Mill Creek Announces Groundbreaking of Modera Biscayne Bay

Luxury Mixed-Use Development Community Will Feature 296 Apartment Homes, Retail

MIAMI – May 9, 2019 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the groundbreaking of Modera Biscayne Bay, a luxury mixed-use apartment community located at the convergence of Miami’s vibrant Edgewater and Omni Arts and Entertainment neighborhoods.

The 27-story high-rise, which will feature 296 apartment homes and 11,000 square feet of retail space, will boast spectacular views of Biscayne Bay and the surrounding shoreline. As part of the development, Mill Creek is expanding Bayshore Drive to connect to 22nd Street, with the high-rise community spanning Bayshore Drive. First move-ins are anticipated for spring 2021.

“The Miami waterfront neighborhoods possess a truly distinctive vibe, and we believe Modera Biscayne Bay is positioned to absorb the entire ambiance with unmatched views of the barrier islands and city skyline,” said Jeff Meran, Senior Managing Director for Mill Creek.

Situated at 412 NE 22nd Street, the community sits one block from Margaret Pace Park along the waterfront and within walking distance of Midtown Miami, Miami Design District and the Wynwood district. The community is uniquely positioned nearby many of Miami’s strongest employment drivers, including the Brickell financial district and the Miami Health District.

Modera Biscayne Bay is commuter-friendly from its location just east of Biscayne Boulevard and between Interstates 195 and 395, highways that link to the I-95 Express and provide connectivity to the greater metropolitan area and its various shopping, dining, and entertainment options. The community possesses a superb Walk Score of 93 – a “walker’s paradise” – with pedestrian access to many of the area’s local restaurants and retailers. In addition to the vast walkable options, Bayfront Park and Bayside Marketplace shopping center are less than two miles from the community.

Modera Biscayne Bay will offer one-, two- and three-bedroom homes with den and penthouse layouts available. Community amenities will include a 27th-floor amenity deck, rooftop pool, barbecue area, club-quality fitness studio, yoga/Pilates studio, resident clubhouse, internet lounge, conference room and coffee bar. Residents also have access to digital package lockers, additional storage areas, bike storage and eight stories of secure structured parking.

Apartment interiors will have condo-quality finishes, including Energy Star® stainless steel appliances, quartz countertops, porcelain tile flooring, upgraded fixtures, tile backsplashes, in-home washers and dryers, walk-in closets, WiFi thermostats and private patios or balconies. Select homes feature 15-foot ceilings, breakfast bars, double vanities, linen closets and built-in storage/shelving.

Including Modera Biscayne Bay, Mill Creek has developed seven communities in Miami. Others include Modera Douglas Station, Modera Metro Dadeland, Modera Riverhouse and Modera Edgewater.

Media Contact
Samantha Chalmers
LinnellTaylor Marketing
303.682.5001
Samantha@LinnellTaylor.com

Mill Creek Announces Expansion Into Nashville Market

Luca Barber Named Vice President of Development for New Regional Office

NASHVILLE – May 8, 2019 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment and mixed-use communities across the U.S., today announced its expansion into the Nashville market.

Mill Creek’s regional office in Music City will mark the company’s 15th in the U.S. Luca Barber will serve as the Vice President of Development for Nashville and head up the regional office.

“Nashville is a vibrant market that is well positioned for accelerated growth in the near future due to its strong economy, aggressive expansion plans and popularity,” said Chad DuBeau, Senior Managing Director of Development in Atlanta and Nashville for Mill Creek Residential. “We believe Luca is a great fit to lead our new Nashville office and our expansion into the market.”

Barber has experience in the Nashville market, having served as the Vice President of Development and Acquisitions in Nashville for Lincoln Property Company prior to joining Mill Creek. Since 2010, Barber has participated in more than $3.5 billion of commercial real estate transactions and has a background in mixed-use development, acquisitions and multifamily investment sales. Barber will be responsible for overseeing the development process of the entire Nashville pipeline, including sourcing, entitlements and design of new multifamily development opportunities in the region.

