FORT LEE, NJ – 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 Fort Lee, a contemporary high-rise apartment community located along New Jersey’s Gold Coast.
Modera Fort Lee, which will feature 253 apartment homes, sits just south of the George Washington Bridge overlooking the Hudson River and will feature permanently unobstructed views of the New York City skyline. The community will be built to, and is pursuing, LEED Silver™ Certification. First go-ins are anticipated for November 2026 with a second phase to be developed at a later date.
“With its proximity to New York City and the surrounding employment markets, Fort Lee continues to become a sought-after living destination,” said Maria Masi, senior managing director of development in New Jersey for Mill Creek Residential. “We believe Modera Fort Lee will distinguish itself by providing outstanding amenity spaces and premium interior finishes that enhance the overall living experience for our residents. We look forward to providing a top-of-market experience and will aim to become the preferred choice for the market’s discerning renters.”
Situated at 55 Main Street, Modera Fort Lee features convenient access to key thoroughfares Interstate 95/New Jersey Turnpike and I-80. The community is within a 30-minute commute of Midtown Manhattan, considered the finance capital of the world, and 20 minutes from Yankee Stadium and MetLife Stadium, home of the New York Jets, New York Giants and several large-scale events. Within Fort Lee and the surrounding Bergen County waterfront neighborhoods, future residents will have access to an abundance of dining, retail and entertainment options.
Modera Fort Lee will offer studio, one-, two- and three-bedroom homes with various layouts and an average size of 972 square feet. Community amenities will include a sixth-floor outdoor swimming pool, 18th-floor rooftop deck and sky lounge, grilling area with fire pit and outdoor dining space, resident clubhouse, landscaped courtyards, dedicated dog run and pet spa, game room with shuffleboard and pool table, coffee bar, conference room, coworking spaces, private workstations and a club-quality fitness center featuring cardio equipment, individual TVs, Matrix workout equipment and a yoga/Pilates studio. Residents will also have access to a podcast/TikTok studio, controlled-access parking, EV charging stations, digital package lockers, dedicated bike storage and additional storage options.
Homes will feature two distinct color themes and a variety of refined features, including nine-foot ceilings, oversized windows, wood plank-style flooring, stainless steel appliances, custom cabinetry, quartz countertops, tile backsplashes, pull-down faucets, pendant lighting, built-in desks, in-home washers and dryers, high-efficiency HVAC and in-home water heaters, walk-in closets and private patios or balconies. Smart features will include a key fob system, smart thermostats, controlled-access guest technology and bulk WiFi. Bathrooms will include soaking tubs, backlit mirrors and double vanities.

Powered by WPeMatico

SAN ANTONIO, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of Arya Grove Apartments in Northeast San Antonio. With this acquisition, Knightvest now has an established portfolio of six assets in San Antonio. The close of Arya Grove Apartments represents the third acquisition in Knightvest s Fund II. Knightvest has established a steady acquisitions pipeline for its second fund and has additional acquisitions plotted to close near year-end and early 2025.
Originally built in 2006, the 308-unit property is situated along the outer Loop 1604 in the rapidly growing Live Oak and Universal City areas. Knightvest has extensive experience operating in this submarket, having renovated and operated a comparable community within 2 miles of Arya Grove. Knightvest plans to renovate the apartment units in addition to making enhancements to the common areas and amenities of the property. As part of the renovation, Knightvest will rename the community to Sagebrush Apartments.
We re increasingly optimistic about the overall market right now, and this marks our second acquisition in the past month as we continue to do our strategy of investing in multifamily communities from the 2000 s and renovating them to a level that would be comparable to new construction, said David Moore, Knightvest founder and CEO. The proximity to a successful project nearby, combined with the impressive regional growth trends, made this opportunity initially intriguing, and we re excited to expand our growing portfolio across Central Texas with the addition of Sagebrush Apartments.
The Northeast San Antonio submarket offers a unique opportunity, as the region has experienced rapid growth with less multifamily construction compared to neighboring Northwest and Far North San Antonio. Additionally, the proximity of Sagebrush Apartments to the major highway interchange of I-35 and Loop 1604, makes it well-positioned to benefit from ongoing growth between Austin and San Antonio, contributing to the larger Texas Triangle s expansion. Over the past four years, San Antonio alone has seen an influx of 40,000 new residents annually, underscoring the region s attractiveness and Knightvest s confidence in the long-term potential of the area.

