Mill Creek Named Elite 5 Multifamily Company by Kingsley

BOCA RATON, Fla.March 22, 2023 /PRNewswire/ — Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has been named as one of the Elite 5 Multifamily Companies by the Kingsley Excellence Awards program.

Mill Creek was recognized in the Tier II category (based upon portfolio size) for receiving high satisfaction marks on Kingsley’s resident surveys. One Mill Creek community, Verso Founders Row (Falls Church, Va.), was included in Kingsley’s Top 100 Multifamily Properties, placing No. 45.

“We’re excited to receive these esteemed honors from Kingsley, and as always the credit goes to our magnificent onsite teams,” said Bill MacDonald, chairman, president and chief executive officer of Mill Creek Residential. “They are dedicated to creating a comfortable and enjoyable living experience for our residents, and this recognition underscores their incredible efforts. Our teams will continue to explore new ways that we can make a positive impact on our residents and continue to drive high satisfaction levels.”

Kingsley Top 100 and Elite 5 winners must exceed Grace Hill’s Kingsley Index for overall satisfaction in the prior year. Kingsley analyzes more than 7 million prospect and resident surveys annually, and its index is considered the industry’s most comprehensive performance benchmarking database.

Verso Founders Row, which features 72 apartment homes dedicated to individuals 55 and older, made its first appearance in the Top 100. The community began leasing in 2021 and is one of the residential components of Founders Row, a mixed-use lifestyle center that includes several restaurants, shops and is anchored by state-of-the-art Paragon Theaters. Founders Row also includes contemporary market-rate apartment communities Modera Founders Row and forthcoming Modera Falls Church.

“We always aim to create a quintessential Mill Creek experience, and these honors show that our teams are succeeding in that mission,” said Stephen Prochnow, executive vice president of property management for Mill Creek Residential. “We are thankful for the recognition and enthusiastically embrace the challenge of being even better moving forward.”

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Mill Creek Announces Move-Ins Underway at Modera Decatur

Mixed-Use Community Adds 194 Apartment Homes, Retail to Charming Eastside Atlanta Locale

DECATUR, Ga.March 9, 2023 /PRNewswire/ — Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced that move-ins are underway at Modera Decatur, a contemporary mixed-use apartment community in the thriving eastside Atlanta community of Decatur.

The five-story midrise, which features 194 apartment homes and approximately 24,250 feet of ground-floor retail space, expands the northern block of Downtown Decatur and boasts one of the most walkable locales in the metropolitan area. A one-block walk from historic Decatur Square, the community has a superb Walk Score of 95 and features large floor plans, with apartment home interiors approximately 15% to 20% larger than standard market-rate homes.

Decatur is one of the most charismatic locales in the Atlanta area and continues to become an even more attractive living destination,” said Patrick Chesser, senior managing director of development in Atlanta for Mill Creek. “Decatur has the unique character of a small town situated in a big city. Residents will have access to a wide array of music, arts and food attractions within walking distance and easy access into the key points of interest of Metro Atlanta.”

Situated at 163 Clairemont Avenue, Modera Decatur is built to meet green building standards established by the National Association of Home Builders. The community sits 750 feet from the Decatur Marta Station, which provides rapid connectivity to Midtown and the greater metropolitan area. Within Decatur, residents will have access to a diverse contingent of restaurants and bars, the popular DeKalb Farmers Market and several seasonal culture events, such as the Decatur Art Festival and Decatur Lantern Parade.

Modera Decatur is positioned approximately five minutes from the Clifton Corridor, which is home to four of Atlanta’s top employers. That includes Emory University, Emory Hospital, Egleston Hospital and the Center for Disease Control and Prevention headquarters, which combine for nearly 50,000 employees. The community is also a 15-minute drive via Ponce de Leon Avenue to Ponce City Market, the Atlanta Beltline and the employment centers of Midtown and Downtown Atlanta.

Modera Decatur offers one-, two- and three-bedroom homes with select den layouts available. Community amenities include a stylish rooftop deck with stunning city views, resort-style swimming pool with tanning ledge, community courtyard and coffee bar, resident clubhouse with gathering spaces and demonstration kitchen, coworking spaces with leasable smart working offices, pet park and spa, and a 24-hour club-quality fitness studio with a professional training staff, steam room, dry sauna and TRX stations. Residents will also have access to a climate-controlled package room, controlled-access garage parking, EV-charging stations, dedicated bike storage and the option to schedule package deliveries directly to their home.

