Mill Creek moves forward with Modera 555 in Flagler Village

TRD MIAMI /
Jul.July 30, 2019 08:45 AM
Modera 555 and William MacDonald

Modera 555 and William MacDonald

Mill Creek Residential is continuing to invest heavily in South Florida’s apartment market.

The Dallas-based developer bought three properties in Fort Lauderdale’s Flagler Village for a combined $7 million to build a 24-story, 350-unit luxury apartment building called Modera 555, according to a press release from Berger Commercial Realty.

The properties are located at 815 Northeast Fifth Terrace, 501 Northeast Eighth Street and 812 Northeast Fifth Avenue.

Mill Creek bought the properties from RWL 8, LLC, which is managed by Robert Lovern, the non-profit Helping Abused Neglected Disadvantaged Youth (HANDY), Inc., and 812 N.E. 5th Ave LLC, which is managed by Bob Moss of Moss & Associates.

Berger Commercial Realty/ CORFAC International’s Steve Hyatt brokered the sales.

Mill Creek also acquired a fourth lot in an off-market deal at 531 Northeast Eighth Street, formerly Boyes Gas Service, according to a press release.

The project, at 555 Northeast Eighth Street, is expected to break ground in August.

Mill Creek is also currently developing Modera Biscayne Bay, a $120 million mixed-use apartment tower, in Miami’s Edgewater neighborhood on the former site of the Unity on the Bay Church. The 28-story building will have 296 apartments and 11,000 square feet of retail space.

Nearly a year ago, Mill Creek Residential paid $37.2 million for a 127-unit apartment complex in Dania Beach.


Related Articles

arrow_forward_ios
Atria Willow Wood

SoFla senior housing developers brace for coronavirus impact

Mayor Dean Trantalis (Credit: Larry Marano/Getty Images)

Restaurants, bars and gyms to shut down immediately in Fort Lauderdale

Gov’t Meetings Canceled or Moved Online Due To Coronavirus (Credit: iStock)

Miami, Miami Beach and Fort Lauderdale cancel city meetings

Coronavirus closures hit South Florida restaurants and stores

Coronavirus closures hit South Florida restaurants and stores

Howard Wurzak’s development firm is suing over delays and defects at the double branded Dalmar and Element hotel

Fort Lauderdale hotel developer sues Tutor Perini, seeking nearly $12M for alleged delays, defects

Joseph P. Thomas, Adam Duncan and Tyler Carbonelli with the Fort Lauderdale properties

California investors buy multifamily portfolio in Fort Lauderdale

Scott Antoniak, Chief Executive Officer of Slate Office REIT, 5900 North Andrews Avenue (Credit: Google Maps)

Toronto REIT to buy Cypress Creek office building for $46M

Cushman & Wakefield’s Scott O’Donnell, Greg Miller, Dominic Montazemi and Miguel Alcivar, with 12 Southeast 7th Street (Credit: Google Maps)

Fort Lauderdale office tower sells for $18M

arrow_forward_ios
Loading...