Mill Creek Residential Trust LLC has announced that it will develop 262 Class A luxury apartment units in Miami. The complex, standing in with Mill Creek’s Modera brand name and indicating its location on Bird Road – an important traffic corridor of the area – is to be called Modera Bird. Central location of the luxury homes in the Coral Gables/Merrick Park submarket will offer easy access to three major Class A office hubs, hospitals, universities, cultural centers, banking, dining, shopping and other destinations. Douglas Station Metrorail stop is also nearby as well as Miami-Dade County Transit System’s Metrobus and the Coral Gables free trolley system’s lines.
Mill Creek is a national apartment developer, investor and operator with a portfolio of 29 communities totaling nearly 10,000 apartment homes. The company operates in 14 offices across the U.S. and is ranked third on the 2013 Multifamily Executive’s Top 50 Builders List. Its South Florida portfolio collection includes seven more communities totaling 3,083 apartment homes. All are located in the Miami Metro Area with Modera Coral Gables and Modera Merrick Park in the Coral Gables region, Modera Miramar and Miramar Town Center in Miramar, Modera Dadeland in Kendall, Port Royale Apartments in Ft. Lauderdale, and Modera Pembroke Pines in the City of Pembroke Pines.
In a press release, Callum Parrott, executive managing director at Mill Creek, says that South Florida is the company’s most active core market.
“We are pleased to expand our presence here with the development of another Class A transit-oriented apartment community,” he says. “We continue to leverage our deep local relationships to source sites like Modera Bird: prime locations in affluent neighborhoods close to Clas A office hubs, world-class shopping and dining and easy access to public transit. “This gives Mill Creek a distinctive advantage to continue to build a strategic presence in South Florida locations characterized by population and job growth.”
Groundbreaking on the latest project is expected to begin this year with first move-ins anticipated in 2015’s second quarter. The eight-story concrete building with a central parking garage will offer apartments with up to 3 bedrooms on floor plans from 708 to 1,378 square feet in size.
Photo credits: Mill Creek Residential