MIAMI, Dec. 20, 2021 /PRNewswire/ -- Mill Creek
Residential, a leading developer and operator specializing in
premier rental communities across the U.S., today announced it has
broken ground on Modera Riverside, a contemporary mixed-use
apartment community located along the Miami River at the
intersection of Brickell, Downtown
Miami and the Miami River District neighborhoods.
The 36-story high-rise, which will feature 428 apartment homes
and 4,266 square feet of ground-floor retail, sits in one of the
city's most walkable and transit-friendly locales. The community is
the initial phase of a larger Miami Riverside Center redevelopment
plan, which will ultimately transform the area into a
state-of-the-art waterfront locale that will include a new public
riverwalk.
Mill Creek is partnering on
Modera Riverside with Adler Development, which served as the land
seller and will remain a development partner moving forward. The
deal was brokered by Berkadia. First move-ins are anticipated for
late summer 2024.
"We're excited to get started on Modera Riverside, which we
believe boasts an unrivaled location at the confluence of three of
the city's most vibrant submarkets," said Andrea Rowe, managing director of development in
South Florida for Mill Creek
Residential. "While the proximity to Brickell, Downtown and
Riverside neighborhoods is ideal,
the community will also sit near The Wharf, which has genuinely
boosted the city's cultural and culinary scenes and is becoming
increasingly popular. We're eager to join such a lively area and
are committed to offer a best-in-class experience in the
neighborhood."
Situated at 300 Southwest 2nd Avenue, Modera Riverside will
include 40,000 square feet of amenity space and two distinct
amenity decks, which will provide sweeping views of the ocean,
Biscayne Bay and the Miami
skyline. The site boasts a superb Walk Score of 92. In addition to
walkable access to the adjoining neighborhoods, residents will have
expedient connectivity to the Metrorail and multiple additional
transit options that connect with the city's key attractions, along
with the area's prominent financial and tech-based employment
centers.
Modera Riverside will offer a mix of studio, one-, two- and
three-bedroom homes with an average square footage of
876. Community amenities, highlighted by the rooftop decks,
will consist of a swimming pool, grilling area, landscaped
courtyards, clubhouse, onsite pet spa, free WiFi, game room and a
club-quality fitness center with group fitness area and
yoga/pilates studio. Residents will also have access to a
conference room, co-working spaces, private workstations, digital
package room, dedicated bike storage, additional storage space,
valet dry cleaning and secured garage parking with electric vehicle
stations available.
Apartment homes will be delivered with a variety of refined
features, including nine-foot ceilings, wood plank-style flooring,
Energy Star stainless steel appliances, quartz countertops, open
dining areas, upgraded cabinet pulls, tile backsplashes, kitchen
islands, built-in shelves, walk-in closets, smart thermostats,
in-home washers and dryers, private patios or balconies and key fob
access. Bathrooms will include tile surrounds and custom
cabinetry.
Modera Riverside marks Mill
Creek's ninth development in Miami and adds to the company's growing
South Florida pipeline.
About Mill Creek Residential
Mill Creek Residential
Trust LLC is a national rental housing company focused on the
development, acquisition and operation of rental communities in
targeted markets nationwide. The national company, headquartered in
Boca Raton, Florida proactively
develops, acquires, constructs and operates communities through its
seasoned team of real estate professionals in offices across
the United States. Mill Creek is building its portfolio in many
of the nation's most desirable markets in Seattle, Portland, the San Francisco Bay area,
Southern California, Phoenix, Denver, Dallas, Austin, Houston, South
Florida, Tampa,
Orlando, Atlanta, Nashville, Charlotte, Raleigh, Washington,
D.C., New Jersey,
New York, and Boston. As of September 30, 2021, the
company's portfolio is comprised of 111 communities representing
over 30,500 rental homes that are operating and/or under
construction. For more information, please visit
www.MillCreekPlaces.com.
About Adler Development
Adler Development is a
multigenerational real estate company headquartered in Miami, Florida that offers a full range of
services that leverage the strength of the organization's
experience to maximize the value of its real estate assets.
Throughout its 60-year history, Adler Development has developed and
acquired over 20 million square feet of industrial, office, and
retail real estate and over 8,000 residential units. Through its
operating entities, Adler owns and manages approximately two
million square feet of commercial real estate throughout the
greater Southeast and has over 4,000 multifamily units owned or in
construction and development. Recent notable projects include
the 467-unit Shorecrest Club in Miami, the 250-unit Pearce at Pavilion in East Tampa, the 294-unit Motion at Dadeland in
Miami-Dade, the 312-unit Core at
Link at Douglas in Miami, the 421-unit Cascade at Link in
Miami, Link at Douglas phase 2 project (Miami), 750 units at Broward College's Central Campus in
Davie and the multi-phase
mixed-use redevelopment of the Miami Riverside
Center. www.adlergroup.com.
Media Contact
Stephen
Ursery
LinnellTaylor Marketing
stephen@linnelltaylor.com
303.682.3945
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SOURCE Mill Creek Residential