“Mill Creek has always been on the cutting edge of development, and I’m excited to join an industry leader with such a robust track record,” said Barber, who holds a Masters of Business Administration from North Carolina’s Kenan-Flagler Business School. “Over the last few years, I’ve watched Nashville become one of the most popular destinations in the country, as people have recognized the incredible living experience and employment base it has to offer. I look forward to working with Mill Creek to cultivate its niche in this great city.”

Barber’s experience also includes positions with MetLife Real Estate Investors in Atlanta, Jones Lang LaSalle in Washington, D.C. and Roseland Property Company in the New York Tri-State Area prior to operating in the Nashville market with Lincoln Property Company.

Mill Creek has been active in the southeast, particularly in the nearby Atlanta market with nine communities either in development, under construction or completed. The company has concentrated on mixed-use concepts for low-rise, midrise and high-rise developments and expects to maintain that focus in the Nashville market.

Media Contact
Samantha Chalmers
Linnell Taylor Marketing
303.682.5001
Samantha@LinnellTaylor.com

Mill Creek Announces Start of Preleasing at Modera Edgewater

Luxury Development Community Features 297 Apartment Homes, Prime Miami Locale

MIAMI – May 7, 2019 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., along with their partner Rockwood Capital, today announced the start of preleasing at Modera Edgewater, a luxury apartment community located in Miami’s emerging Edgewater neighborhood steps from Biscayne Bay.

The eight-story community, which features 297 apartment homes, is situated just north of Downtown Miami and boasts a centralized location with easy access to vibrant locales such as the Miami Design District, Midtown Miami and the Wynwood arts district. First move-ins are anticipated for summer 2019.

“The Miami market continues to thrive, and Edgewater has become one of the most attractive neighborhoods within the city,” said Jeff Meran, Senior Managing Director for Mill Creek. “We believe the prime location of Modera Edgewater coupled with the community’s deluxe finishes and amenities will create a quintessential Miami luxury living experience for our residents.”

Located at 455 NE 24th Street, Modera Edgewater is within 100 yards of the shoreline and features stunning views of Downtown Miami and South Beach, which is located across Biscayne Bay. The neighborhood is surrounded by a vast array of dining, shopping and entertainment options and within a short drive of many of the city’s primary employment centers, including the Miami/Brickell Financial District and the Health District. The Financial District has been dubbed “Wall Street South” and the Health District contains the country’s second largest concentration of medical and research facilities.

The community boasts a Walk Score of 87, signifying a highly walkable location with pedestrian access to many of the area’s restaurants, retail and conveniences. Numerous public transportation options are accessible from the community, including the Miami Trolley, and nearby recreation choices include Margaret Pace Park and Bayfront Park. In addition, Bayside Marketplace shopping center is two miles south and Marlins Park just over three miles southwest of the community.

Modera Edgewater consists of studio, one-, two- and three-bedroom homes with den and penthouse layouts available. Amenities at the pet-friendly community include a 24-hour club-quality fitness studio with personal training and fitness classes, rooftop pool deck and summer kitchen with bay views, 24-hour on-demand package delivery, virtual reality gaming room and an expansive clubhouse. Residents will also have access to a steam room and sauna, controlled-access garage parking, and a business center with conference rooms, computer stations, an internet lounge, and WiFi.

Apartment interiors are furnished with quartz countertops, Energy Star® stainless steel appliances, nine-foot ceilings, custom cabinetry with under-cabinet lighting, tile surrounds, upgraded fixtures, in-home washers and dryers, Nest thermostats and other smart-home features. Select homes will include large pass-through closets, built-in storage/shelving, additional undercounter fridge, 10-foot ceilings and private patios or balconies.

Including Modera Edgewater, Mill Creek has developed six communities in Miami. Others include Modera Douglas Station, Modera Metro Dadeland and Modera Riverhouse.

