Mill Creek Residential Trust, the Boca Raton-based developer behind Orlando’s Modera Central and Modera Creative Village, has filed plans with the City of Orlando for a third luxury apartment tower.
Mill Creek is the nation’s third-largest apartment developer, and GrowthSpotter first reported the company’s interest in the 4-acre site at the corner of E Colonial Drive and Bennett Road in January. The proposed community would replace the existing Gilt Nightclub and an adjacent flex-office/retail building currently located on the property.
This month a Mill Creek affiliate submitted plans for the 400-unit Modera Baldwin Park community. The complex would consist of three main buildings, each eight stories tall, with a pool and amenity court on the roof of the 5-story parking garage. The site plan shows several ground-level courtyards and a dog run. Sidewalks through the project and along Bennett Road would connect to Cady Way Trail, proving residents with car-free access to the surrounding area and north up to Baldwin Park and Winter Park.
The parking garage would accommodate 648 vehicles and would be wrapped on the north and west elevations with apartments. The garage building is flanked on the east and west with residential buildings, which would each have pedestrian bridges to the garage on floors three-eight. The eastern building would house the 2-story leasing office and amenity center, which would be 6,650 square feet. The ground floor also would include a room for permanent bike storage and a co-working space. Another 3,000 square feet of clubhouse amenity space is located on the sixth and seventh floors, opening out to the pool deck.
Hamilton Engineering is both the civil engineer and surveyor. The site plan calls for three massive underground stormwater chambers along the northern and western boundaries of the property, underneath drive aisles and ride-share parking area at the Colonial Drive entrance.
Celebration-based LRK is the architect for the project, and GAI Consultants is the landscape architect. The developer intends to start construction in April 2023 and complete the project in about two years. Modera Baldwin Park would be developed in a single phase, according to the submittal package.
Rebecca Wilson, shareholder for Lowndes, represented the developer during the pre-application meeting. The property has AC-3 and ACN Activity Center zoning in an Aircraft Noise Overlay District. The zoning allows for a maximum building height of 200 feet. The Modera building would be 87 feet tall at the top of its parapet. Mill Creek executives could not be reached for comment.
The development matrix calls for nine studio apartments, 160 one-bedroom apartments, 171 two-bedroom units and 60 three-bedroom units. The largest units would average about 1,300 square feet. Typical Modera apartment interiors include 42-inch custom cabinetry, solid-surface countertops, tile backsplashes, stainless steel appliances, wood-style flooring, stackable washers and dryers, designer plumbing fixtures and lighted mirrors at bath vanities. Select homes feature movable kitchen islands and upgraded features.
Future residents of the mixed-use Modera Creative Village, which is almost completed, will have access to a resort-style pool with outdoor seating, 24-hour fitness center with yoga area and fitness programming, clubroom with cyber café and TV lounge, outdoor kitchen/dining area, private seating areas, and outdoor courtyard. Residents also have access to digital package lockers. That project faces Luminary Park and features 10,000 square feet of retail space on the ground floor.
Mill Creek entered the Orlando market in 2015 with the Modera Central mixed-use tower at 125 E. Pine Street in Orlando’s Central Business District. The trust sold the 350-unit tower, minus the University Club, in late December for $137.25 million.
In December, Mill Creek broke ground on Modera Riverside, a 36-story high-rise mixed-use tower in downtown Miami. That was followed in February of this year with the groundbreaking of Modera St. Petersburg, a 20-story highrise with 14,000 square feet of retail space within walking distance of Tropicana Field.
The East Colonial corridor has been drawing developer interest who are targeting infill sites to jumpstart what’s generally considered an underserved submarket of Orlando. Kimco Realty Corporation’s Peter Flint noted the lack of new Class A multifamily housing along Colonial as a contributing factor in the company’s decision on whether to build mixed-use residential towers in the Colonial Plaza shopping center.
Bancorp, owner of Orlando Fashion Square, received city approval in December for a multi-phased redevelopment that would add 1,400 residential units, a hotel plus another 177,000 square feet of new retail uses. Meanwhile, Trammell Crow Residential has commenced construction on the Alexan at Mills 50 at the corner of Colonial and Fern Creek Avenue. The 5-story, mixed-use building will have 246 residential units, including 15 live-work units on the ground floor.