New downtown housing community planned
by Mark Cowling | Florence Reminder & Blade Tribune
Town staff are negotiating an agreement for apartments in the Territory Square District./Town of Florence
A Scottsdale company known for its modern, award-winning residential developments is planning to build a community of 112 rentals north of Heritage Park in the town’s Territory Square District.
The Town Council gave town staff authority to negotiate a development agreement with MODUS Holdings Inc. at Monday’s meeting. The town will sell approximately 30 acres.
“Council provided a challenge and an opportunity for staff about six months ago to get a request for proposals on the street for a development partner in Territory Square,” Town Manager Brent Billingsley told the council. “We received an excellent proposal from MODUS.”
