, president of the Phoenix region for Howard Hughes Corp., unveiled the new name of the master-planned community, Teravalis.The 37,000-acre master-planned community will be developed over the next 50 years to include 300,000 residents living in 100,000 homes. It also will include 55 million square feet of commercial space, where jobs will be created.
The proposed development is 35 miles from downtown Phoenix between the White Tank Mountains and the Belmont Mountain Range. The development has a 100-year assured water certificate for the first phase, representing 3,029 acres.he's not concerned about water issues While Gov. Doug Ducey was not able to attend the groundbreaking event, he pre-recorded a video for the event.
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