2 developers buy land for apartments in Maricopa, will add more than 400 living spaces

PHOENIX — Two developers recently purchased land in Maricopa with the intent to install more than 400 combined multifamily apartment units, according to press release on Tuesday.

Land Advisors Organization’s Homebuilding Team partnered with Dominium Acquisition LLC and Roers Companies to complete the respective transactions.

Both land parcels are located at the northwest corner of Porter Road and the Maricopa-Casa Grande Highway.

The Dominium Acquisition parcel is more than 19 acres in size and was bought for $8.26 million. Construction plans detail the creation of a 215-unit apartment complex.

Roers Companies purchased 9.5 acres of land for $4.17 million, its future 216-unit apartment community to be adjacent to those owned by Dominium Acquisition.

“The City of Maricopa was recently recognized as the fifth-fastest growing city in the U.S., and new residential options are greatly needed in the area,” Land Advisors Organization representative Bret Rinehart said in the release. “These land acquisitions by Dominium and Roers will provide more affordable new residential options while also complementing the area’s burgeoning retail developments.”

Land Advisors Organization said construction on both projects will begin during the first quarter of 2025.

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