Affordable housing developer closes on Surprise land
Dominium closed on the land purchase for a site for two of its affordable housing projects in Surprise.
Dominium
A multifamily affordable housing developer has closed on a parcel of land that will eventually bring 599 apartments to western Surprise.
Dominium closed on land near the southwest corner of Waddel Road and Cotton Lane that will be home to two affordable housing complexes, according to a press release Tuesday.
The company did not disclose financial terms of the deal.
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Development
Affordable housing developer closes on Surprise land
Dominium
Dominium closed on the land purchase for a site for two of its affordable housing projects in Surprise.
Posted
Independent Newsmedia
A multifamily affordable housing developer has closed on a parcel of land that will eventually bring 599 apartments to western Surprise.
Dominium closed on land near the southwest corner of Waddel Road and Cotton Lane that will be home to two affordable housing complexes, according to a press release Tuesday.
The company did not disclose financial terms of the deal.
Domnium will develop the 388-unit Arterra for families and the 211-unit Orchard Springs for seniors on the land.
The dual projects drew considerable opposition from neighboring residents as a referendum was ultimately rejected by the city following several contentious meetings where residents voiced concerns about the development.
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