ATLANTA, GA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Parkside, a luxury mixed-use apartment community near Atlanta’s esteemed Piedmont Park.
The 32-tale 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 go-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 simple walk to Atlanta’s most well loved 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 fantastic 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 Ancient Ivy and Modera Reynoldstown.

Powered by WPeMatico

REDMOND, WA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the completion of subsurface work and start of vertical construction of The Piper, a luxury community directly fronting renowned Marymoor Park in Redmond, Wash. The Piper is developed in close partnership with QuadReal Property Group.
With its expansive homes and silent, contemplative atmosphere, The Piper’s 284 fully air-conditioned apartments will provide a distinguished setting that caters to established professionals seeking an active lifestyle. The community is situated on one of only three buildable sites with direct frontage on Marymoor Park within the core of the rapidly developing Marymoor Village. A market leading suite of amenities will cascade into the 640-acre Marymoor Park, a regional outdoor epicenter home to a summer concert series, a robust trail system, various sports facilities, a premier 40-acre dog park and climbing wall.
“Positioned at the front steps to Marymoor Park, The Piper will beckon residents to engage with their surroundings,” said Brad Reisinger, Regional President of Development for Quarterra in the Pacific Northwest. “With an emphasis on outdoor amenities and open-air experiences, The Piper is designed to give residents space to breathe while living within a dynamic neighborhood that offers immediate access to transit, retail and recreation.”
Through its participation in the City of Redmond’s art program, The Piper’s two five-tale mid-rise buildings will be separated by a linear pedestrian art walk pathway, highlighted by murals, sculptures and other works from 11 different artists. The community will also periodically house artists in residence in a dedicated space along the art walk.
The Piper will consist of studio, one-, two- and three-bedroom homes, ranging from 475 square foot studios to 1,400 square foot spacious three-bedroom homes to accommodate growing families. Residents will delight in access to street-fronting co-working spaces, a luxury club room and theater room, resort-style pool and spa overlooking the park, indoor kids’ playroom, outdoor kids’ play zone, outdoor plaza and a significant allocation of electric vehicle chargers. In addition to an on-site pet spa, residents of The Piper will have simple access to the 40-acre Marymoor Off-Leash Dog Park, the largest dog park in the region.
Situated at 17305 NE 67th Ct. in Redmond, the community is just blocks from the future Southeast Redmond Light Rail Station and within a small drive of key thoroughfares, including Redmond Way, State Route 520 and East Lake Sammamish Parkway, leading to Bellevue, Seattle, Sammamish, Issaquah and Kirkland. The transit access links The Piper to the regions primary tech sector employers such as Microsoft, Facebook/Oculus, Amazon, Google, Space X, Nintendo and SmartSheet. The Piper is just a few minutes from downtown Redmond, the Microsoft campus and Downtown Bellevue. Residents will also delight in walkability to Whole Foods Market and simple access to Redmond Town Center – a mixed-use shopping and entertainment development with more than 110 shops, restaurants and breweries.
The Piper is one of three joint ventures between Quarterra and QuadReal in the region including recently opened Ovation in Seattle’s First Hill and Spectra, also in Marymoor, now welcoming its first residents.
Jameson Weber, Managing Director, Head of Americas, QuadReal said: “The property location is incredible, residents of The Piper will delight in an amenities package that complements the unique and idyllic setting. QuadReal is excited to welcome The Piper into a global residential portfolio of over 65,000 rental units and continue to partner with Quarterra on new residential developments across the US.”
Debt financing was provided through JPMorgan Chase & Co. Other key members of the team include Encore Architects, Gensler as interior designer, structural engineer BCQ, land use attorney McCullough Hill Leary, and Weisman Design Group as the landscape architect. NineDot Arts curated the art collection. As a MFTE/AARCH program participant, The Piper will offer 10% of its homes at 50% area median income (AMI).

Powered by WPeMatico

BONITA SPRINGS, FL – TerraCap Management LLC, a privately held investment firm with its headquarters in Naples, FL, announced the sale of Versol Residences. The 240-unit property was built in 2020 and is located in Bonita Springs, FL.
“Versol has been a treasure to own. We have been quite pleased with the performance of this well-located asset. The rapid value creation by our Asset Management team led by Albert Livingston and Mark Hardee accelerated our exit strategy by three years. Special thanks to Jamie May and Company for assisting TerraCap on another successful transaction,” said Steve Hagenbuckle, TerraCap Founder and Managing Partner.
Versol Residences features spacious one, two, and three-bedroom units with average unit sizes just under 1,100 square feet. The unit interiors feature quartz counter and vanity tops, shaker-style cabinetry, stainless steel appliances, tile backsplash, faux wood plank flooring in the living areas, nine-foot ceilings, large windows, and a washer and dryer in each unit. Common area amenities include a clubhouse with a coffee/tea bar and a kitchen, a swimming pool, an outdoor kitchen with gas grills, a fire pit, a fitness center, a bocce court, a dog park, package receiving, and dry cleaning drop off.
“Versol is a high-quality community that is well-located in a strong market. The pandemic accelerated the in-migration and long-term demographic changes that are a hallmark of our investment thesis, allowing us to complete our business plot sooner than expected. We are thrilled to have been able to own this asset, and we appreciate Milhaus’ brilliant management of the property during our ownership period,” said Mark Hardee, TerraCap Asset Manager.

Powered by WPeMatico