With the grand opening last month of Solstice of Mesa, Dominium celebrated its first new construction project in Arizona — a 289,840-square-foot, 237-unit apartment complex for seniors earning no more than 60% of area median income. Located at Hawes and Broadway roads, the project is already 100% leased due to need in the area. Tofel Dent Construction of Tucson was the contractor and Todd & Associates of Phoenix served as the architect.
The community has a fitness room, card room, craft room, salon, library, club room, theater, outdoor walking and sitting areas, grilling space, pool and lounge area. Solstice of Mesa will support green initiatives that will generate more than 1 million kilowatt hours of solar energy, providing up to a projected 50% in energy savings for the property.
Dominium’s third and fourth projects in Arizona — Casa Azure and Aviara Flats, in Phoenix’s Maryvale neighborhood — broke ground the day after Solstice’s grand opening. Expected development costs for the two projects total $203 million. Casa Azure will bring 196 units of affordable senior apartment homes in the winter of 2023; Aviara Flats will bring 372 units of affordable apartment homes for families in the summer of 2024. To qualify for this housing, residents must earn less than 60% of the area median income.
In addition to providing 568 affordable apartment homes to the area, the developments will feature unique design amenities that include a transit-oriented public plaza adjacent to a future Valley Metro light rail station, and solar panels to offset electricity expenses.
Dominium has been in the affordable housing industry for 50 years and manages more than 38,000 apartments in 22 states; it has a national reputation of developing high-quality properties that it owns and manages for the long-term. To help address Arizona’s housing crisis, Dominium has opened an office in Phoenix and is collaborating with the Arizona Department of Housing, the Arizona Industrial Development Authority, and a number of other investor partners. Dominium’s current new construction pipeline consists of more than 1,100 units of affordable housing, with an additional 3,000 units proposed across the Valley.
Photo courtesy of Dominium