About Rockwood Capital
Rockwood Capital, LLC (Rockwood) is a real estate investment management firm founded in 1995 that provides equity capital combined with real estate operating expertise for the repositioning, recapitalization, development and redevelopment of residential, office, research and development, retail and hotel space in key markets throughout the United States. Rockwood and its principals have invested on behalf of their clients approximately $29.6 billion of real estate through commingled funds and separate accounts. Rockwood is a 73-person organization with offices in New York, NY, San Francisco, CA, and Los Angeles, CA that manages a portfolio of approximately $3.8 billion of net equity value in approximately $7.4 billion of gross real estate value as of 9.30.2018. Rockwood’s investors include sovereign wealth funds, public and private pension funds, endowments, foundations, insurance companies, funds of funds, high net worth individuals and family offices.

Media Contact
Samantha Chalmers
LinnellTaylor Marketing
303.682.5001
Samantha@LinnellTaylor.com

Mill Creek Announces Start of Preleasing at Modera Cap Hill

Denver-Based Luxury Development Community Features 197 Apartment Homes

DENVER – April 30, 2019 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of preleasing at Modera Cap Hill, a luxury apartment community located in Denver’s Capitol Hill neighborhood.

The podium-style community, which features 197 apartment homes and two levels of below-grade parking, is situated in one of the city’s most walkable and bikeable locales. Positioned south of Downtown Denver and just blocks from the State Capitol Building, the location boasts a Walk Score of 93 and Bike Score of 97 – considered to be a “paradise” for walkers and bikers. First move-ins are scheduled for June.

“The Capitol Hill neighborhood contains a little bit of everything, with high-end shopping and dining, recreational options and a prime nightlife scene all within reach,” said Brian Wynne, Senior Managing Director for Mill Creek. “Modera Cap Hill will offer a peaceful respite with a boutique hotel feel, which we believe will equate to one of the finest living experiences with some of the most attractive views in the city.”

Located at 1200 Grant Street, Modera Cap Hill includes an elevated resort-style pool and spa deck, offering stunning views of downtown and the Rocky Mountains. The eight-story community features prime access to Civic Center Park, Cheesman Park and Denver Botanic Gardens. The neighborhood is surrounded by some of Denver’s most prevalent dining, shopping and entertainment options, including a multitude of options along the 16th Street Mall, South Broadway, Cherry Creek and the emerging Uptown neighborhood.

With additional nearby attractions ranging from art districts to rustic music halls and high-end sports venues, the neighborhood is flanked by Colfax Avenue to the north and Speer Boulevard to the southwest, which serve as two of the primary downtown thoroughfares. Interstates 25 and 70, along with 6th Avenue, are a short drive from the community and provide connectivity to the additional key locales and employment centers throughout the metro area.

Modera Cap Hill consists of studio, one-, and two-bedroom homes with an average square footage of 783 and townhome layouts available. Additional community amenities include a club-quality 24-hour fitness center, pet spa, resident clubhouse with game room, coffee bar and conference room. The pool deck offers grills and a firepit. Residents also have access to dedicated bike storage and loaner bikes.

Apartment interiors are delivered with wood plank-style flooring, 9- to 10-foot ceilings, Energy Star appliances, quartz countertops, pendant lighting, tile backsplashes, built-in storage and shelving, French door refrigerators, full-size washers and dryers, urban mudrooms and bike storage systems. Select homes offer separate dining areas, pantries, Roman-style tubs, linen closets and private balconies or patios.

Including Modera Cap Hill, Mill Creek has developed or is developing five communities in the Denver area. Modera Observatory Park and Modera River North are now leasing and Modera West Wash Park and Modera LoHi are currently under construction.

Media Contact
Samantha Chalmers
LinnellTaylor Marketing
303.682.5001
Samantha@LinnellTaylor.com

Mill Creek Announces Groundbreaking of Founders Row

Development Community Will Feature 394 Apartment Homes, Upscale Retail including Movie Theater

FALLS CHURCH, Va. – Feb. 26, 2019 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the groundbreaking of Modera Founders Row, a mixed-use lifestyle center that will feature luxury apartment homes and 90,000 square feet of retail space in metropolitan Washington, D.C.

Mill Creek Residential has announced that Studio Movie Grill and City Works Eatery & Pour House will be among the retail components of Founders Row, which will occupy approximately 4.5 acres at the intersection of West Broad Street and North West Street. Modera Founders Row will serve as the market-rate apartment community portion of the development and will include 322 apartment homes. An additional community featuring 72 apartment homes will be dedicated to age-restricted living for individuals 55 years and older.