Powered by WPeMatico

SARASOTA, FL – Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, announced the start of leasing at Cordelia, a luxury high-rise community in Downtown Sarasota, Fla., on Sarasota Bay.
Part of a 14-acre master development, Cordelia includes 240 luxury homes and 13,811 square feet of ground floor retail space. The community sits along a central green space with spectacular views of the bay and exceptional access to downtown. Cordelia will feed off its vibrant and diverse location, combining a unique blend of urban energy and natural beauty for a distinctly upscale Florida living experience.
“Cordelia is designed to capture and complement both downtown and bayside vibes, and offer residents the best of both worlds,” said Cameron Palm, Senior Development Manager with Quarterra. “From the community’s exquisite large balconies with waterfront views and top-flight amenities package to the seemingly endless dining and entertainment opportunities, residents will find themselves in an ideal place to live their best lives. It’s exciting to reach this milestone in the property’s development and stride one step closer to welcoming residents home.”
Situated at 468 Quay Commons, Cordelia positions residents within simple reach of a myriad of downtown dining destinations. Hot spots include: 1592 Wood Fired Kitchen & Cocktails, Boca, The Breakfast House, Café Epicure, Caragiulos, C’est La Vie, Drunken Poet, Duval’s, Indigenous, Jack Dusty, Lila, Made, Mattison’s City Grille, Mediterraneo, Owen’s Fish Camp, II Panificio, Pho Cali, Sage, Selva, Siegfried’s Restaurant, and State Street Eating House + Cocktails. Ocean Prime is slated to open later this year giving residents another high-end restaurant experience.
Residents will also find themselves in close proximity to shopping at Main Street, St. Armands Circle and The Mall at University Town Center, as well as the Sarasota Farmers Market. Entertainment venues, including Van Wezel Performing Arts Hall, Sarasota Opera House, Sarasota Orchestra, The Belle Haven, The Florida Studio Theatre, The Asolo Repertory Theatre, IMG Sports Complex, Robarts Arena, Ed Smith Stadium, The Bay Park and The John and Mable Ringling Museum are also nearby.
Cordelia is positioned along Tamiami Trail and adjacent to Fruitville Road, providing simple connectivity to the rest of Sarasota and surrounding municipalities. SCAT bus service and Bay Runner trolley are both easily accessible from the property, making simple commutes to regional employers like Bealls, Tropicana, PGT Industries and Sarasota Memorial Healthcare. A newly designed trail system skirts the perimeter of the community, accessing the bay, beaches and parks. A seven-floor above/below ground parking garage, featuring several EV charging stations, will accommodate resident vehicles.
Cordelia consists of studio, one-, two- and three-bedroom apartment homes. Homes range from 558 to 1,480 square feet and are highlighted by floor-to-ceiling windows, designer pendant and sconce lighting and ceramic tile flooring in living spaces. Kitchens showcase under-cabinet lighting, stainless steel appliances, shaker cabinets, quartz countertops, islands, tile backsplashes and wine fridges. Bathrooms include oversized tubs and walk-in showers.
All residents have access to a picturesque rooftop pool, sky terrace and sun deck with outdoor bar, grill stations, fireplaces and lounge areas. Other amenity highlights include a catering kitchen, flex fitness studio, yoga studio, pet spa, maker space, co-working spaces, private dining area, wine lounge with tasting room, and gaming room with golf simulator.

Powered by WPeMatico