Rental developer Mill Creek Residential announced it broke ground on Modera Rio Salado, an apartment community in North Tempe.

“Modera Rio Salado represents the last institutional multifamily development opportunity in the immediate area, and we look forward to getting started on this wonderful community,” said Fred Hood, vice president of development for Mill Creek Arizona.

Located at 835 W. Rio Salado Parkway, the apartment community will feature 319 units and over 14,000 square feet of amenity space upon completion. Floor plans will range in size from one to three bedrooms. Move-ins are anticipated for mid-2025.

Modera Rio Salado marks Mill Creek’s third development in Arizona.