A formal groundbreaking ceremony is scheduled for Monday, March 4, 2019. First homes and initial retail at the destination community are projected to open in summer 2021.

“We’re thrilled to break ground on Founders Row, which will offer a wholly unique experience to the City of Falls Church when complete,” said Joe Muffler, Managing Director of Development for Mill Creek Residential. “The combination of vibrant retailers, luxury apartment homes and a prime location will create a true destination community.”

As the anchor of the retail space, Studio Movie Grill features eight movie screens, custom luxury recliners, laser projectors, studio-extreme large format auditoriums and Q-SYS sound systems for the ultimate blockbuster experience. The theater will occupy roughly 32,000 square feet of retail space. City Works, which features more than 90 beers on tap and an enthusiastic upscale sports bar atmosphere, will occupy 7,500 square feet of the retail space.

“We’re excited for the addition of these retailers, each of which represents the type of high-energy establishment that will provide enormous appeal to residents and visitors alike,” said Sean Caldwell, executive managing director of the Mid-Atlantic and Northeast for Mill Creek Residential. “Studio Movie Grill provides an entirely unique cinematic experience and the active vibe of City Works will undoubtedly complement the atmosphere we’re aiming to cultivate at Founders Row.”

Founders Row, which is being developed in conjunction with CrossHarbor Capital Partners, Lighthouse Real Estate Investments LLC, and PNC Financial Services, is located in Falls Church, which sits roughly 10 miles west of Washington, D.C. and is considered part of the greater D.C. area. Falls Church is situated on two square miles of land in northern Virginia and is one of the most affluent cities in the U.S. The city features a thriving school system and an active arts and culture sector, including the Falls Church Farmers Market.

Founders Row will offer a commuter-friendly lifestyle within a short distance of the area’s major highways and several public transportation options, including the D.C. Metro. The site is also a short drive from Arlington’s Rosslyn-Ballston Corridor and Downtown Washington, D.C., but the community will provide its own entertainment offerings.

The apartments at Founders Row will consist of studio, 1- and 2-bedroom apartment homes with an average size of 940 square feet. Shared community amenities will include an expansive resident clubhouse, 24-hour club-quality fitness center, outdoor pool and sundeck, business center, game room, barbecue area, Zen garden, private demonstration kitchen, pet spa, controlled-access garage parking, self-serve package lockers and coffee bar. The age-restricted community will feature an additional community room, fitness center, and business center dedicated exclusively to those residents.

Apartment interiors will feature wood plank-style flooring, nine-foot ceilings, moveable kitchen islands, stainless steel Energy Star appliances, quartz countertops, extra-large capacity stacked washers and dryers, built-in storage and shelves, and USB ports. Select homes will have balconies and upgraded finishes, including wine refrigerators, towel warmers, and backlit bathroom mirrors. Residents will also have access to additional storage and bike lockers.

”Founders Row will be an exciting addition to our community,” Falls Church Mayor David Tarter said. “Having a movie theater that most of the City of Falls Church can walk to will further our commitment to make the city a vibrant, walkable destination for residents and visitors from Fairfax, Arlington and beyond.”

To inquire about available retail space, please contact Chris Wilkinson, vice president of retail leasing at JBG Smith. He can be reached at 301.657.7321 or CWilkinson@JBGSmith.com.

Media Contact

Samantha Chalmers
LinnellTaylor Marketing
303.682.5001
Samantha@LinnellTaylor.com

Mill Creek Named Runner-Up For Multifamily Development Firm of the Year by National Association of Home Builders 

Honor Presented at NAHB’s 2018 Pillars of the Industry Awards Ceremony

LAS VEGAS – Feb. 20, 2019 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced it has been named runner-up for the 2018 Multifamily Development Firm of the Year by the National Association of Home Builders.

