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Moderne Communities Building Second Tucson-Area Build-to-Rent Community
MODERNE Communities recently paid $4.35 million on its purchase of 14-acres from Gladden Phase II. The company plans to develop a build-to-rent community – MODERNE at Gladden Farms. Construction is targeted to begin on the gated community of 182 single-family homes for rent in 2023.
The community will include a mix of one-, two-, and three-bedroom units ranging from approximately 839 to 1,565 square feet. The gated community will include twenty-four-hour security, pocket parks, a community fitness center, clubhouse, resort-style pool, barbecue areas and electric car charging stations.
MODERNE’s Randy Bury likes the growth in the area, “The expansion of businesses and new jobs coming from companies like Shamrock, CTI Trucking, Southwest Gas and the new regional headquarters for Roche is prompting a growing demand for housing options in the area.”
It’s MODERNE’s second Tucson-area project. MODERNE at Rocking K will include 224 single-story homes for rent just east of Tucson.
- ◦Sale/Acquisition
- ◦Development
