MODUS Companies will build 470 build-to-rent homes on 39 acres in Casa Grande

MODUS Companies will build 470 build-to-rent homes on 39 acres in Casa Grande

Article Originally Posted by AZBigMedia on August 30, 2022

One of the country’s leading developers of Net Zero communities, MODUS Companies, has just closed on 39 acres in Casa Grande, Arizona. While the city currently only has a population of 57,000+ residents, it is quickly becoming one of the fastest growing cities in the United States, thanks to companies like Nikola, LUCID and KOHLER coming to the area and bringing 6,400+ job opportunities along with them.

With this surge in growth, Founder of MODUS Companies Ed Gorman saw an opportunity to bring their Net Zero energy solutions to the area to not only help with sustainability but also affordability in the way of lower utility bills for residents.

“We were drawn to Casa Grande by the dynamic story of the market,” said Josh Holmes, the Executive VP of Acquisitions for MODUS Companies. “With EV manufacturers Nikola and LUCID creating around 6,000 jobs in the market and KOHLER another 400+ jobs, the tremendous population growth and a lack of supply for housing creates an exciting opportunity for us to provide our brand of quality, sustainable living in these markets.”

MODUS’ 39 acres is located at the I-10 and Florence Boulevard, adjacent to the Promenade Shopping Center (which features 1 million square feet of retail). The 470 unit planned for the site will feature all aspects of MODUS’ Net Zero Energy build outs, which include Zero Energy Star® certification for maximum energy efficiency, rooftop mounted solar panels, mini-split heating and cooling systems with a 20 SEER heat pump, energy recovery ventilators, hybrid hot water and other environmentally friendly features – all of which lower utility bills for residents 60-70% more than traditional building methods.

With over 1,200 units being built by MODUS throughout the state in the coming year, and the increased need for sustainability and affordability throughout the nation, Founder Ed Gorman is also developing his Build-to-Rent Net Zero platform on the national level.

“While we continue to be bullish on the Phoenix Metropolitan area as a whole, we are always looking for sites similar to Casa Grande and the 30 acres we just closed in Buckeye, where we plan to develop 450 Build-to-Rent Units,” said Holmes. “Not only because they are well located, but they are also strong markets for both population and job growth.”