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Bill Gates Buys 25,000 Acres of Land in Phoenix Area

Bill Gates buys 25,000 acres of land to build the ‘smart city of the future’ in Arizona designed around self-driving cars and high-speed data networks

  • The city, known as Belmont, will be designed around ‘cutting-edge technology’
  • It will be built in a remote area in Tonopah, around 50 miles west of Phoenix
  • Plans call for 80,000 homes and 3,800 acres of industrial, office and retail space
  • The site will include 3,400 acres of open space and 470 acres for public schools

bill gates,tonopah,az,real estate,phoenix,buy,land sales,electric cars,smart city,neighborhood,realtor,agentBill Gates has bought $80 million worth of arid desert in Tonopah, Arizona, just outside of Downtown Phoenix, to build a new ‘smart city’.

The planned community, known as Belmont, will be designed around cutting-edge technology, including self-driving cars and high-speed data networks.

The city will be built on a 25,000-acre plot in a remote area in Tonopah, around 50 miles (80 km) west of Phoenix.

While few people currently live in the area, the plans call for as many as 80,000 homes and 3,800 acres of industrial, office and retail space.

The site will include 3,400 acres of open space and 470 acres for public schools, according to Arizona-based Belmont Partners, the real estate developer behind the project.

The firm, which forms part of a group controlled by Cascade Investment LLC, an investment firm run by Gates – said the goal is to turn the area into a ‘smart city’.

‘Belmont will create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology, designed around high-speed digital networks, data centers, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs,’ the company said in a press release.

If you’re interested in buying a home in or near any Phoenix neighborhood or even specifically in Tonopah, you should contact Laura Boyajian, Licensed Real Estate Agent at 602.400.0008.