The honor, part of NAHB’s 2018 Pillars of the Industry Awards, was announced February 19th during a luncheon at the International Builders Show at the Las Vegas Convention Center. Originally formed in 2011, Mill Creek has built its portfolio by developing and acquiring high-quality apartment communities in some of the most desirable markets in the nation.

“We are humbled to be included alongside Gables Residential as a finalist for this honor, knowing that the industry has many development firms with an endless passion for innovation and for pushing the envelope in the development process,” said William C. MacDonald, Chief Executive Officer and President of Mill Creek Residential. “Whether we finish first or 50th on the list, our primary focus has always been to create meaningful relationships with our customers, residents, associates, and partners and extraordinary places that our residents can proudly call home. To be named a finalist for that mission is truly gratifying.”

The Pillars of the Industry Awards span 26 categories and highlight several key facets in the apartment marketplace, including creative development concepts, innovative financing strategies, great design, superior management and deft marketing. The annual competition is judged by a committee of knowledgeable peers, each with a strong track record within the multifamily industry.

Multifamily Development Firm of the Year candidates were evaluated on the overall quality of communities that have been developed over the previous three years. That includes an examination of innovative development strategies and practices, the ability to overcome obstacles and overall success in achieving the company’s vision and goals.

“It is truly an honor to be acknowledged alongside the industry’s premier developers, and we remain motivated to continue to develop quality apartment homes in some of the country’s finest markets,” MacDonald said. “The credit for being included as a finalist goes to our hard-working associates and our wonderful residents who choose to make these communities their homes.”

Mill Creek had previously been nominated for three Pillars of the Industry Awards, winning two. The company was honored for the 2016 Best Mid-Rise Apartment Community and 2016 Best Interior Merchandising of a Common Area, both for Modera Mosaic (Fairfax, Va.).

Mill Creek was also recognized as a finalist for the 2016 Best Adaptive Reuse for its efforts at Modera Lofts (Jersey City, NJ).

Media Contact
Samantha Chalmers
LinnellTaylor Marketing
303.682.5001
Samantha@LinnellTaylor.com

Mill Creek Residential Announces First Move-Ins at Modera Buckhead

Multifamily Developer Welcomes First Residents to High-Rise Community on Peachtree Road

ATLANTA (February 18, 2019) – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announces that its Modera Buckhead community has officially welcomed its first residents.

Situated at the corner of Peachtree and Pharr Roads, Modera Buckhead is located at the pinnacle of Atlanta’s shopping, dining and entertainment hub, providing an immersive and walkable living experience in the bustling neighborhood. Upon completion, the 21-story, mixed-use community will feature 399 one-, two- and three-bedroom apartment homes, each including 42-inch custom cabinetry, quartz countertops and iPhone home accessibility, as well as over 21,000 square feet of ground floor retail space. Final stages of construction are currently in the works, and full completion of the community is expected in fall 2019.

Complementing the upscale interiors of each apartment home, Modera Buckhead residents will enjoy a variety of premier amenities intended to foster an interactive culture and accommodate a social lifestyle. The east courtyard on the eighth floor will include a daytime pool with chaise lounge pods for sunbathing, directly adjacent to an indoor spa, steam room and relaxation lounge, intended to maximize rest and recuperation for residents and guests. Within the eighth-floor west courtyard, a breezeway will seamlessly integrate the covered, open-air social lounge with an outdoor entertainment haven, featuring a lounge pool with a sun shelf and continuous bench seating, a video projection wall and a lawn panel for outdoor games.

Upon completion, the 20th and 21st stories of the community will be home to a rooftop terrace, where an indoor-outdoor bar and lounge space will be connected to several outdoor garden rooms. A grand staircase will connect the two terraces and a featured skylight table will provide natural light to the lower level. A vine-enclosed landscape design will be utilized to provide the experience of a green oasis in the sky to accompany sweeping views of Buckhead landmarks and the Atlanta skyline. Other unique amenities include a rooftop dog park complete with agility-training and exercise equipment and a state-of-the-art yoga studio, and fitness center.

