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Mill Creek Begins Lease-up at Modera Tempo Apartments


Alexandria, Va. (PRWEB) January 06, 2015

Mill Creek Residential, a leading multifamily developer, investor and operator specializing in premier apartment communities across the U.S., today announced the start of leasing at Modera Tempo, its newest Alexandria, Va., apartment community developed in a joint venture with AEW Capital Management. AEW is developing the property on behalf of one of its institutional clients.

The mixed-use community featuring 492 apartment homes is the catalyst for the City of Alexandria’s Landmark/Van Dorn Small Area Plan, which will transform the Landmark/Van Dorn corridor into a lively, urban neighborhood and one of the finest mixed-use communities in the Washington, D.C., metro area. Located on the corner of South Van Dorn and South Pickett Street, Modera Tempo offers residents a transit-friendly and walkable lifestyle with on-site coffee shops, fast-casual restaurants and daily-use retailers blended with a host of unique, luxurious amenities.

“Alexandria is an incredible city where residents can truly live a walkable lifestyle that a growing number of people throughout the country can only aspire to live today,” said Amirali Nasserian, vice president of development for Mill Creek Residential. “Walkability combined with the community’s close proximity to the capital are attributes which continue to drive demand for more apartment homes in this historic city. And Modera Tempo is a truly unique community with lifestyle enhancing amenities and services alike.”

Modera Tempo is situated within minutes of the Van Dorn Metro Station, providing quick access to Washington, D.C., Ronald Reagan National Airport and endless shopping, dining and entertainment destinations. Other nearby attractions to Modera Tempo are Old Town Alexandria and soon-to-be redeveloped Landmark Mall, which is scheduled to be transformed into a mixed-use property with high-end shopping and dining destinations.

The community consists of studio, 1- and 2-bedroom apartment homes surrounded by unique, lifestyle-enhancing amenities, such as a dog spa, yoga studio, social kitchen and bike storage. Additional amenities at the Alexandria apartments include a 24-hour fitness center, two hotel-inspired pools, three private courtyards, one public/retail plaza with outdoor seating and free Wi-Fi in community common areas. Residents also enjoy complimentary shuttle services, valet dry cleaning and package acceptance. For those who commute in their cars, there’s a large parking garage with plenty of spaces for all residents.

The Modera Tempo apartment homes are fitted with upscale, luxury finishes, including granite or quartz kitchen counters, cultured marble counters in baths, custom cabinets, stainless steel appliances, wood-plank-style flooring, open floor plans and high ceilings.

Including Modera Tempo, Mill Creek owns and operates 1,979 apartment homes, and has begun construction on more than 1,000 additional apartments, in the Washington, D.C., metropolitan area.

About Mill Creek Residential

Mill Creek Residential Trust LLC is a national multifamily company focused on the development, acquisition and operation of apartment communities in targeted markets nationwide. The company proactively pursues development, acquisition and construction opportunities through its seasoned team of real estate professionals in 14 offices across the United States. Mill Creek is building its portfolio in many of the nation’s most desirable apartment markets in Seattle, Portland, the San Francisco Bay area, Southern California, Denver, Dallas, Austin, Houston, South Florida, Tampa, Orlando, Atlanta, Washington, D.C., New Jersey, New York, and Boston. Currently, the company’s portfolio comprises 29 communities representing nearly 13,000 apartment homes that are operating, under construction or in planning. For more information, please visit http://www.MillCreekPlaces.com.

About AEW

Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage over $ 50.5 billion of property and securities in North America, Europe and Asia (as of September 30, 2014). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Hong Kong and Singapore, as well as additional offices in eight European cities. For more information please visit http://www.aew.com.