Mill Creek Breaks Ground on Orlando Community
- May 15, 2020
The momentum for a major redevelopment of an Orlando neighborhood into a mixed-use district continues with Mill Creek Residential breaking ground on its eight-story community, Modera Creative Village.
Located at 505 Chatham Ave., Modera Creative Village will offer 292 units through studio, one-, two- and three-bedroom floorplans. The apartments come equipped with 42-inch cabinetry, washer/dryer, and lighted mirrors at the bathroom vanities with some units including movable kitchen islands. The property’s amenities include a pool with outdoor spaces, a fitness center with a yoga area and programming, a clubroom, an outdoor kitchen and dining area, private seating areas, outdoor courtyards and digital package lockers. Mill Creek is anticipating its first move-ins for Creative Village in early 2022.
It’s not Mill Creek’s first time in Orlando as it previously completed the 350-unit Modera Central and began leasing the property in 2018. Outside Orlando, Mill Creek also broke ground on the 350-unit Modera Flagler Village in Fort Lauderdale, Fla., in March.
PART OF A CREATIVE VILLAGE
Modera Creative Village is a residential component in an ongoing master project to redevelop the former Amway Arena into a “live, work, learn and play” environment in downtown Orlando. Also named Creative Village, the master plan details a 68-acre transit oriented urban infill neighborhood that combines public schools and universities, student and mixed-income housing, offices, retail space, hotels and public parks and open spaces. Mill Creek’s latest project will also be bordered by the 2.5-acre Central Park that’s part of the master plan that will connect the community to nearby academic, employment and retail locations.
Creative Village is still in its first phase of development that includes $690 million in investments and spans several years. The Phase I projects include more than 350,000 square feet of higher education space, 175,940 square feet of office space, 965 residential units and 640 student housing beds. Creative Village’s full build out is expected to take 15 to 20 years.
Eran Landry, Mill Creek’s vice president of development, said in prepared remarks that Creative Village presents a prime opportunity for immediate growth and will quickly become one of the most desirable places in the downtown Orlando market.