Mill Creek Residential has begun construction on the luxury, mixed-use community Modera Coral Springs, located in the heart of Coral Springs, Fla. Situated at 3250 N. University Drive, Modera Coral Springs will offer 351 units and more than 14,600 square feet of retail space.
The project is part of the greater Cornerstone at Downtown Coral Springs development, intended to inject revitalized living, dining, retail and entertainment choices into the city’s busiest area. The apartment community will welcome first move-ins by summer of 2023.
“The location on University Drive is directly amidst one of the most sought-after locations in the city,” John Grimaldi, vice president of development, South Florida Region, told Multi-Housing News. “The community is positioned near the influx of a large number of existing retail, restaurants and boutique shops that will be easily accessible for our residents . . . The area, which services the surrounding Coral Springs and Parkland communities, is rapidly revitalizing and has a promising future.’”
The property’s wrap-style design aims to make the apartment community distinctive in a market where walk-up, low-rise rental properties predominate. “While the product is unproven locally, it also serves as a great opportunity,” Grimaldi said.
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