CORAL SPRINGS, Fla., Oct. 10, 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 Coral Springs Phase II, a contemporary mixed-use apartment community in the heart of Coral Springs.

The community, which will feature 353 homes and 32,280 square feet of retail space, joins the 351-home original phase that began welcoming its first residents in July. The communities are the key residential component of the Cornerstone at Downtown Coral Springs development, which is adding a variety of new living, dining, retail and entertainment options to the city’s busiest corner. Coral Springs Phase I and II will be built to, and are pursuing, an NGBS Silver Certification. First move-ins at Phase II are anticipated for fall 2025.

“When Phase II is complete, local renters will have access to more than 700 apartment homes and approximately 40,000 square feet of retail space,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek Residential. “We believe these offerings will add tremendous value to the epicenter of the city, and we’re thrilled to be part of the epic Cornerstone at Downtown Coral Springs development. With Phase II, we are not aiming to duplicate the original phase, but to offer a distinct set of amenities and a unique-but-similarly-refined living experience.”

Situated at 3310 University Drive, the second phase of Modera Coral Springs is positioned directly east of Coral Springs’ new City Hall building, just north of the recently completed Downtown ArtWalk and within a short drive of the Sawgrass Expressway, which links to Florida’s Turnpike and provides connectivity to the greater South Florida area. Firmly amidst the area’s most prominent entertainment and employment centers, the community also offers near-direct access to The Walk of Coral Springs, Promenade at Coconut Creek, Tradewinds Park and many additional attractions.

The additional phase will offer one-, two-, and three-bedroom homes with select den layouts and an average size of 1,021 square feet. A distinct set of community amenities at Phase II will include three elevated courtyards with manicured landscaping, a resort-style swimming pool in one of the courtyards, an elegant multipurpose clubhouse overlooking the pool deck, outdoor barbecue stations, museum-inspired lobby and mailroom, coworking spaces and a club-quality fitness facility.

Home interiors will be similar to those of the original phase, including nine-foot ceilings, wood plank-style flooring, stainless steel appliances, quartz countertops, tile backsplashes, programmable thermostats, central heating and air, walk-in closets, in-home washers and dryers and private patios or balconies. Bathrooms will include tile shower surrounds, soaking tubs, double vanities and linen closets.

Click here to view the full article.

BOCA RATON, Fla., Oct. 3, 2023 /PRNewswire/ — Mill Creek Residential, a fully integrated rental-housing investment firm that acquires, manages and develops premier rental communities across the U.S., today announced it has hired Kel Frazier as president of acquisitions. Frazier will have a prominent role in all facets of the acquisition process, including sourcing, underwriting and closing transactions in addition to participating on the Investment Committee.

Frazier’s hire is emblematic of Mill Creek’s strategic approach to acquisitions, as the company constantly monitors investment opportunities in key markets across the U.S. Mill Creek’s most recent acquisition was Modera Art Park in the River North District of Denver, which the company acquired in late June.

“We’re excited to add Kel to the Mill Creek family, and we know his proven track record and dynamic approach to acquisitions will prove invaluable,” said Darren Schackman, chief investment officer for Mill Creek Residential. “We’ve always prided ourselves on taking a thoughtful and strategic approach to acquisitions, and we believe Kel is the ideal individual to lead Mill Creek’s growth and expansion in this vertical.”

Frazier has extensive experience in the multifamily investment sector. He most recently spent 11 years with Berkshire Residential Investments as senior vice president of investments. At Berkshire, he oversaw the company’s investment activity in the East Region and participated in direct investment of over 28,000 apartment homes which resulted in $7 billion in total capitalization.

Frazier graduated from Ohio State with a Bachelor’s degree in Human Ecology. He also earned a Master of Science in Real Estate Development from Massachusetts Institute of Technology and Master of Business Administration (Finance) from Boston University Graduate School of Management.

“I’m thrilled to join the Mill Creek team and spearhead acquisition efforts in our target markets across the country,” Frazier said. “While we will remain aggressive in pursuing potential properties to acquire, we will continue to do so with a measured approach and seek opportunities that align with our investment criteria and long-term strategy. I look forward to working with this wonderful team.”

Click here to view the full article.

SALT LAKE CITY, Aug. 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 its expansion into Utah and the greater Salt Lake City market.

Mill Creek’s regional office in Salt Lake City will mark the company’s 21st in the U.S. Tyler Greene will serve as the managing director of development for the new market, which will encompass the greater Salt Lake area, and will lead the regional office.

