Caliber and MODUS Development Commence Construction on Eclipse Net Zero Energy Townhomes in Scottsdale, Arizona

Development Will Be One of Arizona’s Most Sustainable, Well-Located
and Technologically Enabled Communities

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Real estate investment firm Caliber
– The Wealth Development Company has partnered with one of the
nation’s leading Net Zero Energy (NZE) developers, MODUS
Development, on their second project, Eclipse,
which officially broke ground and has begun development. This is
Scottsdale’s newest environmentally sustainable townhome community,
designed with Zero Energy Star® certification for maximum energy
efficiency. The new $9.1 million, 20-unit NZE townhome project will
infuse game-changing technology innovations like Apple/Google
integration, incredible amenities and designer finishes for a unique
residential lifestyle. Scottsdale Mayor W.J. “Jim” Lane and Maricopa
County Supervisor District 2 Steve Chucri, along with
partners/investors, attended the groundbreaking ceremony. Expected
completion is December 2017.

“Scottsdale is very pleased to welcome Caliber’s innovative and
technologically advanced development project to our City,” said Lane.
“Eclipse will offer citizens the opportunity to live in first-class
residences, while incorporating the latest in energy saving and
home automation innovations being used for one of the first times in our
state. The city of Scottsdale continues to capture national attention
for our inventiveness, which is extending economic opportunity to all
our residents, while also protecting Scottsdale’s resources and historic
character.”

Eclipse homes will be equipped with innovative sustainability features.
Base and optional packages created for the buyer’s living preferences
will infuse the latest technical advances from leading product
manufacturers, and elevate Eclipse residential living and energy
efficiency to a one-of-a kind townhome development. Caliber will utilize
the latest innovations from product manufacturers to introduce home
automation in areas like virtual assistants, energy management,
security, locks, cameras, smoke detectors, electrical control, lighting
and outdoor sprinklers. Smartphone applications will help control these
aspects while in and out of the home. Two robust Eclipse model units
will serve as exploration playgrounds for homebuyers to add and
customize options based on their living requirements. Home prices will
start at $400,000 and adjust for view premiums, technology upgrades and
size.

“Maricopa County is increasingly being recognized as a leader in the
nexus of technology, wise energy use and economic growth,” said Chucri.
“This latest project by Caliber Development is an outstanding example of
combining state-of-the-art energy saving technology with premier housing
opportunities in Scottsdale’s business corridor.”

Chris Loeffler, CEO and Co-Founder of Caliber, said, “Eclipse is meant
to be an inspiration for how sustainability and home automation
technology can coexist to bring an unprecedented ease and comfort of
living, while preserving environmental resources. We’re excited to offer
this forward-thinking community with location, design and innovation as
a new way of living that truly sets itself apart from other townhome
communities.”

“Location is key for NZE developments and Eclipse is ideally located on
one of the only sites available for development in the flourishing
McDowell Corridor,” said Founder of MODUS Development Ed Gorman.
“Partnering with Caliber on this second NZE project, we’re creating a
more earth-friendly and budget-friendly way to live for Arizona
residents, without sacrificing style and comfort. To accomplish this at
the same costs as non-NZE developments is something many didn’t think
was possible.”

Appropriately named Eclipse, the gated, circular designed, green solar
community is ideally located on 1.46 acres on Granite Reef Road just
south of McDowell Road, providing convenient access to retail and dining
options in downtown Scottsdale and the emerging McDowell high-tech
corridor with SkySong, The ASU Innovation Center and easy access to the
101 and 202 freeways. The project has three 3-story buildings containing
two and three-bedroom units, with two different floor plans ranging from
1,800 to 2,000 square feet with 2-car garages. The building incorporates
a unique circular format used by many famous buildings, including The
Guggenheim (NYC) and the David and Gladys Wright House (Phoenix).

Eclipse is Caliber’s second NZE project with MODUS, along with The
Roosevelt in downtown Tempe off Mill Avenue. Additional information
is available on Eclipse
(www.eclipsescottsdale.com)
or by calling Michael Williamson/Beth Spivey at Caliber Realty Group,
480-295-7600.

About Caliber – The Wealth Development Company

Caliber assists investors in building wealth through both equity and
debt real estate based investments, either through individual assets, or
through private funds. Caliber is focused upon opportunistically
acquiring various types of commercial assets, with in place cash flow,
and maintaining low leverage on them. Through its proven renovation and
management expertise, Caliber is able to increase revenue, maximize tax
benefits, all the while protecting investor capital. Caliber currently
invests in Hotels, Self-Storage, Apartment Communities, Single Family
Residential Properties, and Office Buildings. Caliber is a fully,
vertically integrated, full service real estate investment firm
controlling all aspects of the investment cycle. Services include
acquisitions, construction, development, and property and asset
management. www.CaliberCo.com.

About MODUS Development

The leading developer in eco-friendly living, Phoenix-based MODUS
Development creates innovative buildings with award-winning
environmentally friendly designs that are located in prime urban areas.
Nationally recognized as one of the premier developers of Leadership in
Energy and Environmental Design (LEED-H) and Net Zero Energy (NZE)
buildings, MODUS has a number of residential projects under development
in Arizona and California. For more information, visit www.MODUScompanies.com.

Contacts

RS Marketing & Assoc. for Caliber
Ruth Seigel, 602-320-4182
rsmarketingandpr@gmail.com