A new apartment community near the upcoming TSMC will open in late 2025.

Real estate company Thompson Thrift announced Monday the development of Refinery at Pointe17, a 224-unit Class A multifamily community near the $40+ billion Taiwan Semiconductor Plant in northern Phoenix. Construction is set to begin this month.

“We had a distinct vision for this unique property and are pleased to have the opportunity to collaborate with Thompson Thrift’s residential, commercial and construction teams on this mixed-use development,” Josh Purvis, Thompson Thrift Residential managing partner, shared in a press release.

Refinery at Pointe17 will be located just off Interstate 17 at the southwest corner of Dove Valley and the newly approved 29th Avenue intersection.

The nearby I-17 interchange will serve as the main entrance to TSMC, the first phase of which is currently under construction. At full build out, the semiconductor plant is projected to add an additional 80,000 jobs by companies interested in working alongside TSMC.

(Renderings provided by Thompson Thrift)