Apartment interiors include a variety of deluxe features, including gourmet kitchens with custom cabinetry, quartz countertops, stainless-steel appliances, subway-style tile backsplashes, wood plank-style flooring, nine- and 10-foot ceilings, designer lighting, full-sized washers and dryers, and a smart home package that includes keyless entry, USB ports and smart thermostats. Bathrooms include dual entries, dual vanities and quartz countertops. Homes also feature large windows for ample natural light, private patios or balconies and movable kitchen islands.

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Mill Creek Announces Groundbreaking of Modera Falls Church

Luxury Mixed-Use Apartment Community Will Add 280 Homes, Retail
Adjacent to Founders Row in Thriving Falls Church Locale

FALLS CHURCH, Va.Feb. 28, 2023 /PRNewswire/ — 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 Falls Church, a contemporary apartment community in the heart of the City of Falls Church, which will provide additional homes and retail adjacent to Mill Creek’s mixed-use lifestyle center, Founders Row.

Modera Falls Church, which will feature 280 homes at the intersection of West Broad and North West Streets, will become the third residential component for Mill Creek in the City of Falls Church. It joins Modera Founders Row and Verso Founders Row, an age-restricted community dedicated to individuals 55 years and older, each of which began leasing in 2021.  All three communities have been developed as a joint venture partnership between Mill Creek and CrossHarbor Capital Partners.

Modera Falls Church will add 22,000 square feet of retail space to the existing 90,000 square feet at Founders Row, which is anchored by Paragon Theaters, a luxury dine-in movie theater set to open in 2024. The community will also feature a co-working amenity space that will be unique to the City. First move-ins at this community are anticipated for early 2025.

“Founders Row immediately established itself as the ‘new center’ of the City, with an array of upscale retail, dining and living options,” said Joe Muffler, senior managing director of development for Mill Creek Residential. “Modera Falls Church will expand that charm and add more quality homes and retail to a popular and emerging destination. We look forward to continuing to work with the City of Falls Church to create a unique experience that everyone can enjoy.”

The community sits in a very walkable, very bikeable neighborhood (87 Walk Score and 79 Bike Score) and is located directly adjacent to the popular Washington & Old Dominion Trail. Residents also will be within a 15-minute walk of the Falls Church West Metro Station, which provides easy connectivity to the greater Washington, D.C. area. Additionally, Interstate 66 is approximately one mile west on Broad Street, which links to the Dulles Toll Road, the Capital Beltway, Route 50 and other thriving submarkets in Northern Virginia.

Within Founders Row, residents will have access to the seven screens and 600-plus seats of Paragon Theaters, restaurants Ellie Bird, Chasin’ Tails, Nue, Roll Play Vietnamese Grill, Kyu Ramen and Kyo Matcha, and additional retailers such as Club Pilates, Sparkle & Pop Nail Salon, and 4Ever Young Med Spa.

Modera Falls Church, which will be built to LEED Gold standards, will feature studio, one- and two-bedroom homes with various layouts and an average size of 915 square feet. Community amenities will include a resident clubhouse, outdoor deck, resort-inspired swimming pool, fire pit, grilling area, landscaped courtyards, coffee bar, pet spa and a club-quality fitness center featuring cardio equipment, yoga studio, TRX system and Peloton bikes. Residents will also have access to controlled-access garage parking, dedicated bike storage and public EV-charging stations.

Apartment interiors will include nine-foot ceilings, stainless steel appliances, quartz countertops, tile backsplashes, wood plank-style flooring, custom cabinetry, moveable kitchen islands, pendant lighting, in-home washers and dryers, walk-in closets, private patios or balconies and a variety of smart home features, including smart thermostats and mobile-app entry. Bathrooms will feature double vanities, tile shower surrounds and quartz countertops.

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Mill Creek Residential Joins Urban Land Institute’s Greenprint Center for Building Performance

BOCA RATON, Fla., Feb. 22, 2023 /PRNewswire/ — Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has become a member of the Urban Land Institute’s (ULI) Greenprint Center for Building Performance, a global alliance of real estate owners, developers and investors committed to improving the environmental performance of the real estate industry.

“We are deeply committed to reducing the impact our business has on the environment and promoting sustainability across our entire business,” said Kelly Vickers, vice president of ESG for Mill Creek. “We feel privileged to be a part of ULI Greenprint, and we’re excited to work with our fellow members to fight climate change and to continue learning and growing as an organization.”

