Restaurants, retail, and apartment homes will be coming to the area near the $20 billion Taiwan Semiconductor Plant TSMC in northern Phoenix.

Real estate company Thompson Thrift has begun construction on approximately 35,000 square feet of multi-tenanted retail space near the location.

“We think the combination of location, strong demographics and high-quality construction have generated significant leasing interest and will make this a standout addition to this growing market,” Ashlee Boyd, Thompson Thrift Commercial managing partner, shared in a press release.

The retail center will use six of the 30 acres Thompson Thrift acquired last year just off Interstate 17 at the southwest corner of Dove Valley and the newly approved 29th Avenue intersection. Oregano’s, a local, family-owned restaurant; Twisted Sugar, a gourmet cookie shop; Over Easy, a breakfast and brunch restaurant; and Foothills Grille, a new restaurant concept from the operators of Pinnacle Grill, have committed to the site.

Additionally, Heartland Dental, Yoga Six, BFT fitness studio, The Bar, and a nail spa have also signed leases to open at the center.

The company is in negotiations with various retailers for the remaining shop space within the development. The company expects the first tenants to open in early summer 2024.

The company also plans to develop 224 luxury apartment homes on an approximately 8.5-acre parcel adjacent to the retail center.

The remainder of the 30-acre parcel will remain as undeveloped space that is part of Skunk Creek Wash natural preserve, which will feature pedestrian amenities and running paths from Dove Valley south to Sonoran Desert Parkway.

Thompson Thrift’s design plan features pedestrian connection to the preserve’s trail as well as complementary community amenities like volleyball courts, green space for yard games and ramadas.