Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera Kierland, a contemporary mixed-use apartment community in the upscale Kierland neighborhood.
The community, Mill Creek’s first in the Phoenix metro, will feature different living opportunities in two separate buildings with a combined 438 homes and 14,891 square feet of ground-floor retail space. Modera Kierland will offer views of the McDowell Mountains to the east and overlook the Kierland Golf Course and Camelback Mountain to the west and south. An official groundbreaking ceremony is tentatively scheduled for late October and first move-ins are anticipated for spring 2025.
“We’ve long admired the Kierland area and North Scottsdale and cannot adequately express how excited we are to officially join the market with Mill Creek’s flagship development in the Arizona market,” said Tyler Wilson, managing director of development in Arizona for Mill Creek Residential. “Modera Kierland will be a unique development with two buildings offering a distinct ambiance and living experience. The market-rate community in the project’s east building will be a haven for renters seeking a fun and edgy living experience, while the west building will cater to a more sophisticated renter looking for larger luxury homes in a more boutique building, which will include amenities and services targeted at urban downsizers and work-from-home professionals seeking something special.”
Situated at 7171 E. Paradise Lane, the community is walkable to both Kierland Commons and the Scottsdale Quarter retail and entertainment hubs. Modera Kierland will feature a public community park at the main entry and put residents within steps of a walking trail that winds through the neighborhood. The community is also approximately two miles from the 101 Freeway, which provides connectivity to the greater Phoenix area.
The east building contains 257 homes and will be situated above the community’s retail space along the Scottsdale Road frontage, with a traditional mix of apartment homes and a generous average square footage of 955 per home. Common-area amenities will include a large pool courtyard, outdoor bar, gaming areas and rooftop deck. The west building contains 181 homes and will run along the Kierland Golf Course and hiking trail and feature amenities for residents looking to downsize out of larger homes. Amenities will include private dining, chef's presentation areas, a sauna and health club, and additional wellness-inspired amenities. Homes in the west building will boast an average size of 1,233 square feet.
Modera Kierland will offer one-, two- and three-bedroom homes with den, loft and penthouse layouts available. Thirty-eight homes will feature private rooftop patios. Home interiors will be equipped with a variety of deluxe features, including nine-foot ceilings, wood plank-style flooring, stainless-steel appliances, quartz countertops, tile backsplashes, soft-close cabinets, pendant lighting and upgraded fixtures. The community will also include a variety of smart features, including Honeywell thermostats, controlled-access entry, digital package lockers and EV charging stations.
Residents will also have access to an onsite pet park and pet spa, bike lockers, dedicated bike storage and additional storage spaces.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the acquisition by its Mill Creek Multifamily Value-Add Fund of Alister Lake Lynn, a garden-style apartment community in Northwest Raleigh.
The three-story community, which features 312 apartment homes, is situated just off of Creedmoor Road and sits within the city’s picturesque Northwest area, which is notable for its established neighborhoods with green spaces, tree-lined streets and comfortable ambiance. Alister Lake Lynn benefits from its close proximity to major jobs centers in Raleigh, including the country’s largest research park (Research Triangle Park – “RTP”), Downtown Raleigh (the state capital) and Rex Hospital. Situated at 6421 Campus Drive, Alister Lake Lynn puts residents less than three miles from the popular Crabtree Valley Mall and within a quick commute of many dining and retail options including those at North Hills. Additionally, Lake Lynn Park is located one mile west of the community and features several sports facilities and a 2.8-mile greenway that surrounds the lake.
Propelled by world-class access to talent from three tier-one research universities (NC State University, Duke and the University of North Carolina) and an established innovation-based economy as the home of RTP, Raleigh-Durham (also known as the Triangle) is one of the fastest growing regions in the nation. Its population grew 92% since 2000. Lauded for its relatively low cost of living, highly educated workforce, cutting-edge healthcare and stable local and state governments, the region is attracting economic investment and corporate relocations/expansions.
“We’ve always been a fan of the Raleigh market and the Carolinas in general,” said Jaymie O’Harrow, vice president of acquisitions for Mill Creek Residential. “We’re excited to join the neighborhood, which serves as an ideal backdrop for a comfortable, enjoyable living experience. We believe our upgrades and our team’s trademark service levels will elevate Alister Lake Lynn to a top-of-market living option, and we’re eager to acquaint ourselves with our new residents and the neighborhood.”
Alister Lake Lynn offers one-, two- and three-bedroom homes with various layouts available. Community amenities include a resort-inspired swimming pool, sundeck with shade structures, two resort-style tennis courts, pet park, business center with coworking lounge, WiFi-enabled clubhouse and a 24-hour club-quality fitness center. Residents also have access to valet trash service, a recycling center, an onsite car care center and rentable carports.
Home interiors include nine-foot ceilings, energy-efficient stainless-steel appliances, gas ranges, granite countertops, tile backsplashes, wood plank-style flooring, modern fixtures and finishes, in-home washers and dryers, fireplaces, spacious closets and private patios or balconies. Select homes offer soaking tubs, and third-floor homes include loft layouts.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the start of move-ins at Modera Six Pines, a wellness-inspired apartment community in The Woodlands, an affluent and charismatic neighborhood 27 miles north of Houston.