Through measurement, benchmarking, knowledge-sharing and the implementation of best practices, ULI Greenprint members strive to meaningfully reduce greenhouse gas emissions by 2030, and 34 of its real estate members have aligned to the ULI Greenprint net zero carbon operations by 2050 goal.

“We are delighted to welcome Mill Creek Residential into ULI Greenprint’s ranks, and we look forward to helping the company achieve its emissions reduction goals,” said Blakely Jarrett, senior director for Greenprint Center for Building Performance. “ULI Greenprint is a global community of practice for the real estate community to learn and share best practices and resources to decarbonize the built environment, and Mill Creek has shown an admirable commitment to reducing its environmental footprint. This should be an impactful and meaningful partnership.”

The addition of Mill Creek to ULI Greenprint’s membership roster will help accelerate the real estate industry’s decarbonization efforts. ULI Greenprint’s more than 70 members cumulatively hold more than 15,000 properties valued at more than $1.4 trillion across the Americas, Europe and the Asia-Pacific region.

Mill Creek concentrates on long-term value creation throughout each community’s lifecycle from acquisition through development, construction and operations. The company’s focus on transit-oriented development in infill locations benefits residents, surrounding communities and environmental well-being. Mill Creek pursues and prioritizes mixed-use communities and has received recognition for innovative adaptive reuse. Its local development teams also preserve historic architectural craftsmanship while revitalizing interior and exterior spaces, benefiting both the surrounding communities and their residents.


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Mill Creek Grows Investment Management Platform With Formation of Four New Investment Vehicles Totaling $1.2 Billion of Equity Spanning Multifamily and Single-Family Rental Development and a Value-Add Fund

Capital to be Invested Over Next Two to Three Years

BOCA RATON, Fla., Feb. 16, 2023 /PRNewswire/ — Mill Creek Residential, a vertically-integrated industry leader in the investment, acquisition, development, construction and management of premier rental housing across the U.S., announces today the formation of four new investment vehicles to invest in the US residential rental sector. These vehicles include two separately managed accounts to develop single-family rental communities, an investment partnership to develop multifamily communities, and Mill Creek’s first commingled fund to continue Mill Creek’s value-add acquisitions strategy.

The two separate managed accounts focused on single-family rental development represent newly-formed investment programs – one with PCCP, LLC, a US-based commercial real estate investment manager with more than $20 billion of AUM, and the second with a large global financial institution.

The investment partnership focused on multifamily development represents a follow-on commitment from QuadReal Property Group, a Canadian-based global real estate investment firm with more than CAD $70 billion of AUM. The Mill Creek Multifamily Value-Add Fund includes both existing and new clients of Mill Creek.

The three development vehicles have substantial identified pipelines which Mill Creek expects to execute on over the next 18 to 36 months, including several communities expected to commence construction over the next six months. In addition, Mill Creek anticipates that the Value-Add Fund will capitalize on an increasingly dynamic acquisitions environment in 2023.

“We are thrilled to form three new partnerships to invest in the highly attractive single-family rental space and to continue our value-add acquisitions strategy. We are equally appreciative of the continued support from QuadReal to continue to develop best-in-class multifamily communities across the U.S.,” said William C. MacDonald, chairman, chief executive officer, and president of Mill Creek. “These investment programs, with some of the most highly regarded institutions, are a testament to the investment management platform we have built over the last several years, and while the current environment is not without its challenges, we believe our cycle-tested team is uniquely positioned to execute on behalf of our partners to build and grow world-class portfolios of residential communities.”

Hodes Weill Securities acted as financial advisor and global placement agent for Mill Creek in connection with the formation and capitalization of the four investment vehicles.

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Mill Creek Announces Start of Preleasing at Modera Cherry Creek

DENVERJan. 11, 2023 /PRNewswire/ — 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 preleasing at Modera Cherry Creek, a contemporary apartment community in one of Denver’s most prominent neighborhoods.

The five-story community, which offers a boutique feel and features 94 apartment homes, is situated on the southeast corner of 2nd Avenue and Madison Street in the thriving and highly desirable Cherry Creek North neighborhood. Modera Cherry Creek is adjacent to a vibrant mixed-use district that includes ample high-end retail, office, hospitality and dining options. First move-ins are anticipated for February.

“Modera Cherry Creek will cater to the renter-by-choice demographic and feature larger layouts than most Mill Creek developments,” said Scott Makee, senior managing director of development in Colorado for Mill Creek Residential. “The community will offer a luxury experience similar to renting a multimillion-dollar condo in one of the city’s most sophisticated neighborhoods. We’re excited to join the Cherry Creek market and are eager to offer an ultramodern, best-in-class living experience.”

