Mill Creek sold Modera Dadeland in March 2015. Modera Dadeland is a 350-unit Class-A market rate apartment community in Kendall, Florida. Comprising two mid-rise buildings with structured parking, the community features a state-of-the art clubhouse with a fitness center, cyber café, business center, social room, club-quality fitness studio including aerial yoga, a two-lane bowling alley, game room, courtyards and resort-style pool.
The apartments have nine-foot ceilings, sophisticated kitchens with energy-efficient stainless steel appliances, granite counters, chef islands, contemporary lighting fixtures, full-size washer and dryers, walk-in closets, ceiling fans and ceramic tile. The unit mix consists of studios, one- and two-bedroom apartments with average size of 861 square feet.
The location is equally ideal – it’s adjacent to the Dadeland Mall, a 1.5 million square foot shopping center – anchored by Nordstrom and Macy’s – in one of Miami’s most desirable mixed-use neighborhoods and a prototype for 21st century urban living. The site is ideally located at the interchange of Miami’s largest thoroughfares of US-1, SR 826 (Palmetto Expressway) and SR 878 (Snapper Creek Expressway), with over 200,000 average daily trips driving by the site.
Moreover, Modera Dadeland is within walking distance to the MetroRail – Miami’s primary mass transit system – within a mile to 3.5 million square feet of retail and 500,000 square feet of office space. Key employers in the area include University of Miami, Baptist Hospital, South Miami Hospital and the Miami International Airport.