Mill Creek Announces Groundbreaking of Modera Biscayne Bay

Luxury Mixed-Use Development Community Will Feature 296 Apartment Homes and Retail Space

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May 09, 2019, 08:30 ET

MIAMI, May 9, 2019 /PRNewswire/ -- Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the groundbreaking of Modera Biscayne Bay, a luxury mixed-use apartment community located at the convergence of Miami's vibrant Edgewater and Omni Arts and Entertainment neighborhoods.

The 27-story high-rise, which will feature 296 apartment homes and 11,000 square feet of retail space, will boast spectacular views of Biscayne Bay and the surrounding shoreline. As part of the development, Mill Creek is expanding Bayshore Drive to connect to 22^nd Street, with the high-rise community spanning Bayshore Drive. First move-ins are anticipated for spring 2021.

"The Miami waterfront neighborhoods possess a truly distinctive vibe, and we believe Modera Biscayne Bay is positioned to absorb the entire ambiance with unmatched views of the barrier islands and city skyline," said Jeff Meran, senior managing director for Mill Creek.

Situated at 412 NE 22^nd Street, the community sits one block from Margaret Pace Park along the waterfront and within walking distance of Midtown Miami, Miami Design District and the Wynwood district. The community is uniquely positioned nearby many of Miami's strongest employment drivers, including the Brickell financial district and the Miami Health District.

Modera Biscayne Bay is commuter-friendly from its location just east of Biscayne Boulevard and between Interstates 195 and 395, highways that link to the I-95 Express and provide connectivity to the greater metropolitan area and its various shopping, dining and entertainment options. The community possesses a superb Walk Score of 93 – a "walker's paradise" – with pedestrian access to many of the area's local restaurants and retailers. In addition to the vast walkable options, Bayfront Park and Bayside Marketplace shopping center are less than two miles from the community.

Modera Biscayne Bay will offer one-, two- and three-bedroom homes with den and penthouse layouts available. Community amenities will include a 27^th-floor amenity deck, rooftop pool, barbecue area, club-quality fitness studio, yoga/Pilates studio, resident clubhouse, internet lounge, conference room and coffee bar. Residents also have access to digital package lockers, additional storage areas, bike storage and eight stories of secure structured parking.

Apartment interiors will have condo quality finishes, including Energy Star® stainless steel appliances, quartz countertops, porcelain tile flooring, upgraded fixtures, tile backsplashes, in-home washers and dryers, walk-in closets, WiFi thermostats and private patios or balconies. Select homes feature 15-foot ceilings, breakfast bars, double vanities, linen closets and built-in storage/shelving.

Including Modera Biscayne Bay, Mill Creek has developed seven communities in Miami. Others include Modera Douglas Station, Modera Metro Dadeland, Modera Riverhouse and Modera Edgewater.

About Mill Creek Residential
Mill Creek Residential Trust LLC is a national multifamily company focused on the development, acquisition and operation of apartment communities in targeted markets nationwide. The company proactively pursues development, acquisition and construction opportunities through its seasoned team of real estate professionals in 15 offices across the United States. Mill Creek is building its portfolio in many of the nation's most desirable apartment markets in Seattle, Portland, the San Francisco Bay area, Southern California, Denver, Dallas, Austin, Houston, South Florida, Tampa, Orlando, Atlanta, Nashville, Washington, D.C., New Jersey, New York, and Boston. As of March 31, 2019, the company's portfolio comprises of 74 communities representing over 19,700 apartment homes that are operating and/or under construction. For more information, please visit www.MillCreekPlaces.com.