“I’m thrilled to oversee Mill Creek’s expansion efforts into Salt Lake City, which I believe will prove to be a tremendous location for us,” Greene said. “Salt Lake City generally fares well through national real estate challenges, which is part of what makes it an attractive market.”

Greene, who previously served as founding partner of multifamily and hospitality developer Surface Development, has extensive experience in the Salt Lake City and greater western-U.S. markets. The University of Utah alumni, who lives in Park City, Utah, began his real estate career in Salt Lake City with Colliers International and consulted for a variety of Fortune 500 companies. He then served as the principal and founder of Las Vegas-based Bridge Properties Group, which serves the Arizona, California, Nevada and Utah markets.

Greene’s experience also includes a 12-year stint as cofounder of GreeneWaters, a Hawaii-based firm that transacted and developed more than $400 million in residential, multifamily and hospitality throughout the island-based state.

“Tyler is the quintessential individual to spearhead our efforts in the Utah market, and we’re eager to begin expanding our portfolio to Salt Lake City and beyond,” said Sean G. Hyatt, executive managing director for Mill Creek. “Rising demand for quality apartment homes has accompanied the area’s steady growth, and we look forward to working closely with the jurisdictions we serve and offering a best-in-class product.”

Mill Creek has been active in the western U.S. with a steady pipeline of new development in the Denver, Seattle and Portland areas and throughout California. The company recently entered the Arizona market and is currently developing its first three multifamily communities and one single-family community in the Phoenix area.

Mill Creek is actively pursuing development opportunities within the Salt Lake City area and expects to soon announce plans for its first community in the market.

Click here to view the full article.

ATLANTA, Aug. 21, 2023 /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 at Modera Westside Trail, a luxury midrise apartment community in Atlanta’s West Midtown neighborhood.

The community, which will feature 373 apartment homes, will sit in a bike-friendly locale that features immediate access to the Westside Trail of the Atlanta BeltLine and the vast contingent of breweries, music venues and eclectic local establishments contained within West Midtown. Modera Westside Trail is also located across the street from the west boundary of the Georgia Tech campus and its new life science incubators and one block south of the new Echo Street West mixed-use development. First move-ins are anticipated for fall 2025.

“The location on Northside Drive is the natural progression of West Midtown moving south with the benefit of an easy escape to Midtown, Downtown and Georgia Tech,” said Patrick Chesser, senior managing director of development in Atlanta for Mill Creek Residential. “As great as the Atlanta Beltline is at stitching together neighborhoods on the east side, the Westside Trail is a game-changer linking landmark mixed-use developments to the Georgia Tech campus and all the Downtown venues. If you’ve ever explored the Beltline by bike, you realize quickly how connected the west side is becoming and how much it has to offer.”

Situated at 576 Northside Drive, Modera Westside Trail will feature stunning 360 views of the Atlanta skyline and contains a superb Walk Score of 87 (considered “very walkable”). Residents will be within five minutes of the thriving employment sectors of Midtown, Atlantic Station and downtown Atlanta, and accessible commuter options include the BeltLine and MARTA. Additionally, popular athletic venues Mercedes Benz Stadium, State Farm Arena, Bobby Dodd Stadium and McCamish Pavilion are all within a five-minute commute.

Modera Westside Trail will offer studio, one-, two- and three-bedroom homes including 37 Premium Collection homes with upgraded features. Community amenities will include a resort-inspired swimming pool, landscaped pool courtyard with unobstructed views of Midtown, rooftop deck with fire pit and grilling areas, steam room, co-working space, double-height resident clubhouse with shuffleboard, onsite dog park, pet spa and a club-quality fitness center with cardio equipment, yoga studio, TRX system and Peloton bikes. Residents will also have access to digital package lockers, controlled-access garage parking, EV charging stations, loaner bikes, bike repair station, bike storage and additional storage space.

Home interiors will feature nine-foot ceilings, wood plank-style flooring, stainless-steel appliances, quartz countertops, tile backsplashes, gas ranges, walk-in closets, in-home washers and dryers, soaking tubs and tile tub/shower surrounds. Smart features will include Schlage smart door locks, keyless entry, connected smart thermostats, bulk WiFi and mobile-app guest entry. Premium Collection homes will include LED mirrors and additional refined features.

Click here to view the full article.

TEMPE, Ariz., Aug. 10, 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 Rio Salado, a contemporary apartment community in the Tempe Town Lake neighborhood of North Tempe.