Positioned at 180 Madison Street, Modera Cherry Creek is within two miles of the key employment core of Downtown Denver. The community is also within a short drive of Interstate 25, the city’s key north-south thoroughfare, and I-70, which provides east-west access and serves as the gateway to the Rocky Mountains. The area also includes a multitude of recreational options, including the nearby Cherry Creek Trail, one of the area’s most popular and charismatic outdoor locales.

Additionally, the community sits within blocks of the Cherry Creek Mall, which serves as the epicenter of Denver’s high-end shopping district. Neighborhood stores include Hermes, Peter Millar, Marmot, Neiman Marcus, prAna, Vineyard Vines, Bonobos and others.

Modera Cherry Creek offers a mix of studio, one- and two-bedroom homes ranging as large as 2,044 square feet with mezzanine layouts available. Community amenities include a hotel-inspired rooftop deck with panoramic mountain and city views, outdoor kitchen, barbecue stations, fire pits, lounging areas, a fifth-floor clubroom with sky lounge and demonstration kitchen, two landscaped courtyards and a lobby equipped with a sleek fireplace, seating areas and conference room. A first-floor wellness center includes a fully equipped fitness center that offers cardio and weight stations, a TRX system and Technogym Personal Line equipment. Residents will also have access to digital package lockers and dedicated bike storage.

Apartment homes are delivered with a variety of refined features, including mezzanines, work-from-home spaces, double-height ceilings in living rooms, premium KitchenAid appliances, gas ranges, quartz countertops with waterfall edges, tile backsplashes, pendant lighting, Elfa closet organizing systems and loft areas. Bathrooms are equipped with textured tile and floating vanities. Select homes feature private balconies, private rooftop terraces, glass cabinets, wine fridges and built-in mudrooms at entry with storage and hanging systems.

Modera Cherry Creek marks Mill Creek’s seventh ground-up development within Denver. Others are leasing, including Modera LoHiModera Observatory ParkModera River North and Modera West Wash ParkModera Golden Triangle is currently under development.

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Mill Creek Announces Groundbreaking of Modera Parkside

ATLANTA, Dec. 16, 2022 /PRNewswire/ — 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 Parkside, a luxury mixed-use apartment community near Atlanta’s esteemed Piedmont Park.

The 32-story high-rise, which will feature 361 apartment homes including penthouses on the top floors, will be built to and is pursuing NGBS Silver certification levels, and will offer unencumbered views of the Atlanta skyline and Piedmont Park, which sits two blocks away. The community will also include a signature restaurant with street frontage on Atlanta’s famed Rainbow Crosswalk. First move-ins are anticipated for early 2025.

“Modera Parkside is a unique location on the very edge of high-rise zoning, preserving the views to the Atlanta skyline, Piedmont Park and the energy of east Midtown. Modera Parkside complements a proud neighborhood and offers an easy walk to Atlanta’s most popular public amenities and Midtown’s primary employment centers,” said Patrick Chesser, senior managing director of development in Atlanta for Mill Creek. “We believe the character of the neighborhood with a unique community will appeal to a diverse set of renters-by-choice with discerning tastes. We are honored to have the opportunity to add to the fabric of this world-class neighborhood and the skyline of this great city.”

Situated at 180 10th Street between Piedmont Avenue NE and Juniper Street NE, Modera Parkside is positioned at the epicenter of east Midtown on the park side of Peachtree Road. The community is a few blocks from the Atlanta Beltline Eastside Trail and less than a mile from the Downtown Connector and Piedmont Park.

Modera Parkside will offer studio, one-, two- and three-bedroom homes and den layouts with convertible home offices. Community amenities will include a rooftop pool deck and fitness center, outdoor cooking experiences, elevated fire pits, a skyline-facing clubroom, Full Swing Golf Simulator, dedicated dog runs and pet spa. The bike-centric Modera Parkside will also have valet dry cleaning, direct package delivery services, controlled-access garage parking, ample EV charging stations and dedicated bike storage.

“We were very deliberate in choosing amenity spaces that will speak to the distinct vibe of the neighborhood,” Chesser said.

The community will also cater to the ever-increasing remote worker with expandable furnishings from Ori, which will include retractable desks in studio homes and disappearing ceiling-mounted beds and convertible desks in select two-bedroom homes. Additionally, a cybercafé, coworking spaces and private workstations will be powered by gigabit Wi-Fi.

