Mill Creek Residential has closed on the purchase of land in Edgewater where they plan the 28-story Modera Biscayne Bay project.
The developer paid $30 million for the 2-acre Unity on the Bay church property. The church will relocate within the next few months.
Construction on Modera Biscayne Bay will begin in the first half of 2019.
Ryan D. Bailine and Gavin M. Loughlin, shareholders in the Miami office of Greenberg Traurig, led a team of attorneys representing Mill Creek Residential in its acquisition. Additional Greenberg Traurig attorneys on the deal were Miami Shareholders Marina I. Ross and Ethan B. Wasserman, and associates Eric Fisher, Michael J. Larson, and Marissa A. Neufeld.
Mill Creek is planning a $120 million project. It will include 296 market-rate apartments, 11,000 square feet of retail, and an eight-story parking garage. The project was designed by Corwil Architects.
Amenities will include a 28th floor pool deck, indoor and outdoor pools, fitness center, dog park, pet spa, business center, theater room, resident’s lounge and a business center with a cyber café offering computer stations and conference rooms.