Phoenix-based Modus Cos. — known for building communities that focus on saving energy to curb greenhouse gas emissions — just closed on 39 acres in Casa Grande, with plans to build 470 build-to-rent homes.

With major employers such as Nikola, Lucid and Kohler bringing more than 6,400 jobs to the area — and many more moving to the region for other jobs — founder Ed Gorman figured there's going to be a need for more housing

Purchased from Walton Cos. for $2.9 million, the acreage is at I-10 and Florence Boulevard, next to the 1 million-square-foot Promenade Shopping Center.

The project will be built in two phases, featuring resort-iike amenities in the community, including clubhouse, fitness center, pool, hot tub, pickleball courts, and a dog park.

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By Angela Gonzalez, Senior Reporter - Phoenix Business Journal