The booming River North Art District is in line for more housing as Mill Creek Residential has acquired a 1.3-acre property near the intersection of 28th and Blake streets to build approximately 180 apartments.

Previous owner T.O.D. Properties announced the sale of the parcel Tuesday via a news release. Details of the deal were not disclosed.

Mill Creek plans to break ground on the development — called Modera River North Arts — by the end of the first quarter of this year and complete the last units by the end of 2017.

The site, 2850 Blake St., formerly housed an industrial building that T.O.D. had considered for redevelopment, according to Scott Watkins, principal at T.O.D. Properties.

“Due to a few site challenges for our intended use, the inability of the state legislature to reform construction defect liability issues last year, and the continued demand for rental properties, it made sense to let this go to an experienced multifamily developer,” Watkins said in the release.

Mill Creek Residential has developed more than 15,000 units in several markets and is already at work on another RiNo apartment complex at 2860 Brighton Blvd. that will add 362 apartments.

“This site is a very desirable piece of real estate in the Denver area and represents a rare opportunity to develop a unique and creative community in the heart of Denver’s hottest submarket,” said Brian Wynne, managing director for Mill Creek Residential in a release. “It will be a unique community as it is a smaller, more boutique apartment development for the neighborhood.”