MZ Scottsdale, an award-winning, multi-family property in the heart of Scottsdale, has been sold for $9.2 million. The sale established a new record for the highest price per apartment in Metropolitan Phoenix. The record setting price was $836,363 per unit, which amounts to $533 per square foot.
MZ Scottsdale, an award-winning, multi-family property in the heart of Scottsdale, has been sold for $9.2 million. The sale established a new record for the highest price per apartment in Metropolitan Phoenix. The record setting price was $836,363 per unit, which amounts to $533 per square foot.
Now accepting reservations, and featuring high-tech safety protocols, ARRIVE Phoenix invites visitors and locals alike to explore its gorgeous open-air design and gracious home-grown hospitality when Uptown Phoenix’s first-ever neighborhood hotel opens this September.
Voted Best Multifamily Contractors in Phoenix by General Contractor Magazine Staff
Voted Best Multifamily Contractors in Phoenix by General Contractor Magazine Staff
Aerial shots show the magnitude of the Circle Lofts project in Scottsdale.
Ameris-Multi Family featured in Multi-Family Executive Magazine .
Project MZ, which stands for Modus Zero. Modus Development and Icon Properties’ MZ, an eight-unit condominium complex, should be completed in early summer at 7301 E. Minnezona Ave. It is touted as a zero-net-energy residential project.
Zero net energy means the complex is being built so residents won’t have any energy costs.
The Equinox development in Scottsdale is the first zero net energy apartments in Arizona.
Modus and the Viridis Group are looking to take the zero-energy development concept to California, Texas, Colorado and other states as sustainability and renewable energy take root in public polices and consumer tastes.
New apartments and even a few condominiums have continued to sprout up in Metro Phoenix during the post-recession real estate market.
There seems to be no end in sight for the multifamily wave, according to a number of local general manager and top executives and commercial building companies.