MZ Zero-Net-Energy Townhomes Under Construction
MZ is a new zero-net-energy townhome complex. Project MZ stands for Modus Zero.
Modus Development and Icon Properties’ MZ, an eight-unit condominium complex, should be completed in summer 2016, 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 companies are investing about $2.5 million in MZ.
“We’re one of only two for-sale projects in Scottsdale; everything else is apartments,” said Ed Gorman, president of Modus Development. “There’s huge pent-up demand for for-sale projects. And the only other zero-net-energy that I’m aware of in the Valley, is one single-family home in Phoenix.”
This summer, the companies plan to break ground on a 41-unit residential complex at Thomas and Hayden Roads. The companies plan to invest about $10 million in that project.