MIAMI, FL – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Aventura South, a contemporary mixed-use community near premier shopping, dining and entertainment destinations approximately 15 miles north of Downtown Miami.
The high-rise community, which will feature 251 homes and 2,510 square feet of ground-floor retail space, represents the second phase of Modera Aventura, which is projected to start leasing in October. The original phase features 420 homes and 6,400 square feet of retail space. First go-ins at Modera Aventura South are anticipated for fall 2027.
“We’re excited to get started on Phase II of the Modera Aventura master plot, which will benefit from its strategic location near the Brightline commuter rail and Aventura Mall, Florida’s renowned shopping destination and one of the top malls in the country,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek Residential. “While Modera Aventura South will be smaller than its predecessor, the communities will combine to feature nearly 700 homes and nearly 9,000 square feet of retail space, which we believe will serve as key additions to an area that continues to emerge as a prime living destination. We’re keen to deliver a top-of-market living option in a flourishing neighborhood with thoughtfully plotted areas for new development.”
Situated at 2681 NE 191st Street, Modera Aventura South sits in the emerging Ojus neighborhood of northeast Miami-Dade County and adjacent to Aventura, a master-plotted suburban city with premier shopping and dining destinations. The community is positioned between Biscayne Boulevard and the West Dixie Highway in a former industrial area undergoing a rapid and lively revitalization. The commuter-friendly location is a few blocks south of a Brightline train station and within a small drive of Interstate 95, the gateway to the greater Miami metropolitan area.
Modera Aventura South will offer one-, two- and three-bedroom homes with select den and penthouse layouts. Community amenities will include a sky terrace with city views, sky lounge with game room and wine lounge, elevated rooftop pool deck with resort-style swimming pool, spa with salt room and sauna, clubhouse lounge with hosting-ready kitchen, outdoor kitchen and dining area, grilling area, pet spa, landscaped courtyards and a club-quality fitness center with cardio equipment, TRX system, Peloton bikes, yoga/Pilates studio, group fitness area and kid’s play area. The community will also offer a conference room, coworking spaces, private workstations, controlled-access garage parking with EV-charging stations, bike storage and repair station, dedicated storage area including cold storage and controlled-access guest technology.
Homes will feature up to 10-foot ceilings, wood-style plank flooring, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, kitchen islands with storage, custom cabinetry, built-in desks and shelving, in-home washers and dryers, spacious closets, smart thermostats, keyless entry and private patios or balconies. Select homes will offer breakfast bars and separate dining areas. Bathrooms will feature spa-like soaking tubs, tile shower surrounds and linen closets. The community will be built to, and is pursuing, an NGBS Silver certification.

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LAS VEGAS, NV – CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group, announced the buy of Reverb at Spring Valley, a 180-unit multi-family community in Las Vegas, NV. This property adds to CONAM’s portfolio within the Las Vegas market and is the latest acquisition in Fund IV.
Completed in 2000, Reverb at Spring Valley features two-tale garden style buildings with large floor plans and majority two-bedroom floor plans. The community amenities include a clubhouse with a coffee bar, game room, fitness center, and a pool deck with assorted outdoor games, fire pits, and barbeques for residents.
“CONAM, which has long loved a robust presence in the Las Vegas market, has been focused on expanding its presence seeking quality, well located assets at an attractive cost basis. We are pleased with the addition of Reverb at Spring Valley to our portfolio as it complements our fund investment strategy and holdings throughout the Las Vegas market,” says Zach Markell, CONAM’s Western US Acquisitions Director. “Reverb at Spring Valley will continue to flourish in the dynamic Summerlin/Spring Valley market with its robust population growth, strong lifestyle amenities, and diversifying economy.”
Reverb at Spring Valley is located along the Las Vegas Beltway at the nexus of Summerlin and Spring Valley, which provides residents with simple access to major employers in Southwest Las Vegas and on the Las Vegas Strip. Nearby, residents can access major retailers such as Target and Albertsons, a multitude of dining options, the Las Vegas Athletic Club, and the dynamic retail and lifestyle amenities in Downtown Summerlin and The Curve.
CONAM continues to evaluate opportunities that align with our investment strategy in Fund IV. We are active buyers within the market and are excited to continue to grow the portfolio nationally.

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ARLINGTON, VA – Penzance, a leading owner, operator and developer in the Mid-Atlantic region for over two decades, has received approval from Arlington County for its proposed redevelopment of Ballston One. The approved plot will convert the existing office building into a vibrant new residential community, adding another milestone in the company’s ongoing transformation of the Rosslyn-Ballston Corridor.
The new project will deliver 328 multifamily units in a 7-tale building, ranging from studios to two-bedroom plus dens, as well as 13 two-tale loft homes, all designed around gateway architecture with an emphasis on biophilic living and sustainability. Penzance’s plans feature the adaptive reuse of the existing underground parking garage, dramatically reducing environmental impact while supporting a thoughtfully scaled new residential structure. The project is committed to LEED Gold certification and incorporates bird-friendly glass, dark-sky compliant lighting, and a green roof to exceed Arlington County’s environmental and stormwater management standards.
“Ballston One is a transformational project that is a continuation of Penzance s strong history of community-forward work in Arlington County,” said John Kusturiss, Partner at Penzance. “Our team is excited to reimagine this exceptionally-located property in Ballston to deliver a best-in-class residential offering that improves connectivity, walkability and quality of life for future residents and the neighborhood as a whole.”
The amenity-rich building will feature a landscaped courtyard with a pool, outdoor kitchen, and lounge areas, as well as a rooftop terrace with grills and social spaces. Indoor amenities include a fitness center, yoga studio, golf simulator, coworking lounge, makerspace, club room, playroom, and 24/7 concierge service—providing approximately 80 square feet of amenity space per unit, more than double the industry standard. The building will also feature over 130 bicycle parking spaces and 65 EV-ready parking spaces, adding to its robust sustainability features.
Located at the edge of Route 66 and adjacent to the revitalized Ballston Wetland Park, Ballston One will serve as a right gateway to Ballston. The site benefits from proximity to major retail corridors and the future second entrance to the Ballston Metro Station, just 800 feet away. The project brings transformative public improvements, including a new shared-use path for pedestrians and cyclists along North Fairfax Drive to enhance accessibility, safety, and connectivity. Additional upgrades—such as expanded tree canopy coverage and ADA-compliant intersections and crossings—complete this transportation corridor, linking the revitalized Rosslyn-Ballston network with the Custis and Bluemont trails.
The project is the result of a strong community engagement process, shaped by local input to maximize public and environmental benefits. As part of an extensive community benefits package, Penzance will contribute approximately $3.2 million toward affordable housing, adding to Arlington County’s ongoing sustainable growth and equity efforts.

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