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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.”
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.
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.
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.
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 studios, 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.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the addition of Paragon Theaters to Founders Row, a mixed-use lifestyle center in the heart of Falls Church.
Paragon Theaters will add 600-plus seats and seven screens, including its innovative Lux Box concept featuring heated “Zero Gravity” reclining seats, complete with privacy walls. Guests can enjoy an array of food and beverage conveniently delivered to their seats with the convenience of QR code ordering. In addition, Paragon will bring its Axis 15 Extreme, a ground-breaking large format Auditorium with a 65-foot screen tilted 15 degrees for optimal viewing. Axis 15 Extreme will feature Laser projection, Dolby Atmos sound and 3D capability.
The area’s most advanced moviegoing experience is coming to Founders Row, which sits at the intersection of West Broad and North West Streets about 10 miles west of Washington, D.C. The theater, which will also include a full-service restaurant and bar along with “Barcade” entertainment options on the ground floor, will join the retail landscape at Founders Row that also includes restaurants Ellie Bird, Chasin’ Tails, Nue, Roll Play Vietnamese Grill, Kyu Ramen and Kyo Matcha, along with other retailers such as Club Pilates and 4Ever Young Med Spa.
“We are thrilled to welcome Paragon Theaters to Founders Row,” said Joe Muffler, senior managing director of development for Mill Creek Residential. “While previous efforts to bring a theater to the City of Falls Church were thwarted by the pandemic, we have nevertheless worked tirelessly to realize the vision that we set to create when this project was first approved in 2016. We firmly believe in the future of movies and the exhibition industry, so this is the best possible outcome to partner with such a high-level theater operator. We believe the addition of Paragon Theaters will further transform Founders Row into a true destination community.”
Paragon Theaters was formed in 2009 by former Muvico Entertainment executives Mike Whalen, Jr. and Mike Wilson. The company has a proven track record of building, retrofitting and operating successful movie theaters throughout the southeast U.S. Paragon’s portfolio currently consists of seven operating theaters in Florida, North Carolina and Virginia, with the most recent theater addition the brand-new Paragon Fenton location in Cary, N.C., which opened in summer 2022.
“Founders Row is a genuinely unique development that attracts a wide array of residents and visitors, and we’re eager to make it the next home of Paragon Theaters,” said Mike Wilson, Co-CEO of Paragon. “We believe the theater will become an immediate attraction and offer an unmatched entertainment experience in the area.”
Founders Row boasts a centralized location within Falls Church, a charming inside-the-Beltway suburb of Washington, D.C. that features a thriving school system, an active arts and cultural presence, and direct access to the Washington & Old Dominion (W&OD) trail, a paved 45-mile rail trail that extends through northern Virginia.
“With new development, the City consistently seeks to bring in popular amenities like great retail, restaurants and entertainment that residents and visitors can all enjoy,” said Falls Church Mayor P. David Tarter. “We congratulate Mill Creek on this milestone at Founders Row and look forward to welcoming Paragon Theaters to the City.”
Located at 110 Founders Avenue, Founders Row includes 80,000 square feet of overall luxury retail space and offers two distinct apartment communities. Modera Founders Row is a contemporary market-rate community featuring 322 homes, and Verso Founders Row is a 72-home age-restricted community dedicated to individuals 55 years and older.
“Adding our anchor back into the mix at Founders Row is extremely exciting,” Muffler said. “We have spent nearly a decade curating a vision with our partners, CrossHarbor Capital Partners, and the City of Falls Church to create an exciting, boutique lifestyle entertainment environment within the Beltway. Combining Paragon with Michelin-award winning chefs at Ellie Bird, and best-in-class operators such as the HEH Group, IVEA Restaurant Group and our other retailers, fulfills that goal, and we are thrilled to be opening retail at Founders Row before the end of 2022.”