Coral Springs, FL Preconstruction

Through its affiliate MCREF MFR 1 Coral Springs II LLC, Mill Creek Residential has strengthened its position in South Florida’s thriving real estate market with the $13 million purchase of a prime multifamily development site in Coral Springs. The 2.91-acre property, located within the Cornerstone mixed-use development at 3310 North University Drive, presents a strategic opportunity for future growth. Coral Sample LLC, represented by Rod Sheldon of Boca Raton-based Predesco and Arctrust Investment Manager of Clifton, New Jersey, facilitated the sale. At $102 per square foot, the transaction underscores the site’s high-value potential in this sought-after location.

According to initial reports by the South Florida Business Journal, plans for the site include an eight-story apartment building designed by Dorsky + Yue International Architecture, featuring 361 contemporary residential units. The development will also offer 24,200 square feet of ground-floor retail and restaurant space, enhancing its appeal as a live-work-play destination. Resident-focused amenities will include a clubhouse, swimming pool, fitness center, and a sky terrace with sweeping views of the area.

This acquisition marks Mill Creek Residential’s second phase of investment in the Cornerstone development, complementing its ongoing project, Modera Coral Springs, on the southern portion of the property. That development, with 351 apartments and 17,329 square feet of retail space, is poised to elevate modern urban living standards.

Cornerstone is fast becoming a catalyst for Coral Springs’ growth, and this latest move reinforces its role as a dynamic urban center. City leaders anticipate the development will help establish a vibrant downtown district, boosting economic activity and fostering community engagement.

With nearly 20 high-profile projects in the region, Mill Creek Residential has cemented its reputation as a leading force in South Florida real estate. Known for its commitment to high-quality, innovative residential developments, the company continues to shape the area’s evolving skyline. As Mill Creek expands its presence, its contributions will further drive South Florida’s prosperity and urban transformation.