SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Real estate investment firm Caliber - The Wealth Development Company has partnered with one of the nation’s leading Net Zero Energy (NZE) developers, MODUS Development, on their second project, Eclipse, which officially broke ground and has begun development. This is Scottsdale’s newest environmentally sustainable townhome community, designed with Zero Energy Star® certification for maximum energy efficiency. The new $9.1 million, 20-unit NZE townhome project will infuse game-changing technology innovations like Apple/Google integration, incredible amenities and designer finishes for a unique residential lifestyle. Scottsdale Mayor W.J. “Jim” Lane and Maricopa County Supervisor District 2 Steve Chucri, along with partners/investors, attended the groundbreaking ceremony. Expected completion is December 2017.
"Scottsdale is very pleased to welcome Caliber's innovative and technologically advanced development project to our City," said Lane. "Eclipse will offer citizens the opportunity to live in first-class residences, while incorporating the latest in energy saving and home automation innovations being used for one of the first times in our state. The city of Scottsdale continues to capture national attention for our inventiveness, which is extending economic opportunity to all our residents, while also protecting Scottsdale's resources and historic character."
Eclipse homes will be equipped with innovative sustainability features. Base and optional packages created for the buyer’s living preferences will infuse the latest technical advances from leading product manufacturers, and elevate Eclipse residential living and energy efficiency to a one-of-a kind townhome development. Caliber will utilize the latest innovations from product manufacturers to introduce home automation in areas like virtual assistants, energy management, security, locks, cameras, smoke detectors, electrical control, lighting and outdoor sprinklers. Smartphone applications will help control these aspects while in and out of the home. Two robust Eclipse model units will serve as exploration playgrounds for homebuyers to add and customize options based on their living requirements. Home prices will start at $400,000 and adjust for view premiums, technology upgrades and size.
"Maricopa County is increasingly being recognized as a leader in the nexus of technology, wise energy use and economic growth,” said Chucri. “This latest project by Caliber Development is an outstanding example of combining state-of-the-art energy saving technology with premier housing opportunities in Scottsdale’s business corridor.”
Chris Loeffler, CEO and Co-Founder of Caliber, said, “Eclipse is meant to be an inspiration for how sustainability and home automation technology can coexist to bring an unprecedented ease and comfort of living, while preserving environmental resources. We’re excited to offer this forward-thinking community with location, design and innovation as a new way of living that truly sets itself apart from other townhome communities.”
“Location is key for NZE developments and Eclipse is ideally located on one of the only sites available for development in the flourishing McDowell Corridor,” said Founder of MODUS Development Ed Gorman. “Partnering with Caliber on this second NZE project, we’re creating a more earth-friendly and budget-friendly way to live for Arizona residents, without sacrificing style and comfort. To accomplish this at the same costs as non-NZE developments is something many didn’t think was possible.”
Appropriately named Eclipse, the gated, circular designed, green solar community is ideally located on 1.46 acres on Granite Reef Road just south of McDowell Road, providing convenient access to retail and dining options in downtown Scottsdale and the emerging McDowell high-tech corridor with SkySong, The ASU Innovation Center and easy access to the 101 and 202 freeways. The project has three 3-story buildings containing two and three-bedroom units, with two different floor plans ranging from 1,800 to 2,000 square feet with 2-car garages. The building incorporates a unique circular format used by many famous buildings, including The Guggenheim (NYC) and the David and Gladys Wright House (Phoenix).
Eclipse is Caliber’s second NZE project with MODUS, along with The Roosevelt in downtown Tempe off Mill Avenue. Additional information is available on Eclipse (www.eclipsescottsdale.com) or by calling Michael Williamson/Beth Spivey at Caliber Realty Group, 480-295-7600.
About Caliber - The Wealth Development Company
Caliber assists investors in building wealth through both equity and debt real estate based investments, either through individual assets, or through private funds. Caliber is focused upon opportunistically acquiring various types of commercial assets, with in place cash flow, and maintaining low leverage on them. Through its proven renovation and management expertise, Caliber is able to increase revenue, maximize tax benefits, all the while protecting investor capital. Caliber currently invests in Hotels, Self-Storage, Apartment Communities, Single Family Residential Properties, and Office Buildings. Caliber is a fully, vertically integrated, full service real estate investment firm controlling all aspects of the investment cycle. Services include acquisitions, construction, development, and property and asset management. www.CaliberCo.com.
About MODUS Development
The leading developer in eco-friendly living, Phoenix-based MODUS Development creates innovative buildings with award-winning environmentally friendly designs that are 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 www.MODUScompanies.com.