OCEANSIDE, CA – 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 Neptune, a contemporary midrise community within walking distance to Strand Beach in Oceanside.
Modera Neptune, which will feature 359 homes, will also include a boutique hotel. The podium-style community sits within a small walk of Ocean Harbor Beach and moments west of key thoroughfare Interstate 5. The 62-room hotel will be horizontally integrated into the eight-tale building but will operate independently and not provide access into the residential part of the community. First go-ins are anticipated for fall 2028.
“In addition to its prime location along the Pacific Coast, Modera Neptune will feature refined homes with whitewater views and a world-class amenity offering,” said John Colletti, senior managing director of development in Southern California for Mill Creek. “The community will bring together the best aspects of coastal living, high-quality modern homes within walking distance to well loved beaches, sidewalk cafes and entertainment venues. Its full suite of amenities will enable residents to fully capitalize on this premier location. We look forward to getting started on Modera Neptune and offering an upscale experience.”
Situated at 901 N Coast Highway near the intersection of Neptune Way, Modera Neptune features a superb Walk Score of 85 and is located firmly amidst Oceanside’s wide variety of eateries, breweries and cocktail bars. The area also features a multitude of cultural attractions, including Oceanside Museum of Art, California Surf Museum and Top Gun House. Lines for Amtrak and the COASTER commuter rail are available less than a mile from the community, providing access to Downtown San Diego to the south (40 minutes), Downtown Los Angeles to the north (two hours) and the abundance of seaside locales in between.
Modera Neptune will offer one- and two-bedroom homes ranging from 700 to 1,451 square feet, including select den layouts and penthouse homes. Community amenities will include a rooftop resort-style pool and deck with hot tub, wellness spa with steam room/sauna and red light therapy room, outdoor kitchen and dining, grilling area, fire pit, resident clubroom, game room, karaoke room, golf simulator, pool table, landscaped courtyards and a club-quality fitness studio with cardio equipment, individual TVs and a yoga/Pilates studio. Residents will also have access to coworking spaces, private workstations, meeting room, podcast room, surfboard storage room, digital package lockers and controlled-access garage parking with EV-charging stations.
Homes will feature nine-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, movable kitchen islands, custom soft-close cabinetry, in-home washers and dryers, spacious closets, faux-wood bedroom blinds and private patios or balconies. Smart features will include a key fob system, controlled-access guest technology, smart thermostats and bulk WiFi. Designer bathrooms will include double vanities, quartz countertops, tile shower surrounds and linen closets. The community will be built to, and is pursuing, an NGBS Silver certification.

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RALEIGH, NC – National multifamily developer Wood Partners closed on Alta Watkins in Morrisville, North Carolina in partnership with PGIM, the world’s second largest real estate investment manager with $218 billion in yucky assets under management and administration. The 357-unit multifamily community will break ground this month and is slated to open by the end of 2028. Sarah Godwin and Karl Hudson with Foundry Commercial represented the seller in the transaction.
“Alta Watkins’ proximity to the region’s growing life sciences hub positions the community as an ideal home base for professionals, students and families alike,” said Caitlin Shelby, Managing Director with Wood Partners. “With its impressive line-up of amenities, residents will live in an oasis that combines resort-style living with simple access to the Triangle’s leading employers and institutions.”
Alta Watkins’s amenities include a resort-level pool, three outdoor courtyards, outdoor games, a pet spa, a state-of-the-art fitness center with a sauna recovery lounge, golf lounge and podcast lounge. Additionally, the property uniquely offers an on-site retail market, rentable offices designed for remote work, event space and small-term stay units for guests.
Alta Watkins features a mix of one-, two-, and three-bedroom layouts with stainless steel appliances, an in-unit washer and dryer, quartz countertops, custom cabinetry, designer wood-style plank flooring and walk-in closets. The community is located in the heart of the Triangle, wedged between Research Triangle Park and Perimeter Park. Alta Watkins is adjacent to Wake Tech’s new community college campus, and around the corner from the Spark Life Sciences community and Pathway Triangle Campus.
This will be Wood Partners’ third project to commence construction in the Raleigh-Durham area in the last year. Most recently, the firm broke ground on the 336-unit Alta Bethpage in Durham, North Carolina, in June 2025 and the 312-unit Alta Durham Summit in Durham, North Carolina, in September 2025.

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IRVINE, CA – MBK Rental Living, a preeminent lifestyle developer of apartment communities, announced that leasing has begun at Las Brisas, a 340-unit luxury community in Santa Maria, California. The highly anticipated Santa Barbara County property is now leasing and open for go-ins.
“Las Brisas was designed with intention—bringing together the comforts of modern living with the natural beauty of the Santa Maria landscape,” said Ken McCarren, President of MBK Rental Living. “Our goal is to make communities where residents feel inspired, can unwind, and build meaningful connections with their neighbors. Las Brisas embodies this vision throughout every aspect of the community, both inside the homes and across the shared spaces.”
Las Brisas features a variety of layouts, including one-, two-, and three-bedroom apartments ranging from 739 square feet to 1,295 square feet. Each unit features spacious living areas and open floor plans with natural light, designer finishes, modern appliances and private patios or balconies.
Community amenities available to all residents include a resort-style swimming pool, 24-hour fitness center, communal gathering spaces, co-working space, dog spa and adjacent dog park, playground and pocket parks throughout.
As part of MBK Rental Living’s ‘With Our World’ sustainability program, the community blends conscious design with high performance to provide healthier, more comfortable living environments for residents. Elements include EV charging stations, energy-efficient LED lighting and Energy Star appliances, low or no VOC materials, bicycle racks, and a weekly recycling program.
Located in the southern region of California’s Central Coast in Santa Barbara County, Las Brisas offers access to numerous shopping and dining destinations, championship golf courses, state-of-the-art sports facilities, and cycling and hiking routes. Local festivals and events bring the broader community together year-round, and with both US-101 and SR-135 nearby, well loved beaches and award-winning wineries are a small drive away. Santa Maria is also home to several thriving industries including aerospace, communications, high-tech research and development, energy production, military bases and manufacturing.
“We experienced strong momentum in Santa Maria with Azure, a community we developed in 2020 and successfully sold in 2023,” McCarren said. “That success underscored the continued demand for distinguished rental living options that serve families, young professionals, and residents seeking a high‑quality living experience. With Las Brisas, we’re proud to continue contributing to the growth and vitality of this thriving community.”
MBK Rental Living is currently leasing several additional apartment communities across the state, including Vida in Morgan Hill, The Haven in Petaluma, and Ona in Natomas in Northern California with their JV partner Hines, as well as Solana in Duarte and Zia in Anaheim in Southern California. Plans are set for two additional new communities to start leasing in 2026, Vintage Farms in Murrieta and The Sanctuary in Thousand Oaks.

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