In addition to its premier amenities and forthcoming restaurant and retail partners, which will be announced in the coming months, Modera Buckhead will feature an outpost of Atlanta-based Spa Sydell, one of the city’s most recognized day spas. The community is located within walking distance of a number of vibrant dining and retail destinations – including Biltong Bar, the Shops at Buckhead Atlanta and Le Bilboquet.

Modera Buckhead is a joint venture in partnership with Elite International Investment Fund, a leading real estate investment platform with capital coming from Asia. For more information on Modera Buckhead or to inquire about leasing an apartment home, please visit ModeraBuckhead.com.

 

About Elite International Investment Fund
Established in May 2013, Elite International Investment Fund (EIIF) is a privately-owned real estate investment management company with offices in Beijing, Los Angeles, and New York. EIIF seeks to deliver attractive risk adjusted returns to our investors. Our disciplined investment strategy is responsive to different stages of the real estate cycles through discreet selection, stringent underwriting and working with the best local talents and sponsors. Since its inception, EIIF has set the precedence as the first Chinese private equity fund ever to invest in a U.S. development project, as well as the first to bring on board a major Chinese bank as an equity partner. www.eliteinfund.com

Mill Creek Announces Groundbreaking of Modera San Diego Apartments

Development Community Will Add 368 Apartment Homes to East Village Neighborhood

SAN DIEGO – Jan. 31, 2019 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced it has recently broken ground on Modera San Diego, a luxury apartment community in the East Village neighborhood of Downtown San Diego.

The seven-story community, which will be situated at the southeast corner of 14th Street and K Street, represents Mill Creek Residential’s first development community in Downtown San Diego. The downtown location is in the southern portion of East Village and within walking distance of Petco Park and the city’s world-renowned Gaslamp Quarter.

Initial move-ins are projected for spring 2021.

“San Diego is rapidly becoming one of the most pedestrian-friendly cities on the West Coast, and the East Village is transforming into a destination locale for new residents,” said John Colletti, Vice President of Development, Southern California for Mill Creek Residential. “We’re thrilled to add this community to the neighborhood’s robust entertainment, retail, restaurant and cultural amenities, and we believe Modera San Diego will address the market’s booming growth while serving as a premier housing option in the area.”

The Modera San Diego development community is in a walkable, transit-oriented locale two blocks from a San Diego Trolley station, which provides connectivity to the greater downtown area and links to Amtrak regional lines. The site boasts a Walk Score of 93, which signifies a walker’s paradise and means most errands can be accomplished on foot. In addition, the neighborhood’s growing creative office base provides employment opportunities in the design and technology sectors.

East Village is the largest of downtown San Diego’s eight neighborhoods, and continues to emerge as a hip-and-trendy destination featuring a multitude of breweries, coffee shops and nightlife options. Mission Brewery, a local icon built within a former Wonder Bread factory, is located directly across from the community.

Modera San Diego will feature three architectural styles; each designed to complement its neighborhood context. The community will offer studio, 1- and 2-bedroom homes with various loft plans on the penthouse level. Community amenities will include two outdoor courtyards, a 5,100-square-foot sky lounge with pool and spa, fireside gathering areas, two outdoor kitchens and spectacular views of the bay and downtown skylines. Residents will also have access to a state-of-the-art fitness studio, co-working spaces, executive conference rooms, modern clubhouse, bowling lounge, lobby lounge, parcel storage lockers and controlled-access subterranean garage parking.

The pet-friendly community will also include a dog run with grooming basins. Apartment home interiors will be delivered with a variety of high-end fixtures and finishes such as nine-foot ceilings, wood plank-style floors, quartz counters with matching tile backsplashes and soaking tubs.

Media Contact
Samantha Chalmers
LinnellTaylor Marketing
303.682.5001
Samantha@LinnellTaylor.com

Mill Creek and Rockwood Capital Announce Groundbreaking of Modera LoHi

Development Community to Add 132 Homes to Denver’s Vibrant Lower Highlands Neighborhood

DENVER – Jan. 16, 2019 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the groundbreaking of Modera LoHi, a luxury apartment community located in the popular Lower Highlands neighborhood.

