Mill Creek continues to grow its South Florida portfolio with the development of Modera Station, in Miami. Adjacent to the affluent Coral Gables/Merrick Park submarket, the community’s 262 apartment homes are constructed as an eight-story concrete development surrounding a concrete structured parking garage. The community – Mill Creek’s 8th Florida development – will operate under the company’s Modera brand name and will be called Modera Station, reflecting its location on the Metrorail line. First move-ins are anticipated for April 2015.
The community will offer 1-, 2- and 3-bedroom apartment homes ranging in size from 708 square feet to 1,378 square feet. Amenities include a concierge, garage parking, wellness center/fitness studio, yoga room, elevated deck with hotel-inspired style pool, resident clubroom with kitchen, gaming stations and business center, complimentary wi-fi, multiple courtyards and water features. Interior features include 9-foot ceilings, upgraded stainless appliances, chef’s island, granite countertops, ceramic tile flooring, upgraded light fixtures, full-size washer and dryer, ceiling fans and crown molding.
Modera Station benefits from a prime location in close proximity to three major Class A office hubs, with prolific international banking and business, hospitals, universities, exclusive neighborhoods, cultural centers and abundant shopping and dining opportunities. Coral Gables and Merrick Park rank as one of the most exclusive housing markets in the country; median housing values within a one-mile radius are almost $400,000 and almost $575,000 in the City overall. Current occupancy rates in the Coral Gables submarket average 98%.
The community is connected to the Douglas Station Metrorail stop, which provides for a quick and easy commute to Downtown Miami, Brickell Avenue employment corridors, Dadeland and the Miami International Airport, as well as the main campus of the University of Miami – which is less than one mile away – and the UM/Jackson Memorial Medical Center. The site is also served by the Coral Gables free trolley system located one block from the property, and the Miami-Dade County Transit System’s Metrobus located just a few blocks from the property.