Mill Creek Announces Groundbreaking of Modera Old Town

Community to Add 190 Homes to Scottsdale's Iconic Old Town Neighborhood

SCOTTSDALE, Ariz., Nov. 5, 2026 /PRNewswire/ -- Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera Old Town, a contemporary podium community in the heart of Old Town Scottsdale.

Modera Old Town, which will feature 190 homes, sits within one of the Phoenix metro's most sought-after neighborhoods, known for its charming character and vibrant collection of dining, shopping and entertainment venues. The community will incorporate the existing Kimsey Building, a mid-century modern structure that will house the leasing office and amenity space, lending the community a distinctive sense of history and place within the Old Town streetscape. First move-ins are anticipated for late 2028.

"Old Town Scottsdale is one of the most desirable living destinations in the Phoenix metro, and Modera Old Town is uniquely positioned to offer a top-of-market experience within it," said Mark Sanford, vice president of development in Arizona for Mill Creek Residential. "With its refined amenity program, upscale interior finishes and proximity to the area's premier retail, dining and employment centers, we believe the community will quickly become a premium option for discerning renters in this neighborhood."

Situated at 7110 E Indian School Road, Modera Old Town places residents near the Scottsdale Fashion Square, the largest shopping mall in Arizona, featuring luxury retailers and premier restaurants, as well as the Scottsdale Waterfront and the 5th Avenue Shopping District, which together offer dozens of local restaurants, boutique stores and art galleries. The Scottsdale Entertainment District, home to the area's upscale nightlife scene, is also easily accessible. Each March, nearby Scottsdale Stadium serves as the Spring Training home for Major League Baseball's San Francisco Giants. The community offers convenient access to Scottsdale Road and Indian School Road, with Loop 101 providing broader connectivity to key employment centers across the metro. Major area employers include SRP, General Dynamics Mission Systems, HonorHealth, McKesson Corporation, the City of Scottsdale, Casino Arizona and Wells Fargo.

Modera Old Town will offer one-, two- and three-bedroom homes with select den layouts. Community amenities will include a resort-style swimming pool, spa, red light therapy room, outdoor deck, grilling area, outdoor kitchen, outdoor dining area, fire pit, landscaped courtyards, resident clubhouse, game room, pool table, coffee bar, pet spa and a 24-hour club-quality fitness studio with cardio equipment, group fitness area and yoga/Pilates studio. Residents will also have access to a coworking space, conference room, private workstations, controlled-access garage parking with private EV-charging stations, cold storage, dedicated bike storage, additional storage space and package lockers. Select homes will feature private balconies or patios, as well as city and mountain views.

Homes will include a variety of refined features, including wood-style plank flooring, nine-foot ceilings, oversized windows, stainless steel appliances, quartz countertops, custom 42-inch soft-close cabinetry with under-cabinet lighting, tile backsplashes, pull-down faucets, pantries, ceiling fans, in-home, full-sized washers and dryers, key fob and keyless entry and bulk WiFi. Smart features will include smart thermostats, smart leak detection and controlled-access guest technology. Bathrooms will feature double vanities, quartz countertops, spa-like soaking tubs, tile surrounds, linen closets and backlit mirrors. Select homes will feature undercounter wine fridges, movable kitchen islands with storage, built-in desks and separate dining areas.

About Mill Creek Residential

Mill Creek Residential is a national investment and rental housing company focused on developing, constructing, and operating multifamily and built-to-rent communities in targeted markets nationwide. Headquartered in Boca Raton, Florida, the company operates across the United States through a seasoned team of professionals, with a presence in many of the nation's most desirable markets, including Seattle, Portland, the San Francisco Bay Area, Sacramento, Southern California, Salt Lake City, Phoenix, Denver, Dallas, Austin, Houston, South Florida, Tampa, Orlando, Atlanta, Nashville, Charlotte, Raleigh, Washington, D.C., New Jersey, New York, and Boston. As of June 30, 2026, the company's portfolio is comprised of 153 communities representing nearly 43,000 rental homes operating or under construction. Visit MillCreekPlaces.com for more information.

Media Contact
Stephen Ursery
LinnellTaylor Marketing
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303.682.3945

SOURCE Mill Creek Residential