Big news for Arizona real estate investors this week — Dominium has announced a major new project in Surprise, AZ. Here’s what you need to know:
- Project Scope:
- 600 new apartment and townhome units will be developed.
- Located just west of Loop 303, offering excellent freeway access.
- Mixed-Use Features:
- Self-storage facility included — a smart addition that meets growing demand.
- New restaurants and small-scale retail shops will create a walkable environment.
- Senior Living Component:
- The development will also feature a senior living section, helping meet the rising demand for 55+ housing options.
- Site Size:
- The community will span 46 acres.
Why This Matters to Investors:
- Surprise is one of the fastest-growing cities in the West Valley.
- Proximity to Loop 303 is a huge advantage for renters — cutting commute times to Phoenix and other employment centers.
- Adding self-storage and retail to a residential site increases long-term cash flow potential.
- Senior housing continues to be a strong growth sector, providing diversification within the project.