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FCP Backs 384-Unit Aventon Wesley Chapel Development in Fast-Growing Tampa Submarket

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Florida housing market finds brighter spots as supply improves and construction cools

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    FCP Backs 384-Unit Aventon Wesley Chapel Development in Fast-Growing Tampa Submarket

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Florida Real Estate Market

Modera Downtown Boca Breaks Ground, Bringing Over 300 Upscale Residences to Heart of City

September 29, 2025
Construction of Modera Downtown Boca apartment complex.
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Mill Creek Residential has officially broken ground on Modera Downtown Boca, a significant new development poised to introduce over 300 homes to the vibrant downtown area. This project, co-developed with Group P6, promises a blend of modern living with a comprehensive suite of amenities, aiming to become a premier choice for renters in Boca Raton.

Key Takeaways

  • Construction has commenced on Modera Downtown Boca.
  • The development will feature over 300 homes, including studios, one-, two-, and three-bedroom units, penthouses, and townhomes.
  • Residents can expect high-end finishes and a wide array of community amenities.
  • Move-ins are anticipated to begin in the spring of 2028.

A New Era of Downtown Living

Modera Downtown Boca is set to offer a diverse range of living options, from efficient studios to spacious three-bedroom residences, including select den layouts, luxurious penthouses, and townhomes. Each unit is designed with modern comforts in mind, featuring nine-foot ceilings, expansive windows, keyless entry systems, and private patios or balconies, ensuring a sophisticated living experience.

Unparalleled Community Amenities

Beyond the individual residences, Modera Downtown Boca will boast an impressive collection of community amenities designed to enhance residents’ lifestyles. These include a resort-style pool, a rejuvenating sauna and steam room, a dedicated dog run and pet spa for furry companions, and a specialized Pilates studio. This focus on wellness and convenience aims to set a new standard for apartment living in the area.

Developer’s Vision

John Grimaldi of Mill Creek Residential expressed enthusiasm for the project, stating in a press release, "We’re eager to get started on Modera Downtown Boca, which we believe will serve as a genuinely unique option for an upscale living experience." He highlighted the development’s position as one of the few new constructions in the vicinity, offering top-tier finishes and amenities that are not commonly found. Mill Creek Residential looks forward to integrating into the neighborhood and becoming a leading rental destination.

Project Approval and Timeline

The project received a significant boost earlier this summer when the city’s Community Redevelopment Agency voted in favor of its community plan approval. Developers are now working towards a projected timeline, with the first residents expected to move in by the spring of 2028, marking a new chapter for downtown Boca Raton’s residential landscape.

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