Modera Rio Salado, which will feature 319 apartment homes, marks Mill Creek’s third development in its recently unveiled Arizona portfolio. The community is positioned directly across from Tempe Town Lake, the Tempe Center for the Arts and the Tempe IDEA Biotech campus. The location boasts proximity to Arizona State University, more than 12 million square feet of office space, 25 acres of Tempe Beach Park, high-end retail, Loop 202 and a multitude of restaurants. First move-ins are anticipated for summer 2025.

“Modera Rio Salado represents the last institutional multifamily development opportunity in the immediate area, and we look forward to getting started on this wonderful community,” said Fred Hood, vice president of development in Arizona for Mill Creek. “The site will cater to the local mode of being immensely bicycle-friendly and pedestrian-friendly, and we believe the community will quickly become a top-of-market option with its thoughtful design and refined suite of amenities.”

Situated at 835 W. Rio Salado Parkway, Modera Rio Salado will feature a wrap, podium-style design, a courtyard and three amenity decks, including a resort-style pool deck. It will also offer more than 14,000 square feet of interior amenity space. Located at the north end of Tempe, the community is within walking distance of Tempe Beach Park and within a short commute of the city’s vast array of additional dining, retail and entertainment options. Residents will also have accessibility to numerous recreational outlets, including The Yard at Farmer Arts District.

Modera Rio Salado will feature one-, two- and three-bedroom homes with various layouts and an average size of 996 square feet. Community amenities will include a hotel-style lobby with double-height ceilings, statement seating areas and a fireplace lounge area; a speakeasy bar area for hosted events or coffee service, resident lounge, co-working spaces to cater to the ever-increasing remote worker, clubroom with gaming tables and a resident mezzanine media and lounge room with views to the active clubroom below. The rooftop amenity deck will also include an outdoor kitchen/bar and grill areas, gaming lawns and ample lounging areas. The community will also feature an outdoor dog run, a combined pet and bicycle wash facility along with bike repair and storage areas. Residents will also have access to a state-of-the-art fitness center.

Apartment interiors will include a variety of deluxe features, including stainless steel appliances, quartz countertops, tile backsplashes, luxury vinyl-plank flooring, premium cabinetry, kitchen islands, undermount sinks, full-size washers and dryers, private patios or balconies, roller shades and a variety of smart home features, including smart thermostats and keyless entry. Bathrooms will feature double vanities, tile flooring, and tile tub and shower surrounds. Select Premium Collection homes will include under-cabinet lighting and other unique upgrades.

Click here to view the full article.

PORTLAND, Ore., Aug. 8, 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 construction is underway at Modera Woodstock, a mixed-use apartment community in southeast Portland.

The podium-style community will be built to and is pursuing LEED Gold certification standards and features 194 homes and 6,500 square feet of ground-floor retail space. The community is located on Woodstock Boulevard and features a world-class Bike Score of 99 and superb Walk Score of 93, meaning future residents will have access to virtually everything they might need without the need for a vehicle. The community first broke ground in September and first move-ins are anticipated for summer 2024.

“We’re excited to add to our Portland presence and have long admired the Woodstock neighborhood,” said Chad Encinas, vice president of development in Portland for Mill Creek Residential. “The community will offer a ‘Main Street’ feel in that the immediate neighborhood is extremely walkable and provides easy access to downtown, while far enough removed to maintain an urban-suburban vibe.”

Situated at 4804 SE Woodstock Boulevard, Modera Woodstock is approximately six miles from downtown via nearby SE McLoughlin Boulevard. In addition to various brewpubs, restaurants and nightlife options within the neighborhood, Modera Woodstock is surrounded by several recreational outlets, including Westmoreland Park, Woodstock Park and Eastmoreland Golf Course. Residents will also have near-immediate access to a New Seasons Market grocery store, which sits two blocks from the community.

Community amenities include a resident clubhouse, landscaped courtyard, rooftop deck with grilling area and fire pit, game room with foosball and air hockey, mini theater room with video gaming capabilities, coffee bar, pet spa and a club-quality 24-hour fitness studio, Peloton bike and rower, TRX system, cardio equipment and rock-climbing wall. The community will also feature controlled-access garage parking with EV-charging stations.

Modera Woodstock will offer studio, one-, two- and four-bedroom homes, including five affordable apartment homes. Apartment interiors will include a variety of luxe features, including nine-foot ceilings, wood plank-style flooring, stainless steel appliances, pull-down faucets, quartz countertops, electric ranges, soft-close cabinets, in-home washers and dryers, walk-in closets, a key fob system and private patios or balconies. Residents will also have access to digital package lockers, bike repair station, dedicated bike storage and additional storage.

