Peoria News

Here at Williams Luxury Homes we keep you in the loop on the Arizona real estate market. Today, let's zoom in on Peoria. With TSMC and fresh tech hubs rising near North Scottsdale, Peoria’s next moves matter. We dug into the city’s plan for what’s coming and why you’ll want to know about it.

Peoria’s Master Plan Vision

Peoria just signaled a bold next act. The city is set to bid on 834.5 acres near Loop 303, stretching from Lake Pleasant Parkway to SR 74. The auction is slated for August 27, 2025, with a minimum bid around $46.7 million.

• This is part of a larger ambition named the Peoria Innovation Core

• The city’s eyeing up to 6,700 acres for a tech-driven campus

• Peoria plans to drop about $140 million on backbone infrastructure including roads, utilities, and arterial systems

It’s a big-picture play. Peoria wants to sell shovel-ready parcels to tech, manufacturing, and semiconductor players, maximizing returns while hedging development risk.

Also Read: Homebuilders Snap Up 300 Acres In Peoria For New Communities

Why It’s Timing Out Perfectly

North Scottsdale and Peoria aren’t just neighbors, they’re connected by big moves

• TSMC’s Phoenix campus is expanding fast

• The $7 billion Halo Vista build-out is booming to the east

• A $3.2 billion BNSF rail hub is planned to the west

Peoria wants in on the ripple effects. Their goal is to attract more semiconductor and advanced manufacturing firms into the northern edge of The Valley.

Also Read: Big Builders Snag First Lots At Saddleback Community In Peoria

Funding The Build

Peoria structured an agreement with the Arizona State Land Department last December. Here’s how it breaks down

• Auction winners must reimburse Peoria for 50% of hard infrastructure costs when paying for land

• The rest, plus interest, is due when final permits are issued

• Total reimbursements could rise to $500 million over 15 to 20 years

• Auction revenue may exceed $1 billion, returning to the state’s trust fund

It’s strategic. The city absorbs early costs but gets it back over time, lining progress with demand and reducing risk.

What This Means For You

Jumping in now? Here’s what matters

• A branded Innovation Core could boost surrounding values

• Infrastructure is already rolling, with pedestrian-friendly roads and utilities

• With TSMC’s megaprojects close by, more tech jobs are headed this way

Peoria is shifting fast into a future-forward hub. Between its land push and rising industry demand, the north end of The Valley is heating up. Whether you're investing, buying, or watching the market, this one’s worth your attention.