Mill Creek Residential Trust plans to build Modera Hollywood, an eight-story apartment complex with 395 units on the southwest fringe of downtown Hollywood.
The Boca Raton-based developer unveiled plans for the project at the company’s preliminary meeting on Monday with the city’s 11-member Technical Advisory Committee, or TAC.
Mill Creek will respond to comments by members of the committee in a final TAC meeting, then seek approval of its Hollywood project from the city’s planning and development board, said Dwayne Dickerson, an attorney for the developer.
“This project should not go to [Hollywood] City Commission unless there’s a call-up,” Dickerson said, referring to the commission’s option to “call up” decisions by the planning and development board for review. Mill Creek is not proposing to rezone or replat the 3.1-acre development site, he said.
Mill Creek has a contract to acquire the development site on the southwest corner of Jackson Street and South Dixie Highway, John Grimaldi, Mill Creek’s vice president of development, told The Real Deal after the TAC meeting. He declined to disclose the contract price for the multi-parcel site at 400 South Dixie Highway, 2200 Jackson Street, and 2110, 2117-2119, and 2120 Anton Terrace.
The total cost of developing Modera Hollywood will be $80 million, and the 420,110-square-foot apartment complex is expected to open for occupancy in April 2027, according to a development application Mill Creek filed with Hollywood.
Mill Creek will charge market rate rents for all the apartments at Modera Hollywood, Grimaldi said. The exact amounts have yet to be determined, he said.
The undulating height of Modera Hollywood will be five stories along South Dixie Highway, eight stories in the mid-section of the complex along Jackson Street, and three stories on the multifamily project’s west side.
Modera Hollywood’s design currently has 395 apartments, but the number could change because city officials want Mill Creek to dedicate part of the development site’s north side along Jackson Street as a five-foot-wide right of way.
“We’ll have to look at that and see how we can work within the bounds of that, or ask for relief, if necessary,” Dickerson told the TAC members.
“If we were to provide a five-foot [right of way] dedication on the north side, we would effectively make what is already a pretty narrow site even narrower,” Grimaldi told the committee.
“If we have to set the building back five feet from that new line, that’s going to require a significant redesign,” he said. “We’ve got units on the north side that screen that [parking] garage. They are liner units, and we would basically lose them, and we’d probably wind up with an open-air garage.”
Long active in South Florida, Mill Creek this month broke ground and obtained $107.5 million in construction financing for Modera Aventura, its 16th rental development in Miami-Dade, Broward and Palm Beach counties.