Click here to view the full article.

CELINA, Texas, Aug. 4, 2023 /PRNewswire/ — Mill Creek Residential, a leading developer, operator and investment manager specializing in premier rental communities across the U.S., today announced the start of preleasing at Amavi Celina, the company’s first single-family build-to-rent community within Texas.

The 45-acre development, situated about 40 miles north of downtown Dallas in one of the state’s fastest-growing cities, features a combined 271 cottages, townhomes and single-family detached homes. First move-ins are anticipated for later this month.

“Celina continues to become one of the most sought-after locales in North Texas, and we look forward to opening our doors to our first residents,” said Aubrey Dym, regional vice president of land acquisition for Mill Creek Residential. “Like many emerging suburban markets, Celina exhibits strong demand for quality housing but has few single-family build-to-rent options. We’re eager to help address that demand and offer a best-in-class product that will be attractive to a variety of resident profiles.”

Situated at 1512 Mill Creek Way near the southeast corner of Coit Road and Choate Parkway, Amavi Celina sits one mile east of Preston Road and less than one mile south of the new Collin County Outer Loop. These roads provide quick connectivity to the Dallas North Tollway, the gateway to many of the city’s thriving employment sectors.

Amavi Celina’s 155 cottages primarily consist of detached homes with one-, two- and three-bedroom layouts, all with 10-foot private backyards and surface parking. The 94 townhomes, which range from 1,525 to 1,640 square feet, feature three-bedroom layouts with covered back porches, attached two-car garages and large backyards. The 22 single-family detached homes offer four bedrooms, attached two-car garages, oversized back yards and average a robust 2,200 square feet.

Community amenities include a 3,000-square-foot clubhouse with a fitness center, swimming pool with deck area, dog park, playground, green space and 1.1 miles of onsite trails that lead into Celina’s larger trail system. The community also features contemporary streetscapes and attractively manicured common areas. Home interiors are equipped with stainless steel appliances, in-home full-size washers and dryers, wood plank-style flooring throughout, chef’s islands, granite countertops, ceiling fans and smart home technology with keyless entry, smart thermostats and pre-wiring for video doorbells.

Click here to view the full article.

SHERRILLS FORD, N.C., Aug. 3, 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 first move-ins are underway at Amavi Sherrills Ford, a single-family build-to-rent community situated approximately 35 miles north of downtown Charlotte.

The master-planned community, which offers a mix of 134 cottage-style homes, is part of the greater Village at Sherrills Ford mixed-use community, which includes retail and dining options in addition to a Publix supermarket.

“The Sherrills Ford area continues to become a sought-after living destination yet does not have many options for quality single-family rental housing,” said Scott Herr, president of single-family rentals in the Southeast for Mill Creek Residential. “We’re eager to become a central component of a new neighborhood and to offer a best-in-class living option in the area. We’re excited to welcome our first residents to Amavi Sherrills Ford.”

Situated along Highway 150 at 4050 Freesia Street, Amavi Sherrills Ford sits approximately 12 miles west of Mooresville, N.C., and within a 20-minute drive of Lake Norman State Park. The community is also near a mountain creek park that features nearly 20 miles of multiuse trails. Additionally, residents will be within a 20-minute drive of Cornelius and within 25 minutes of Huntersville.

Amavi Sherrill Ford’s cottage homes will feature two- and three-bedroom homes with sizable layouts. The floor plans measure 992 square feet for two-bedroom homes and 1,275 square feet for three-bedroom homes.

Common-area amenities at the pet-friendly community include an expansive resident clubhouse and leasing office, resort-style swimming pool with spacious sundeck and cabana, outdoor gathering areas, pet park and open green space. The community also features modern streetscapes and aesthetically manicured common areas. Home interiors are delivered with stainless steel appliances, Yale smart pin lock entry system, pre-wired for video doorbell, in-home washer and dryer, wood plank-style flooring, chef’s islands, quartz countertops, ceiling fans, private patios and pet doors leading to fenced-in yards.

Click here for the full article.

FORT WORTH, Texas, Aug. 2, 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 Walsh, a contemporary apartment community in the Walsh development on the west side of Fort Worth.