Apartment homes at Modera Parkside will be delivered with nine-foot-plus ceilings, wood plank-style flooring, energy-efficient stainless-steel appliances, quartz countertops, gas cooktops, tile backsplashes, kitchen islands, pendant lighting, closets with built-in shelving, in-home washers and dryers, smart thermostats, mobile app entry and private patios or balconies. Bathrooms will include double vanities and tile surrounds.

Modera Parkside marks Mill Creek’s ninth development within Atlanta. Others include Modera Midtown, Modera Old Ivy and Modera Reynoldstown.

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Mill Creek Announces Preleasing is Underway at Modera Woodbridge

WOODBRIDGE, N.J., Nov. 1, 2022 /PRNewswire/ — Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced preleasing is underway at Modera Woodbridge, a mixed-use apartment community situated on Main Street within steps of Downtown Woodbridge.

The community, which sits in a commuter-friendly location about 25 miles southwest of New York City, features 279 apartment homes and more than 6,000 square feet of ground-floor retail space. Residents will be within walking distance of a variety of dining, retail and nightlife options and adjacent to a New Jersey Transit station that provides direct access to New York City. Move-ins will begin in November.

“The revitalization of Downtown Woodbridge will make an already charismatic locale even more of an attractive destination with a relaxed but sophisticated appeal,” said Russell Tepper, senior managing director of development for New Jersey for Mill Creek Residential. “We’re eager to officially join Main Street, and our team is so appreciative of the committed working relationship we’ve enjoyed with the Township of Woodbridge to make certain this community further complements the downtown. We look forward to welcoming our first residents and to offering a best-in-class experience.”

Positioned at 10 Main Street, Modera Woodbridge is within a short drive of the popular Woodbridge Center and less than two miles from 126-acre William Warren Park. Many key thoroughfares are easily accessible from the community, including the New Jersey Turnpike, Garden State Parkway and Interstate 287, which provide connectivity to the greater New York metropolitan area.

Modera Woodbridge offers one-, two- and three-bedroom apartment homes with an average size of 886 square feet and den layouts available. Community amenities include a rooftop deck with barbecue area, club-quality fitness studio, resident clubhouse, pool table, conference room, coffee bar and pet spa. Residents will also have access to controlled-access garage parking, dedicated bike storage and additional storage space.

Apartment interiors include nine-foot ceilings, wood plank-style flooring, quartz countertops, breakfast bars, stainless steel appliances, custom 42-inch cabinetry, pendant lighting, upgraded fixtures, tile backsplashes, in-home washers and dryers, walk-in closets and private patios or balconies. Bathrooms feature tile shower surrounds, linen closets and double vanities. Residents will also have access to valet dry cleaning.

The community will also offer a robust smart-home experience with app-enabled access to apartment homes and community amenity spaces. Homes will also feature smart thermostats that can be controlled by a resident’s personal device.

Modera Woodbridge marks Mill Creek’s ninth community within the company’s rapidly growing New Jersey portfolio.

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Mill Creek Announces Construction Underway on Modera Raleigh Hills

BEAVERTON, Ore., Oct. 25, 2022 /PRNewswire/ — Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced construction is underway on Modera Raleigh Hills, a contemporary apartment community located in the western portion of the Portland metropolitan area.

The five-story community, which will feature 270 apartment homes, is based in the emerging Raleigh Hills neighborhood in Beaverton, home to the world headquarters of Nike and Tektronix. Modera Raleigh Hills will boast larger floor plans to accommodate the work-from-home boom, in addition to co-working and conference spaces. First move-ins are anticipated for summer 2024.

“We are thrilled to join the Raleigh Hills neighborhood and firmly believe this community will blend the best aspects of urban and suburban living,” said Sam Rodriguez, senior managing director of development in Portland for Mill Creek Residential. “Modera Raleigh Hills will offer amenities typically found in suburban communities, such as larger home sizes, ample parking and best-in-class amenity spaces. The proximity to downtown Beaverton and the MAX light rail lines will provide added conveniences for our residents.”

Situated at 4822 SW Western Avenue, Modera Raleigh Hills will be positioned within blocks of Highway 217 and Beaverton’s downtown area. In addition to the Nike and Tektronix headquarters, each less than a 12-minute drive from the community, the Intel Campus is located 24 minutes away in Hillsboro. The community will sit within a 20-minute drive of Portland’s Central Business District and a 10-minute bike ride from the MAX Line, which provides additional connectivity to the metropolitan area. The area boasts an improving Walk Score of 79 and a Bike Score of 71.

