On December 18, 2019, Mill Creek Residential Trust purchased a 1.75-acre site from the City of Orlando for development of a 292-unit market rate apartment project, Modera Creative Village. The $75 million project faces Creative Village Central Park and includes a structured parking garage and approximately 10,000 square feet of ground floor commercial space. Modera Creative Village broke ground in February 2020 and will be complete in Q1 2022.
The land sale was the result of the third-party land brokerage process managed by the master developer, Creative Village Development, LLC, and administered by the land broker, Jones Lang LaSalle. Modera Creative Village marks Mill Creek’s second apartment project in Downtown Orlando. Their first property, Modera Central, is located in the Central Business District and opened in 2018.
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