Mill Creek Begins Lease-Up of Avenue H Apartments in Dallas
208 Luxury Apartments Offer Easy Access to Shopping, Dining, Downtown Dallas
DALLAS – January 14, 2015 – Mill Creek Residential, a leading multifamily developer, investor and operator specializing in premier apartment communities across the U.S.,today announced that it has begun leasing apartments at Avenue H, its newest community developed in a joint venture with an institutional investor advised by Sarofim Realty Advisors.
Strategically located along the Central Expressway in the Knox-Henderson district, the community features 208 apartment homes offering easy access to downtown Dallas and thousands of jobs, restaurants and retailers within a short walk or bike ride. The Knox-Henderson district offers one of the most pedestrian friendly lifestyles available in the Dallas metro area.
“This is the kind of location today’s sophisticated apartment resident is looking for – everything they need to live, work and play all within walking distance of an apartment community with lifestyle enhancing amenities and upscale apartment features and finishes,” says Jennifer Clark, regional director of operations for Texas at Mill Creek Residential. “We are honored to have the opportunity to add value to the neighborhood and our portfolio with the start of leasing apartment homes at Avenue H.”
Avenue H is just blocks from high-end shopping and dining destinations along Knox Street and Henderson Avenue, which are home to Pottery Barn, Abacus Restaurant, Apple Store and Crate and Barrel. Also within walking distance of the community are Katy Trail, a 3.5 mile paved trail for running and biking, and Abbott Park. To enable residents to take advantage of the amenities, the community operates a free bike share service for residents, who can check out cruiser bikes for a ride to nearby shops or along the popular Katy Trail.
Inside Avenue H, which offers studio, 1- and 2-bedroom apartment homes, residents enjoy a high-tech fitness center, clubhouse with conference center and coffee bar and a second-floor pool with sundeck. Avenue H is also a smoke-free community with door-to-door trash pickup and covered parking.
Each of the Dallas apartment homes showcase high-end finishes, such as wood-style flooring, stainless-steel appliances, granite countertops, ceramic top stoves, contemporary lighting and faux-wood blinds. Select apartment homes feature expansive 12-foot ceilings, granite kitchen islands, built-in computer desks and bookshelves and double vanities.
With the addition of Avenue H, Mill Creek currently owns and operates 560 apartment homes with an additional 507 apartments under construction in the Dallas market.
About Mill Creek Residential
Mill Creek Residential Trust LLC is a national multifamily company focused on the development, acquisition and operation of apartment communities in targeted markets nationwide. The company proactively pursues development, acquisition and construction opportunities through its seasoned team of real estate professionals in 14 offices across the United States. Mill Creek is building its portfolio in many of the nation’s most desirable apartment markets in Seattle, Portland, the San Francisco Bay area, Southern California, Denver, Dallas, Austin, Houston, South Florida, Tampa, Orlando, Atlanta, Washington, D.C., New Jersey, New York, and Boston. Currently, the company’s portfolio comprises 45 communities representing more than 14,000 apartment homes that are operating, under construction or in planning.
About Sarofim Realty Advisors
Sarofim Realty Advisors was founded in 1982 by Fayez Sarofim & Co. to serve institutional clients that wanted to invest in commercial real estate. Today, Sarofim Realty Advisors manages $3.2 billion in assets and has a strong team of investment professionals with proven expertise in all facets of real estate including retail, office, industrial, and multifamily. The firm has developed a superior in-house research group focused on applied research that leverages the firm’s real estate professionals and ensures targeted, disciplined investing. Clients include a diverse and distinguished list of endowments, foundations and other institutions, including some of the nation’s largest pension funds. The firm is a wholly owned corporate subsidiary of Fayez Sarofim & Co., a nationally recognized investment advisory firm specializing in the management of equity investments on behalf of institutions and individuals since 1958.