MODUS Development to Unveil Three New Projects in 2017
The leading housing developer in eco-friendly living, responsible for bringing the first net zero energy multi-family housing to the U.S., MODUS Development, is set to unveil its next three projects for 2017: a residential townhome community in Scottsdale, an urban residential community in Tempe, and the second phase of its first nationally acclaimed Net Zero Energy (NZE) project, MZ Townhomes in Scottsdale, according to a press release.
After becoming the first to develop a net-zero energy townhome community in Arizona, and among the first in the nation, MODUS Development partnered with Viridis Group to debut a zero-energy multi-family housing complex, called Equinox Apartments, in 2016. The complex featured 1,100 solar panels, was accomplished within the same budget as a non-NZE build out and was fully leased in less than five months.
“Accomplishing net-zero energy living in multi-family housing was something many didn’t think was possible, and we figured out how to accomplish it with little to no added cost while also obtaining higher rent and sales prices,” said founder of MODUS Development Ed Gorman. “Now, having the formula, and with eco-friendly building soon becoming a requirement in some states – California, for example, will require community residences be net zero by 2020 – it is my goal to help create a more earth-friendly way to live without sacrificing style and comfort.”
In the first quarter of 2017, MODUS Development will break ground on Eclipse, a 20-unit luxury townhome residential community on 1.4 acres located on the southeast corner of McDowell and Granite Reef roads in Scottsdale. As one of the only sites available for development in the McDowell Corridor, it will become the third NZE community in the state following MODUS’s MZ Townhomes and Equinox. With an expected completion date within the third quarter, Eclipse will feature three three-story buildings with a total of 20 townhomes ranging in size from 1,811 to 2,065 square feet, each with a two-car garage, two bedrooms, two baths and a third guest bedroom option. In the shape of an eclipse, the property will also feature a circular pool surrounded by lush landscaping. Home prices will start at $399,000.
Also in the first quarter, Gorman and his team will begin construction of one of the most groundbreaking and innovative new residential projects in Tempe, called The Roosevelt. This urban community – located only two blocks from downtown Tempe and immediately west of the bustling Mill Avenue district – will feature 32 three-story residences each including over 1,800 square feet of living space with two bedrooms, two baths, large recessed windows and decks and a two-car garage.
The third project on the horizon for MODUS Development, also in Arizona, will be the second phase of MZ Townhomes in Scottsdale (located one block east of the Scottsdale and Camelback roads intersection). The new community will feature 11 townhomes within two three-story buildings ranging in size from 1,313 to 2,171 square feet with both one and two-bedroom units with one and two-car garages. Differing from the first development, the new townhomes will also feature large balconies, a private ground floor patio and a community heated pool and spa with barbecue. Construction is expected to begin mid-year with a planned completion date within the first quarter of 2018.
For more information and ongoing updates regarding MODUS Development and its upcoming projects, visit www.moduscompanies.com or connect on Facebook, Instagram, Pinterest and Twitter.
ABOUT MODUS DEVELOPMENT: The leading developer in eco-friendly living, Phoenix-based MODUS Development creates innovative buildings with award-winning environmentally friendly designs located in prime urban areas. Nationally recognized as one of the premier developers of Leadership in Energy and Environmental Design (LEED-H) and Net Zero Energy (NZE) buildings, MODUS has a number of residential projects under development in Arizona and California. For more information, visit moduscompanies.com.