Mill Creek Announces Construction Start on 333-Unit Modera St. Paul Contemporary Apartment Community in Downtown Dallas

DALLAS, TX – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced construction is underway on Modera St. Paul, a contemporary mixed-use apartment community centrally located in one of the most walkable areas within Downtown Dallas.
The 16-tale community, with 333 homes and nearly 4,000 square feet of retail space, will be uniquely positioned at the confluence of the city’s primary employment, civic and cultural districts with delivery occurring after numerous hotels, restaurants and parks have helped to make a vibrant neighborhood in downtown Dallas. Boasting a robust Walk Score of 95, Modera St. Paul will place residents within steps of more than 200 bars, restaurants, boutiques and additional key attractions. The community will offer a full slate of first-class amenities, including unique experiences like a karaoke room, podcast studio and arcade. First go-ins are anticipated for late 2024.
“The unique pocket of downtown, which has benefitted from considerable private investment in the Farmer’s Market and what is now known as East Quarter, as well as both public and private investment in a system of nearby parks, continues to become an exceedingly attractive living destination with its proximity to everything residents desire from city living,” said Michael Blackwell, senior managing director of development in North Texas for Mill Creek Residential. “With our partners the Hamiltons, who have been instrumental in the evolution of downtown, we are excited to add Modera St. Paul to the neighborhood, which will provide walkable access to the downtown’s rapidly expanding restaurant scene and world-class parks, all while putting residents within moments of nearly 200,000 jobs in greater downtown. We look forward to offering a best-in-class living experience in the heart of Dallas.”
Situated at 400 S. St. Paul Street, the community is within a five-minute walk from the Main Street District, AT&T’s Global headquarters and Discovery District, as well as the Dallas Farmers Market. The community also features a strong Transit Score (85) and Bike Score (78). Residents will also delight in extremely quick access to the surrounding transportation network, including two DART light rail stations and Interstate 30, Interstate 35E and Central Expressway. Several destination parks with year-round programming are within a small walk of the community, including Carpenter Park, Main Street Garden and Harwood Park, which is under construction just a half-block from Modera St Paul.
Modera St. Paul is being built to NGBS bronze standards, and will feature one-, two- and three-bedroom homes with select den layouts optimized for hybrid workers. Additional community amenities will include a rooftop deck, sky lounge, seventh-floor amenity deck with outdoor swimming pool, grilling area, fire pit, outdoor dining, landscaped courtyards, resident clubhouse, coffee bar, private conference rooms, pet spa, dog run and a club-quality fitness center with cardio equipment and yoga studio. Residents will also have access to work-from-home spaces, private EV charging stations, controlled-access reserved parking and a bike storage and repair room.
Apartment interiors will include wood plank-style flooring, built-in shelving and desks, stainless steel appliances, quartz countertops, tile backsplashes, soft-close cabinets with under-cabinet lighting, premium plumbing fixtures, refrigerators with built-in water filters, in-home washers and dryers, walk-in closets and private patios or balconies. Bathrooms will feature custom backlit mirrors, double vanities, walk-in showers and tile flooring. Select homes will include moveable kitchen islands, mudrooms, separate dining areas and oversized bedrooms. The community will also offer a variety of smart home features, including smart thermostats, smart leak detection, controlled guest-access technology and ultra-high-speed WiFi connectivity provided to residents at a discount to market-pricing.

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Welker Properties Launches $95 Million 343-Unit Wolf Creek Farms Melissa Build-to-Rent Community in Dallas-Fort Worth Metroplex

DALLAS, TX – Welker Properties, a vertically integrated multifamily real estate development company, announced the $95 million development of Wolf Creek Farms Melissa Build-to-Rent (BTR), which will bring 343 Class-A units to Collin County. The project establishes Welker Properties as a leader in BTR across Dallas-Fort Worth.
While many key players in real estate are hesitant in today’s macroeconomic environment, Welker Properties is leveraging the caution of others and doubling down on their resources to build and provide much needed housing options for residents.
The gated community is strategically located between I-75 and Sam Rayburn Tollway and will bring together all the best aspects of single-family homes with detached units that have their own private yards, along with the flexibility, amenities, and maintenance free living that comes with living at a Class-A apartment.
“In the past 10 years, Dallas-Fort Worth’s population has increased by more than 20%, making an increased need for housing,” said Andrew Welker, Founder and CEO of Welker Properties. “This project is designed with best-in-class specialists to make a community that optimizes resident satisfaction across generations.”
Wolf Creek Farms’ first-class community amenities include a resort-style pool, dog park, fitness center, resident lounge, multiple open courtyards, Wi-Fi in all common areas and units, and controlled property access. Units will range from one and two car garages to cottage-style homes with the option to rent a detached garage.
Highly rated public schools and abundant retail and services, including McKinney Town Square, The Star in Frisco, and The Shops at Legacy are within simple reach of the community.
“Luxury BTR communities are emerging throughout the United States, especially in the Sunbelt markets. As these areas increase in popularity, we are proud to prioritize BTR communities that provide residents with high-quality living and the opportunity to experience everything Melissa has to offer without the long-term commitment of homeownership,” added Welker.

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Hamilton Zanze Completes Disposition of 172-Unit Woodspring Apartment Community for Affordable Housing Preservation in Tigard

TIGARD, OR – Hamilton Zanze announced the sale of the Woodspring Apartments in Tigard, Oregon to the Housing Authority of Washington County (HAWC).
This acquisition by HAWC helps preserve the affordability of a 172-unit apartment community. This success culminates four years of dedicated engagement and effort between the parties.
Mission Rock Residential is proud to continue as Woodspring Apartments property management company for HAWC, and it remains committed to providing the highest level of service to its residents.
Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has bought over $6.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 133 properties (22,543 units) across 30 markets.

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