Phoenix developer Vestar eyes two state land parcels for mixed-use projects near TSMC

  • 3/11/2026

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Phoenix Business Journal

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Highlights
Vestar expected to bid on two Arizona state-owned desert properties totaling 345.6 acres
Developer plans mixed-use projects including hotels, retail, and fitness centers
Both winning bidders must fund half the costs of a new Skunk Creek Wash bridge

Vestar
Jeff Axtell | EVP, Development

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