Modera Six Pines, which consists of 429 apartment homes, a refined suite of amenities and high-end interior finishes, is part of an 11-acre master-planned development that also features a Life Time Fitness health center. Possessing a sophisticated European chic aesthetic, the five-story podium-style community is optimally situated just north of The Woodlands Town Center, home to a wide variety of retail, dining and entertainment options.
“The Woodlands continues to become one of the most desirable living areas in the Houston area, and we’re excited to welcome our first residents to Modera Six Pines—our first community in this thriving submarket,” said Jeb Cox, senior managing director of development in Houston and Austin for Mill Creek Residential. “We’re prepared to deliver a best-in-class experience and believe the thoughtful architecture, top-of-market amenity spaces and comfortable home interiors will complement the refined vibe of the neighborhood. Modera Six Pines is an ideal location for those seeking both proximity to the city and a relaxed living experience outside the urban core.”
Situated at 8900 Six Pines Drive in Shenandoah, Modera Six Pines is within one mile of The Woodlands Mall, Lake Woodlands Crossing and Market Street, an award-winning mixed-use town center with a movie theater and day spa. Additionally, the nearby Woodlands Waterway features a pedestrian walkway, public art walk and year-round koi garden. Multiple parks are also easily accessible, making the area a haven for outdoor enthusiasts.
The community is also situated less than a half-mile off Interstate 45, which provides access to the greater Houston area and its thriving employment centers. Notable nearby employers include Woodlands Hospital, Baker Hughes, Exxon Mobil and Entergy Texas.
Modera Six Pines offers studio, one-, two- and three-bedroom homes with den and penthouse layouts available. Community amenities include a resort-inspired swimming pool, barbecue stations, two landscaped courtyards, high-end lobby with reading nooks and coffee bar, bar area with resident lounge, game room, catering kitchen with dining room, dog park and pet spa, onsite library and two-level co-working spaces with private offices and a conference room.
As part of the community’s emphasis on health and wellness, Modera Six Pines features a two-story fitness center with TRX system, group fitness area, cardio/weight stations and a yoga/Pilates studio. Residents also have access to dedicated bike storage, a loaner bike program, additional storage space, valet dry cleaning, Fetch package service and controlled-access garage parking with EV charging stations.
Home interiors are equipped with keyless entry, plank-style flooring, chef-style kitchens with granite countertops, energy-efficient stainless steel appliances, tile backsplashes, 42-inch custom cabinetry, pendant lighting, in-home washers and dryers, smart thermostats and private patios or balconies. Select homes offer kitchen islands, double-vanity bathroom sinks, freestanding soaking tubs and linen closets.
Modera Six Pines adds to Mill Creek’s emerging presence in the Houston area, which also includes Modera Flats and Modera Washington. Mill Creek also recently broke ground on Modera Cottingham on the south side of the city and Modera Garden Oaks near the Oak Forest neighborhood.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera Georgetown, a garden-style community located in Georgetown, Texas—America’s fastest-growing city—north of Austin.
The three-story community, which will feature 318 apartment homes, is part of Highland Village, a master-planned community comprising 299 single-family homes, 32 acres of commercial development, three acres of parkland and a recreational trail system. First move-ins are anticipated for late 2023.
“We’re excited to join the desirable Georgetown market and eager to provide much-needed rental housing to the area,” said Bart Schaetter, managing director of development in Austin for Mill Creek Residential. “Modera Georgetown will offer residents the best of both worlds—Texas Hill Country-inspired luxury living in a small-town, family-friendly surrounding while being in close proximity to all the big-city amenities and employers. We believe the community’s modern farmhouse architectural design coupled with its high-end interior finishes will be well-received by prospective renters.”
Situated at 29600 Ronald Reagan Boulevard, the community is connected to the greater Austin metro area via Interstate 35 and SH-130—both within a short drive. Georgetown’s historic town square and the surrounding area are home to numerous restaurants, craft breweries, entertainment venues and cultural attractions. The community sits within two miles of Sun City Texas, within four miles of popular Lake Georgetown and 10 miles from the city’s primary shopping district, which includes The Summit at Rivery Park, Rivery Towne Crossing, Wolf Ranch Town Center and more.
Modera Georgetown will offer one-, two- and three-bedroom homes with a sizable average square footage of 914 with various layouts available. Community amenities will include a resort-style pool with tanning ledge, grilling area, resident clubhouse with work-from-home spaces and coffee bar, landscaped courtyards shaded by heritage oak trees, pickleball courts, onsite pet park and pet spa, playground, common area WiFi and a club-quality fitness center with cardio equipment and yoga/Pilates studio.
Apartment interiors will include nine-foot ceilings, wood plank-style flooring, stainless steel Energy Star appliances, granite countertops, pull-down faucets, tile backsplashes, under-cabinet lighting, in-home washers and dryers and walk-in closets. Bathrooms will include soaking tubs and tile surrounds. Select homes will feature double vanities.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera Academical Village, a contemporary mixed-use apartment community in the western Broward County market.
