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Builder buys up land near new Phoenix semiconductor factory

Available land is continually being snatched up near the site of the Taiwan Semiconductor Manufacturing Co.­in an area that looks to take on an economic spark for north Phoenix.

Earlier this month, Mattamy Homes announced it bought a 79-acre parcel of “important land” for $6.65 million — which will bring 178 new homes to the area.

According to a press release, the new development, called Tierra Vistoso, will be on the northwest corner of Cotton and Dale lanes in Surprise — a short distance from the new TSMC fab.

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