Phoenixmart, an under-construction 585-acre (236 ha) master planned development featuring showrooms, office space, warehouses, condominiums, a five-star resort and spa, and single family homes, is another one of these massive projects expected to boost the local economy. The Phoenixmart site is located approximately 10 miles (16 km) northeast of Arizona City and the first phase is expected to open in 2018. Lucid Motors, a Silicon Valley electric car company startup, has confirmed that it will build a $700 million electric car manufacturing plant in the nearby city of Casa Grande that will employ 2,000 workers by 2022.