Texas-based Mill Creek Residential Trust LLC has announced its plans to purchase a 1.7-acre parcel in Creative Village for an estimated $5.5 million.

According to a release sent to us earlier this week, the company is planning to develop a market-rate apartment community with 250-300 homes and ground-floor commercial space in the new Parramore development.

Mill Creek Residential (Website) has agreed to a final contract with the Creative Village team and the contract will be submitted for City approval at the upcoming City Council meeting on April 16.

This is the same developer behind Modera Central, the 22-story mixed-use apartment tower we wrote about last week HERE.

Brendan O'Connor

Editor in Chief of Bungalower.com

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