Mack Real Estate Group

Recent shifts in trade policy and legislation have played a considerable role in incentivizing the return of manufacturing capabilities across the United States. In turn, onshoring is having a positive impact on demand for commercial real estate in the markets where these facilities are being developed. In his recent article for Forbes Business Council, our CEO and Co-Founder Richard Mack digs into the onshoring trend, sheds light on how certain sectors are reshaping the neighborhoods and cities where their facilities are being built, and provides insight into new opportunities that could result for the commercial real estate industry. Read the full article here: https://lnkd.in/e6WJenax #CRE #RealEstate #Onshoring #TSMC

Thankful for our hardworking team, our project partners, our investors and our new tenants at Bloom at Deer Valley. This brand-new single family rental (SFR) project is comprised of 297 units in a rapidly-growing submarket of Phoenix.   As a vertically integrated, institutional real estate developer, operator, investor and lender, Mack Real Estate Group is excited to deliver another project in the Phoenix market. For more information, visit https://lnkd.in/dzMydPpW.

Our CEO, Richard Mack, facilitated a discussion with Eric Lang, Senior Managing Director of Private Markets at Teacher Retirement System of Texas, at The Wharton School’s Zell/Lurie Real Estate Center recently. The fireside chat focused on commercial real estate’s performance in the current cycle and capital allocation strategies for institutional investors looking ahead to 2025. See a snapshot from their conversation below. #CRENews #RealEstate #UPenn #Wharton

Mack Real Estate Group proudly participated in NYU Schack Institute of Real Estate’s National Symposium of Women in Real Estate in October in New York City. Priyanka Garg, our Head of Credit Strategies, joined fellow industry leaders on a finance-focused panel. Panelists shared insights on changing capital sources in today’s market, risk management strategies, and what they are most looking forward to in 2025. #CRENews #NYUSchack #WomenInRealEstate #RealEstate

Mack Real Estate Group and McCourt Partners have announced the name of their 2,300+ acre mixed-use, master-planned development in Phoenix’s North Valley: Halo Vista. Located immediately adjacent to TSMC’s $65 billion semiconductor fabrication campus, Halo Vista is positioned to become a hub for science and innovation, driving economic growth and attracting world-class talent to the region. The announcement was made with an evening event at The Global Ambassador Hotel, bringing together the Phoenix real estate community alongside elected officials and local agency heads including Mayor of Phoenix Kate Gallego, Community and Economic Development Director Christine Mackay, and Phoenix City Councilwoman Ann O’Brien. Richard Mack, our CEO, and Jordan Lang, President of McCourt Partners, officially unveiled the Halo Vista name and previewed a preliminary land plan. “The naming of Halo Vista is an aspirational view towards creating the ecosystem, infrastructure and community to surround TSMC with symbiotic companies and people that will help each other to thrive in the dynamic Phoenix market,” said Richard Mack. #HaloVista #CRENews #RealEstate

We recently hosted 20 students and faculty from UNC Kenan-Flagler’s Leonard W. Wood Center for Real Estate Studies for a tour of the Holston, our 20-story high rise across from Dix Park in Raleigh. Holston will be the first building to deliver at the Weld, our $700 million multi-phase mixed-use project in partnership with SLI Capital, scheduled for Summer 2025.

As more companies commit to building new factories in the U.S., particularly across the Sunbelt and Rust Belt, we see increased opportunities to develop nearby housing, warehouses, hotels and offices in anticipation of growing employment in a particular market. Our planned development of nearly 2,500 acres of land adjacent to the TSMC site in Phoenix, AZ is one such example.   Richard Mack, our CEO and Co-Founder, spoke with the The Wall Street Journal about the onshoring trend, our plans for the Phoenix development site, and his vision for “a city of the future.” Read the full article at the link below.   https://lnkd.in/eMJdWf3h

Yesterday Mack Real Estate Group and SLI Capital, along with Clancy and Theys Construction Company, celebrated topping The Holston, the first of two buildings included in Phase 1 of The Weld. The Holston, which stands 223 feet tall, includes 283 living units, an elevated pool deck and fitness center and a 20th floor Sky Lounge and co-working space. Phase 1 of The Weld will begin occupancy Summer 2025. The second building, Ray, topping out this fall, will round out the first phase of the $700 million project. After completion, the two 20-story buildings will offer 675 units of one, two-and three-bedrooms sitting on 3.5 acres at the intersection of Lake Wheeler Road and Hammell Drive, near Dix Park. Design of Phase 2 of The Weld continues, as does the City of Raleigh’s permitting process, with plans to incorporate an additional 525 residential units and 20,000 SF of retail. The Weld will provide a modern urban lifestyle, offering expansive park views along with restaurant and retail spaces surrounding a central plaza that will serve as a community gathering place. Situated between the verdant Dix Park and Raleigh’s thriving urban center, The Weld will connect the City’s past and the future. The location offers ready access to the park, in addition to the green spaces and common areas within The Weld property itself. The surrounding area was historically industrial in nature and has transformed into a vibrant mix of local, entrepreneurial businesses that create a unique, authentic appeal to residents. “Topping out of The Holston comes at a perfect time.” said Bryan Kane, CEO and Managing Partner at SLI Capital. “Not only does it keep us on track with our original timeline, but it also marks a milestone in new living alternatives around Dix Park.”

Exciting news to share! MREG prevailed at an auction to acquire and develop nearly 2,500 acres surrounding the TSMC semiconductor fabrication campus in Phoenix, AZ.  We’re proud to partner with the Arizona State Land Department and McCourt Partners on this transformative project. Read more about our development plans for the site in our press release below: https://lnkd.in/dexSwbkA

Members of the Mack team convened earlier this month for a site visit at Bloom at Deer Valley, MREG’s newest multifamily development. The team surveyed units and met with the subcontractors as we prepare to transition the project to operations.   Comprising 297 single family rental (SFR) units, Bloom at Deer Valley is located in a fast-growing submarket and is slated to open this summer.    As a vertically integrated, institutional real estate owner, operator, developer, and lender, Mack Real Estate Group is delighted to deliver another high-quality project in the Phoenix market. For more information, visit https://lnkd.in/dzMydPpW.