CORAL SPRINGS, 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 Coral Springs Phase II, a contemporary mixed-use apartment community in the heart of Coral Springs.
The community, which will feature 353 homes and 32,280 square feet of retail space, joins the 351-home original phase that started welcoming its first residents in July. The communities are the key residential component of the Cornerstone at Downtown Coral Springs development, which is adding a variety of new living, dining, retail and entertainment options to the city’s busiest corner. Coral Springs Phase I and II will be built to, and are pursuing, an NGBS Silver Certification. First go-ins at Phase II are anticipated for fall 2025.
“When Phase II is complete, local renters will have access to more than 700 apartment homes and approximately 40,000 square feet of retail space,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek Residential. “We believe these offerings will add tremendous value to the epicenter of the city, and we’re thrilled to be part of the epic Cornerstone at Downtown Coral Springs development. With Phase II, we are not aiming to duplicate the original phase, but to offer a distinct set of amenities and a unique-but-similarly-refined living experience.”
Situated at 3310 University Drive, the second phase of Modera Coral Springs is positioned directly east of Coral Springs’new City Hall building, just north of the recently completed Downtown ArtWalk and within a small drive of the Sawgrass Expressway, which links to Florida’s Turnpike and provides connectivity to the greater South Florida area. Firmly amidst the area’s most prominent entertainment and employment centers, the community also offers near-direct access to The Walk of Coral Springs, Promenade at Coconut Creek, Tradewinds Park and many additional attractions.
The additional phase will offer one-, two-, and three-bedroom homes with select den layouts and an average size of 1,021 square feet. A distinct set of community amenities at Phase II will include three elevated courtyards with manicured landscaping, a resort-style swimming pool in one of the courtyards, an elegant multipurpose clubhouse overlooking the pool deck, outdoor barbecue stations, museum-inspired lobby and mailroom, coworking spaces and a club-quality fitness facility.
Home interiors will be similar to those of the original phase, including nine-foot ceilings, wood plank-style flooring, stainless steel appliances, quartz countertops, tile backsplashes, programmable thermostats, central heating and air, walk-in closets, in-home washers and dryers and private patios or balconies. Bathrooms will include tile shower surrounds, soaking tubs, double vanities and linen closets.

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DOUGLASVILLE, GA – Vista Residential Partners and Batson-Cook Development Company have completed the sale of a 300-unit garden apartment community known as Sweetwater Vista Apartments.
Sweetwater Vista Apartments was the first new multifamily development delivered to Douglas County in over a decade. Spacious floor plans, top-of-the-line amenities, and a bucolic atmosphere bordering the 2,500-acre Sweetwater Creek State Park were among the numerous reasons why the community stood out from its competitors.
In addition, residents can delight in a large clubhouse, resort style pool, spacious dog park, and open green spaces throughout the property. This community was a part of Vista’s corporate commitment to provide high-quality housing with attainable rents to a burgeoning submarket. Located on Riverside Parkway, Sweetwater Vista provides convenient access to both I-20 and the I-285 corridor, along with being 15 miles from Hartsfield-Jackson International Airport and 12 miles from Midtown Atlanta.
“Sweetwater Vista proved to be another example of Vista’s strong ability to identify underserved housing markets,” said Michael Neyhart, Chief Investment Officer of Vista. “The demand proved to be even stronger than we had forecasted, and the submarket continues to see robust investment activity in both commercial and residential developments.”
Synovus Bank provided construction financing for the project. A joint venture among BCDC and Blue Vista Asset Management LLC., Eduardo de Guardiola’s Family Office, (principal and founder of Vista), provided the equity.
“BCDC aims to partner with the best development teams in the country, and that was the case with Vista Residential Partners, who had the vision and delivered an outstanding community,” said Litt Glover, President and CEO, BCDC. “Sweetwater Vista’s performance, combined with its exceptional amenities and prime location, made an ideal opportunity for investors seeking to expand their portfolio. We congratulate the new Owner on its acquisition.”

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HOUSTON, TX – The trendsetting coliving multifamily project UNITi Montrose is topped out in Houston’s Montrose district. The nine-tale building developed by Civitas Capital Group’s residential development subsidiary The Shelter Companies will soon provide attainable rental housing in one of the most desirable submarkets of Houston. Constructed by general contractor Arch-Con Corporation, UNITi Montrose will be one of the first coliving developments in Houston, offering 161 private rooms within 48 shared suites. This is in addition to 190 traditional studio, one-, and two-bedroom units.
“Our team has spent more than five years researching and learning about coliving communities across the globe,” says Jorge Adler, Civitas’ Vice President, Investments. “For coliving concepts to work in the United States, and in Texas specifically, it is essential to find unique locations that are easily accessible by public transportation, within walking distance to a plethora of amenities, and within a small commute to major employment centers.”
Located at 701 Richmond Ave., UNITi Montrose is within two miles of the largest medical center in the world, downtown Houston, Rice University, the University of St. Thomas and three miles from the University of Houston.
The Shelter Companies is specifically focused on developing attainable forms of housing. They tapped Common, a leading operator of coliving communities in North America, to be the property manager for UNITi Montrose. Based in New York City, Common currently operates more than 5,000 units in 11 major cities. The average age of a Common renter is 29 and 50% are new to the city in which they live.
“Common was formed around the thought of coliving and has perfected every aspect of operating these types of properties,” Adler said. “From the way they market the buildings, to their leasing process, to how they curate community, there is no one better.”
UNITi Montrose will be fully furnished with amenities including routine cleaning services, basic household supplies, in-unit laundry, resident events at the property and larger events at the city level. Common will start preleasing in the second quarter of 2024 and UNITi Montrose is on track to open in the summer of 2024.
UNITi Montrose has 155,901 square feet of multifamily living on a 1.09-acre site. Six floors of multifamily sit on top of a 104,533-square-foot, three-level cast-in-place parking garage. Designed by Meeks Partners, the development includes 10,708 square feet of amenities, balconies, a fourth-floor pool and courtyard, a ninth-floor lounge and roof-top deck with views of downtown, and 3,822 square feet of retail space on the ground floor.

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