Modera Raleigh Hills will consist of studio, one- and two-bedroom homes with various layouts and an average square footage of 806. Community amenities will include a swimming pool and spa, club-quality fitness center, dedicated private and shared co-working spaces, clubroom with demonstration kitchen, barbecue grills, rooftop patio, courtyard and pet wash. Residents will also have access to a media room, package lockers, dedicated bike storage and EV-charging stations.

Apartment homes will include a variety of refined features and finishes, including stainless steel appliances, quartz countertops, tile backsplashes, roller shades, luxury vinyl-plank flooring, in-home washers and dryers, walk-in closets, smart thermostats and private patios or balconies. Bathrooms will be equipped with LED lighting, including backlit mirrors.

Modera Raleigh Hills will mark Mill Creek’s eighth ground-up development in the Portland area. Others include Modera Akoya, Modera Belmont, Modera Buckman, Modera Morrison and Modera Pearl.

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Mill Creek Residential Announces Grand Opening of Modera New Rochelle

NEW ROCHELLE, N.Y. , Sept. 22, 2022 /PRNewswire/ — Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the grand opening of Modera New Rochelle, a luxury apartment community within a one-minute walk of New Rochelle’s Main Street.

City leaders and public figures joined Mill Creek on Wednesday, Sept. 21 in celebrating the official opening of the midrise community, which features 334 apartment homes, a superb Walk Score of 96 and puts residents within a vast array of dining, shopping and nightlife options. Situated at 111 Centre Avenue approximately 20 miles northeast of Manhattan, Modera New Rochelle is within a five-minute walk of the New Rochelle Station, which provides 30-minute train commutes to New York City.

“This community has certainly been a collaborative effort with the City of New Rochelle, and we’re humbled that many prominent local figures joined us for the Grand Opening,” said Russell Tepper, senior managing director of development in the Northeast region for Mill Creek Residential. “We’ve always believed that New Rochelle is one of the most dynamic submarkets in the greater New York City area, and our location near Main Street will put residents alongside a wide variety of attractions. In addition to offering a top-of-market living experience, we will be an active member of the community supporting the continued growth of New Rochelle’s downtown.”

Grand opening attendees included New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome III, Deputy City Manager/Corporation Counsel Kathleen Gill and several commissioners and City Council members, including District 1 Councilmember Martha Lopez-Hanratty. Members of the City’s Development staff, including Commissioner Adam Salgado, Deputy Commissioner of Economic Development Carol Samol and Director of Planning and Sustainability Kevin Kain, also were on hand.

“Modera New Rochelle is a welcome addition to our thriving downtown, which now boasts a range of housing types to suit every lifestyle,” Bramson said. “Mill Creek has been an excellent partner in implementing New Rochelle’s innovative development plan and achieving positive change for our entire community.”

“Investing in our neighborhoods is one of the most important and impactful ways that we can continue to build up our community,” Lopez-Hanratty said. “With the addition of Modera New Rochelle, our City is set to continue growing and developing for visitors and residents.”

Modera New Rochelle, built to NAHB Green Building Standards, includes Cafetero, a locally owned and operated coffee shop that is the follow-up creation from the local purveyor of R Café and Tea Boutique. The ground floor space is also accompanied by an art alley featuring a substantial array of public art murals.

“This beautiful new development will help us continue to build and revitalize our downtown neighborhood for all to enjoy,” Salgado said. “Modera New Rochelle is a wonderful result of dedication and commitment to the New Rochelle community. This updated, state-of-the-art residence is just one example of the incredible results that come from community engagement and investment.”

Modera New Rochelle offers studio, one- and two-bedroom apartment homes and a dynamic amenity package in excess of 20,000 square feet, including a spacious indoor/outdoor rooftop lounge and deck with views of Long Island Sound and the New York City skyline, three courtyards, an outdoor resort-style swimming pool with sun shelf, dog park and pet spa, outdoor theater, clubhouse and a club-quality fitness center. Apartment interiors are delivered with a variety of luxe features, including wood-plank flooring, nine- and 10-foot ceilings, stainless steel appliances, quartz countertops, custom 42-inch cabinetry, in-home full-size washers and dryers, programmable thermostats and soaking tubs.

“We are excited to welcome Modera New Rochelle to our ever-expanding skyline,” Strome said. “This new development and public art amenity is inviting and invigorating for current residents and potential neighbors alike.”

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