Developer buys San Tan Valley land for modular apartment project

PHOENIX — Housing options southeast of metro Phoenix are set to expand. A company called Z Modular has bought land it plans to use for San Tan Valley apartments.

Western Retail Advisors, a Phoenix-based retail brokerage company, facilitated the sale.

Z Modular spent $14.3 million acquiring the land, which it plans to use for a future apartment complex.

Where is land Western Retail Advisors bought?

The company bought 20.45 acres of land at the southeast corner of Gantzel Road and El Parque Lane.

The apartment complex Z Modular will build on this land will have 318 units.

The planned apartments will pop up in an area surrounded by single-family housing. It’s also within walking distance of stores and restaurants like Safeway, Walgreens, McDonalds and Salad and Go.

The San Tan Valley apartments are also close to the $5.5 billion LG Energy Solutions battery manufacturing complex under construction in Queen Creek.

What’s unique about future San Tan Valley apartments?

The complex will include modular apartments, also known as prefabricated units. This means the buildings are made in a Chandler factory, brought to San Tan Valley and then then assembled on-site.

This method is an alternative to traditional construction, which can disrupt nearby communities.

Z Modular plans to develop the San Tan Valley community using its steel-framed, garden-style FLATZ apartment design.

This approach makes it possible to quickly meet the need for new multifamily units in metro Phoenix, according to Jake McClaughry, a retail brokerage specialist involved in the sale who works for Western Retail Advisors.

“We were pleased to represent such a strong buyer, in a transaction that will bring much-needed housing to the booming San Tan Valley market,” McClaughry said in the news release. “This is a prime example of the right product at the right time in the right place.”