Mill Creek Pulls $68M Permit for Modera Aventura South

Mill Creek Residential is the developer behind a $68 million building permit issued for a 250-unit tower at 2681 NE 191st Street in Ojus, just north of Aventura, though the county record itself names only a shell. Miami-Dade RER permit 2026072044, issued September 16, lists the applicant as Aventura South LLC, a title entity with no public track record. Sunbiz filings show Aventura South LLC’s authorized manager is Aventura South Venture LLC, registered at 4855 Technology Way, Suite 400 in Boca Raton, the same address as Mill Creek Residential’s headquarters. The site is also the publicly reported location of Mill Creek’s Modera Aventura South, the second phase of its Modera Aventura community, which broke ground in 2025.

Why it matters

An LLC title entity is never a name, and this permit is a clean example of why developers need the record read alongside the trade coverage. The $68 million valuation and 466,503-square-foot scope now attached to the county’s official building permit gives Modera Aventura South a hard construction-cost data point that was not previously public, distinct from the roughly $130 million total project figure reported when the venture broke ground. For anyone underwriting apartment construction costs in the Ojus and Aventura submarket, a permitted valuation of about $272,000 per unit on a nine-story, garden-to-mid-rise product is now a comparable.

The numbers

Permit 2026072044 covers new construction of a 466,503-square-foot, nine-story multifamily building with 250 units, valued at $68,000,000. The listed contractor of record is The Window Guys Of Florida Inc. That unit count sits just below the 251 apartments Mill Creek reported at groundbreaking, a gap likely reflecting a late design revision rather than a different project, given the matching address, floor count and phase name.

What’s next

Track the Miami-Dade RER portal for any amended or closeout permits at this address that would reconcile the 250-versus-251-unit discrepancy, and watch for a certificate of occupancy as Mill Creek targets 2027 completion. For the broader Miami multifamily pipeline, this permit is a marker of how much construction cost per unit institutional developers are absorbing on infill Ojus sites even as the submarket’s overall apartment supply keeps climbing.