The community, which will feature 132 apartment homes with a modern, but timeless aesthetic, will sit adjacent to Downtown Denver and feature prime access to the city’s key employment and nightlife districts. It will include three distinct outdoor spaces and boast panoramic views of the city skyline and Rocky Mountains. First move-ins are anticipated for summer 2020.

“Denver’s booming employment market continues to make the city a hotbed for apartment demand, and we’re thrilled to join one of the area’s most vibrant and walkable neighborhoods,” said Chris Schramm, Vice President of Development for the Colorado region for Mill Creek Residential. “It’s our goal to offer a best-in-class living experience in the area, and we believe Modera LoHi’s location and extensive collection of amenities will surpass expectations in the market.”

Located at 2555 16th Street, the community is surrounded by a multitude of restaurants, bars and local shops in a charismatic neighborhood that features a blend of charming historic and modern architecture. Residents will have prime pedestrian access to the heart of Downtown Denver, including the redeveloped Denver Union Station, via the Highland Bridge. The Walk Score in the area has increased to 94, which is considered a “walker’s paradise” and means most daily errands do not require a vehicle.

The site is commuter-friendly, located just west of Interstate 25 and within minutes of Interstate 70, the area’s primary east-west thoroughfare that provides direct access to the Rocky Mountains. Easy access to the Cherry Creek and Platte River bike paths will enable residents to connect to various key locales across the metro area. Sports venues Pepsi Center, Coors Field and Mile High Stadium are also easily accessible from the neighborhood.

Modera LoHi will consist of studio, one-, and two-bedroom homes, including double-height units with mezzanines and 16-foot living rooms available on the fifth floor. Outdoor community amenities will include a private landscaped courtyard just above street level, resort-style swimming pool and hot tub, rooftop deck with lush landscaping, fire pits, flat screen TV, city and mountain views and an outdoor kitchen with grilling stations.

Indoor amenities will include a club-quality fitness center with Fitness on Demand, conference room with phone booth-style individual work spaces, WiFi lounge with coffee bar, pet spa and a controlled-access bike room with fully equipped workshop. Residents will also have access to digital package lockers, additional storage and electric-vehicle charging stations.

Apartment interiors will feature nine- and 10-foot ceilings, oversized windows with upgraded acoustics, eight-foot stained wood entry doors with keyless locks, Nest thermostats, luxury vinyl-tile flooring, upgraded Energy Star appliance packages, custom 42-inch cabinetry with soft-close doors and under-cabinet lighting, quartz countertops with porcelain tile backsplashes, roller window shades, porcelain tile bathroom floors and front-loading washers and dryers. Many homes will be equipped with built-in mudrooms, private patios or balconies, moveable kitchen islands, showers with built-in quartz benches and floating bathroom vanities, some with dual sinks.

Modera LoHi is being developed in partnership with an affiliate of Rockwood Capital and is Mill Creek’s eighth development community in the Denver area. Others include Modera Observatory Park and Modera River North, which had its grand opening in the summer. Modera Cap Hill and Modera West Wash Park are currently under construction.

 

About Rockwood Capital
Rockwood Capital, LLC (Rockwood) is a real estate investment management firm founded in 1995 that provides equity capital combined with real estate operating expertise for the repositioning, recapitalization, development and redevelopment of residential, office, research and development, retail and hotel space in key markets throughout the United States. Rockwood and its principals have invested on behalf of their clients approximately $28.9 billion of real estate through commingled funds and separate accounts. Rockwood is a 76-person organization with offices in New York, NY, San Francisco, CA, and Los Angeles, CA that manages a portfolio of approximately $3.6 billion of net equity value in approximately $7.1 billion of gross real estate value as of 9.30.2018. Rockwood’s investors include sovereign wealth funds, public and private pension funds, endowments, foundations, insurance companies, funds of funds, high net worth individuals and family offices.

Media Contact
Samantha Chalmers
LinnellTaylor Marketing
303.682.5001
Samantha@LinnellTaylor.com

Mill Creek Announces Grand Opening of Modera Sedici Apartment Homes

Development Community Adds 134 Apartment Homes to Site of Former Italian Embassy

WASHINGTON – Dec. 17, 2018 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the grand opening of Modera Sedici, a luxury apartment community located on the venerable grounds of the former Italian Embassy.

