Modus buys Casa Grande land for more BTR units - Phoenix Business Journal

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Yet another developer is expanding the build-to-rent footprint for single-family homes in the Valley. phoenix

Phoenix-based Modus Cos. — known for building communities that focus on saving energy to curb greenhouse gas emissions — just closed on 39 acres in Casa Grande, with plans to build 470 build-to-rent homes.

The project will be built in two phases, featuring resort-iike amenities in the community, including clubhouse, fitness center, pool, hot tub, pickleball courts, and a dog park. While build-to-rent communities are known for detached single-family homes with their own backyards, these backyards will be even bigger than the typical BTR backyard, Gorman said. They will be at least 15 feet deep.Plans call for breaking ground by the end of the year, which is when he plans to break ground on 270 apartment units during the first quarter and 200 BTR units during the second or third quarter at I-10 and Watson Road in Buckeye.

 

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