roadway is projected to create $30 billion to $60 billion of economic impact for the region.
"Since 2015, Arizona has welcomed over 584,000 new residents, and we don't expect that momentum to stop anytime soon," says Arizona Gov. Doug Ducey. "This increases the demand for housing opportunities, and Howard Hughes is answering that call with this impressive community, providing quality housing options for current and future Arizonans."