The captivating community offers 134 apartment homes, including 22 with distinct customized floor plans in the redeveloped original Italian Embassy building. The additional 112 residences are located in a newly constructed nine-story high-rise that complements and links to the iconic historic structure. Situated along esteemed 16th Street in the nation’s capital, Modera Sedici is built with an enchanting European cosmopolitan aesthetic interior design and features many restored original features.

“Modera Sedici is one of the most unique communities in the nation, and certainly in the Mill Creek portfolio,” said Sean Caldwell, Senior Managing Director of the Mid-Atlantic region for Mill Creek Residential. “We worked extensively to preserve the charming qualities and original aesthetic of the Italian Embassy building to cultivate a truly one-of-a-kind living experience in one of the most appealing areas of the city.”

Among the historic components in Modera Sedici are restored parquet, a grand piano, original travertine and modern marble. The community also includes the Soggiorno – a grand ballroom with preserved crown moulding and parquet floors, and the Biblioteca – a curated resident lounge with fireplaces and stunning millwork. The original Neo-Renaissance architecture was maintained in the redevelopment of the embassy building, which Grand Central Station architects Whitney Warren and Charles Wetmore originally designed in 1925.

Located at 2700 16th Street NW, Modera Sedici residents are interconnected to three of the city’s most-desirable neighborhoods – Adams Morgan, the U Street Corridor, and Columbia Heights – and their variety of boutique shopping, nightlife and dining options. Residents will also benefit from Modera Sedici’s position in a quieter portion of the downtown area.

“While the awe-inspiring beauty of the building is what first stands out, our primary mission remains the same as it always does – to provide an exceptional living experience,” said Joe Muffler, managing director of development for Mill Creek Residential. “With its quiet location, elegant interior features and quick accessibility to the city’s bustling hot spots, we believe Modera Sedici will set the standard for refined apartment living in the area.”

Modera Sedici consists of studio, one-, two- and three-bedroom homes with two-story townhome-style layouts available. Additional community amenities include the Vista – a rooftop terrace with city views; the Palestra – a club-quality fitness center with elite equipment imported from Italy; and the Terraza – a programmed green space with water features, covered seating and grills. The community also includes a historic piazza with public and private seating areas and 24-hour concierge service.

Apartment interiors include several luxurious touches, including upscale GE or Bosch appliance packages that include in-home washers and dryers, Kohler and Moen fixtures, classic-tiled kitchen backsplashes, Kaindl wood plank-style flooring in French Walnut or Orchard Walnut, genuine Italian marble counters in the historic kitchens and baths, elegant recessed lighting and spa-inspired bathrooms with illuminated mirrors, mosaic tile floors, showers, tubs and floating vanities.

The commuter-friendly site provides near-direct access to K Street in downtown, the Capital Beltway and Silver Spring, a thriving business hub on the northern edge of the Metro Area. 16th Street is one of the city’s only north-south thoroughfares and borders Modera Sedici to the east. Fuller Street borders the community to the south and Mozart Street to the west.

Modera Sedici is the seventh development community by Mill Creek in the Washington, D.C. area.

About Rockwood Capital
Rockwood Capital, LLC (Rockwood) is a real estate investment management firm founded in 1995 that provides equity capital combined with real estate operating expertise for the repositioning, recapitalization, development and redevelopment of residential, office, research and development, retail and hotel space in key markets throughout the United States. Rockwood and its principals have invested on behalf of their clients approximately $28.4 billion of real estate through ten value-add vehicles and ten separate accounts. Today, Rockwood is a 76 person organization with offices in New York, NY, San Francisco, CA, and Los Angeles, CA that manages a portfolio of approximately $3.4 billion of net equity value in approximately $6.8 billion of gross real estate value as of 6.30.2018. Rockwood’s investors include public and private pension funds, endowments, foundations, insurance companies, fund of funds, high net worth individuals and family offices.

Media Contact

Samantha Chalmers
LinnellTaylor Marketing
303.682.5001
Samantha@LinnellTaylor.com