Modera Walsh, which consists of 379 apartment homes, sits at the confluence of Walsh Parkway and Interstates 20 and 30 – the primary east-west thoroughfares serving the Dallas-Fort Worth metropolitan area. The community is part of an 80-acre district being built just south of Interstate 30 along South Marys Creek, which is expected to include a mix of future office buildings, retail, upscale housing and restaurants. The emerging district currently includes a Cook Children’s location offering pediatric, urgent care, and orthopedic and sports medicine specialty care.

Surrounded by rolling hills, two lakes, live oaks and long-range vistas, Modera Walsh embraces the unique topography with special plans for open spaces, parks and recreational trails. First move-ins are anticipated for later this month.

“Walsh is one of the most desirable living destinations in the DFW metroplex,” said Michael Blackwell, senior managing director of development in North Texas for Mill Creek Residential. “It fills a unique niche in the market because of its quick access to the heart of Fort Worth, its outstanding school system, forward-thinking design and rolling terrain with recreational opportunities unlike anywhere else in the metro area. The natural landscape and thoughtful planning create a unique setting and there is a remarkable sense of community at Walsh, so we could not be more excited to join the neighborhood.”

“Walsh is a premier place to live and a growing hub for jobs and economic activity along Fort Worth’s west corridor,” said Ryan Dickerson, CEO at Walsh Companies. “Modera Walsh will be a catalyst for growth and positive progress as we continue to attract the best partners in all aspects of the development.”

The award-winning Walsh development spans more than 7,000 acres and is one of the largest mixed-use developments underway in the U.S. within minutes of a major city center. The surrounding Aledo Independent School District is regarded as one of the premier districts in the DFW area and routinely ranks in the top 10 school districts in the state.

Designed to offer a variety of upscale options, the three-story community features 335 conventional apartment homes, 20 townhomes and 24 casita homes contained within six quadplex buildings. The conventional homes include one-, two- and three-bedroom layouts averaging a generous 959 square feet. The three-bedroom townhomes average 1,859 square feet while the quadplex homes, which feature one- and two-bedroom layouts, average 952 square feet. Both the townhomes and the casitas have attached parking garages and additional private garages are available throughout the community.

Homes will be delivered with a variety of refined features, including front-control electric ranges, side-by-side refrigerators, hidden-control dishwashers, premium granite countertops, wood-plank flooring, tile backsplashes, matte black plumbing fixtures and finishes, kitchen islands, oversized primary bedrooms, 10-foot ceilings and 42-inch custom cabinetry. Smart features include programmable thermostats, key fob access, mobile-app entry and ultra-high-speed WiFi.

Inspired in part by the renowned resort community of Alys Beach and intentionally woven into the surrounding landscape, the architecture and community amenities offer a lifestyle that is sophisticated but relaxed in an environment that is completely connected.

Click here to view the full article.

HOUSTON, Aug. 2, 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 Beckett Cottingham, the first apartment community representing the company’s new attainable housing brand.

Beckett Cottingham, which spans 16 acres in south Houston, features 360 apartment homes contained within 11 three-story buildings on the southwest corner of Cottingham Street and Schurmier Road.

“We’re excited to launch our newest addition to the Mill Creek family of brands, Beckett by Mill Creek, and believe Beckett Cottingham will serve as a tremendous first addition to our attainable housing portfolio,” said Jeb Cox, senior managing director of development Mill Creek Residential. “Demand for quality housing has increased as the area continues to grow and with the multitude of surrounding employment opportunities, and we’re eager to help address that demand with this exciting new community.”

Mill Creek has additional Beckett by Mill Creek communities in the planning stages in the Houston area, and additional communities in the pipeline nationwide.

Located at 13958 Cottingham Street, Beckett Cottingham is positioned just north of Beltway 8 and approximately 10 miles south of the Texas Medical Center, which has helped spur significant growth in the southeastern portion of the city. The community also sits one mile north of thriving Pearland and within 13 miles of the Port of Houston, one of the nation’s most active ports. Additionally, the community is located adjacent to South Belt Central Business Park, which when complete will feature more than 3.5 million square feet of industrial business space.

Beckett Cottingham offers one- and two-bedroom homes with an average square footage of 1,026 square feet and various layouts available. Community amenities include a 5,000-square-foot clubhouse, outdoor swimming pool, grilling area, outdoor kitchen, pool table, 24-hour fitness studio, conference room, landscaped courtyards and rentable private garages. The pet-friendly community also includes an onsite dog park and dedicated dog run.

Apartment features include 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 include tile shower surrounds and linen closets.

Click here to view the full article.