ST LOUIS, MO – Mission Rock Residential, a Denver-based multifamily property management company, is further expanding its Missouri presence, announced a new management contract for the Soulard Icehouse and Steelyard Apartments in St. Louis. Now operating jointly as Steelyard Apartments, the company has been issued an agreement for the management of the community by new owner Hamilton Zanze.
“By combining these two apartment communities under one consistent name, Mission Rock hopes to establish cohesiveness and a strong sense of community with its residents between the two buildings. The impressive amenities and historic roots make us confident that current and future residents will continue to experience tremendous benefits in this already-desirable neighborhood in St. Louis,” said Patricia Hutchison, President of Mission Rock Residential.
The Soulard Icehouse Apartments were renovated within the 1924 vintage historic shell of a former ice warehouse in the industrial neighborhood. These loft-style apartments were opened to community acclaim in 2016. Adjacent to that site, developers then built a new 5-tale apartment building alongside a structured parking garage, Steelyard Apartments opened in 2019, to serve both communities.
The 170 apartments feature numerous high-tech amenities such as Nest thermostats, keyless entry locks, and package delivery lockers. Shared community amenities include a rooftop deck, a saltwater pool with sun deck, a pet park and spa, a karaoke lounge, an outdoor grilling deck with multiple grills, and a business center. Two state-of-the-art fitness centers are also included. Located in close proximity to the Mississippi River, Steelyard also provides views out over the river and the famed St. Louis Arch.
One of the oldest communities in the city, Soulard is today a largely residential neighborhood whose many businesses include restaurants, bars, and the North American headquarters of Anheuser-Busch. In a recent Brookings Institution study of 70 older industrial cities, St. Louis ranked among the ones with stronger economies that are making progress on the road toward renewal and reinvention. New construction has also expanded steadily in the market thanks to the continued growth of the region’s remote workforce.

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JACKSONVILLE, FL – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has bought Sentosa Beachwalk, a groundbreaking new 348-unit multifamily community located in the Saint John s suburb of Jacksonville, Florida. The community will be renamed The Elysian.
With this acquisition, American Landmark s portfolio now stands at 30,000 units throughout the Southeast, with four communities in the Jacksonville MSA.
We remain bullish on the long-term prospects for Jacksonville and other cities in the Southeast, which we anticipate will recover quickly once the country re-opens for business, said Christine DeFilippis, Chief Investment Officer of American Landmark. Jacksonville s population grew by about 10 percent this past decade, and it has a strong back-bone of jobs in manufacturing, logistics and financial services. While the city may see some tempering of job growth moving forward, we do anticipate continued in-migration from states in the Northeast which will shore up demand for apartments throughout the region.
Brian Moulder and Dhaval Patel of Walker & Dunlop in Jacksonville brokered the transaction.
In addition to renaming the property, American Landmark plans to undertake minor property upgrades including adding USB outlets to individual apartments, installing a temperature-controlled package locker delivery system, landscape beautification and upgrades to the common areas, car wash and dog park areas.
Built in 2019, Sentosa Beachwalk is located at 65 Sentosa Drive. One-, two- and three-bedroom units include spacious floor plans, granite counter tops, stainless steel appliances and smart thermostat and light controls. Community amenities include a 24/7 fitness center, fireside lounge, resort-inspired swimming pool, volleyball courts, playgrounds and laundry and dry cleaning.
The property is conveniently located a half hour from downtown Jacksonville in Southside. It is part of Beachwalk, a new resort-style community featuring a 14-acre Crystal Lagoon and over 450,000 square feet of retail and mixed-use space, including a new Publix supermarket.

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BOCA RATON, FL – Mill Creek Residential, a leading multifamily developer and operator specializing in premier communities across the U.S., announced the formation of a programmatic joint venture with QuadReal Property Group, a global real estate investment firm. The venture will invest up to $421 million to develop and operate multifamily communities in targeted US markets over the next two to three years.
The venture has closed on its first land acquisition for the development of Modera Six Pines, a proposed Class A apartment community with 429 apartment homes in The Woodlands, Texas area.
“QuadReal is a well-respected firm with a depth of experience in the multifamily sector,” said William C. MacDonald, chief executive officer, president and chief investment officer for Mill Creek. “We are looking forward to working with this world-class organization to grow our portfolio of high-quality, award-winning communities in some of the most desirable markets in the country. This venture serves as an vital step in further developing our investment management business.”
Tim Works, managing director, Americas for QuadReal, added: “We are pleased to form this new relationship with Mill Creek, a first-rate developer and operator of multifamily communities, with whom we are keen to grow our portfolio of Class A apartment properties throughout the US. Mill Creek and QuadReal share a deep conviction in the asset class and a commitment to building and operating high quality communities.”
Hodes Weill Securities acted as financial advisor and global placement agent for Mill Creek in connection with the formation and capitalization of the investment joint venture.

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