Origin, Mill Creek Teaming Up on 190-Unit Scottsdale Rental Community

Origin Investments and its partner, Mill Creek Residential, are planning to build Modera Old Town, a 190-unit multifamily development in an Opportunity Zone in Old Town Scottsdale. Construction on the new community will begin in October, with completion in mid-2029.

This new development represents the second venture between Origin and Mill Creek Residential. Origin and Mill Creek’s first development is Modera Higley Commons, a 276-unit community development in Gilbert, Ariz. The new community was completed earlier this year and currently is 87% leased.

Modera Old Town will offer amenities including a pool, an outdoor kitchen, poolside cabanas, lounge seating, an outdoor grilling and entertainment area with a fire feature, a resident clubhouse, an entertainment lounge, modern dining and bar space, and a fitness center. Additional offerings include high-end coworking spaces and private conference rooms.

For Origin, Modera Old Town represents the final investment in its Opportunity Zone Fund III and its 22^nd overall opportunity zone development announced by Origin.