The community, which will be developed in two phases in conjunction with equity partner FCP, will feature a combined 793 apartment homes and approximately 16,000 square feet of ground-floor retail space. Positioned just east of S. University Drive and just west of Nova Southeastern University, Modera Academical Village is the residential component of the larger Academical Village Master Plan, which will ultimately include 2.5 million square feet of premier retail, residential, hotel, office and medical space.
First move-ins for Phase I, which will include 397 homes, are anticipated for fall 2024. Phase II will include 396 homes with start of construction targeted for April 2024 and first move-ins for summer 2026.
“We’re excited to be a part of this unique master-planned village, which we believe will be among the most attractive and charismatic locales in the area,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek Residential. “While we’re prepared to offer the quintessential Modera by Mill Creek experience to our residents, we also are eager to do our part to enhance the village as a whole. With the NSU campus and newly-opened University Hospital essentially in our backyard, we’ll be in an active area with many exceptional employment opportunities within walking distance.”
Situated at 3440 SW 76 Terrace, Modera Academical Village is being built to a National Green Building Standard silver certification level. When complete, the surrounding Academical Village will include a tree-lined central boulevard that intersects a road that circles the NSU campus, a pedestrian bridge connecting to the campus and a large outdoor plaza with fountains and outdoor seating areas.
With its proximity to S. University Drive, the area’s key north-south thoroughfare, the site boasts an extremely commuter-friendly location. All of South Florida’s primary expressways are easily accessible, including Interstates 595, 75 and 95 along with the Florida Turnpike. Many of the area’s key employment centers, schools and medical facilities are within a short commute and Fort Lauderdale-Hollywood International Airport sits 10 minutes away. Within the western Broward County area, future residents will have access to an abundance of key retailers, a wide variety of dining options and grocers.
Modera Academical Village will offer studio, one-, two- and three-bedroom apartment homes with den layouts available. Community amenities will include an outdoor swimming pool with grilling area, rooftop deck, outdoor dining, resident clubhouse, onsite dog park and pet spa, landscaped courtyards and a club-quality fitness center with cardio equipment, group fitness area, yoga/Pilates studio and TRX system. Residents will also have access to coworking spaces and a conference room, a package locker system, community wide Wi-Fi, controlled entry and guest access, garage parking, EV-charging stations, dedicated bike storage and opportunities for additional storage space.
Apartment interiors will include nine-foot ceilings, wood plank-style flooring, stainless steel appliances, quartz countertops, tile backsplashes, pull-down faucets, kitchen islands, soft-close cabinets, in-home washers and dryers, walk-in closets, built-in shelving, USB ports, keyless entry system and smart thermostats. Bathrooms will include double vanities, linen closets, soaking tubs and additional high-end features.
Modera Academical Village adds to Mill Creek’s robust South Florida presence, as the company continues to bolster its portfolio in Miami, Fort Lauderdale and the surrounding area.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera Cottingham, a multi-building apartment community spanning 16 acres in south Houston.
The sprawling three-story community, which will feature 360 contemporary apartment homes contained within 11 buildings and an expansive clubhouse, will be developed on the southwest corner of Cottingham Street and Schurmier Road. First move-ins are anticipated for spring 2023.
“Modera Cottingham will offer a location that provides convenient access to many of Houston’s key employment centers without the exorbitant price tag of many of the city’s other emerging neighborhoods,” said Jeb Cox, senior managing director of development in Houston and Austin for Mill Creek Residential. “We look forward to getting started on this development, which will benefit from the area’s sustained growth, rapid influx of petrochemical development and massive amount of surrounding employment opportunities.”
Situated at 13958 Cottingham Street, Modera Cottingham will sit just north of Beltway 8 and just over 10 miles south of the Texas Medical Center, home to a wide range of employment opportunities and responsible for much of the recent growth in the southeastern portion of the city. The community also will sit within 13 miles of the Port of Houston, one of the nation’s most active ports, and six miles north of the affluent city of Pearland. Modera Cottingham will also be adjacent to the forthcoming location of South Belt Central Business Park—the future home to more than 3.5 million square feet of industrial business space.
Modera Cottingham will offer one- and two-bedroom homes with an average square footage of 1,026 and various layouts available. Community amenities will include the 5,000-square-foot clubhouse, outdoor swimming pool, grilling area, outdoor kitchen, pool table, free WiFi, 24-hour fitness studio, conference room, landscaped courtyards and rentable private garages. The pet-friendly community will also feature an onsite dog park and dedicated dog run.
Apartment interiors will include a variety of features, including wood-plank style flooring, nine-foot ceilings, ceiling fans, stainless steel appliances, electric ranges, granite countertops, kitchen islands, 42-inch custom cabinetry, central heating and air, spacious bedrooms, walk-in closets and full-sized in-home washers and dryers. Bathrooms will include tile surrounds and linen closets.
Modera Cottingham will add to Mill Creek’s presence in Houston. Others communities include Modera Flats, Modera Washington and Modera Waugh, which recently broke ground near the River Oaks neighborhood.
