Mill Creek Breaks Ground on Its Second Arizona Community with 360-Unit Modera Reserve in Kierland Neighborhood of North Scottsdale

SCOTTSDALE, AZ – 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 Reserve, a contemporary apartment community in the high-end Kierland neighborhood of North Scottsdale.
Modera Reserve, which will feature 360 apartment homes, marks Mill Creek’s second development in its recently unveiled Arizona portfolio and sits one mile southwest of inaugural community Modera Kierland. Modera Reserve is located directly adjacent from Kierland Commons and within a half-mile of the well loved Scottsdale Quarter, two of the neighborhood’s most vibrant outdoor shopping centers. First go-ins are anticipated for spring 2025.
“The Kierland area adjacent to North Scottsdale can be considered the premier live, work, play submarket in the Phoenix metro, and Modera Reserve represents one of the last remaining multifamily opportunities in the area,” said Tyler Wilson, managing director of development in Arizona for Mill Creek. “We believe the premier location at the southeast corner of Greenway Parkway and Kierland Boulevard is truly unbeatable, as it puts residents across the street from Kierland Commons, within walking distance of other nearby amenities and within a small commute to anything they might need. Additionally, the immediate locale will offer a private, comfortable living experience that will allow residents to unwind when they are home. We look forward to offering a best-in-class experience.”
Situated at 14811 N Kierland Boulevard, Modera Reserve will feature a wrap-style design, three courtyards and 10,000 square feet of interior amenity space. Located between Paradise Valley and the McDowell Mountains, the community is within walking distance of The West Kierland Resort and within a small commute of the neighborhood’s vast array of additional dining, retail and entertainment options. Residents will also have accessibility to numerous recreational outlets, including Kierland Park, Desert Shadows Greenway Park and several others.
Modera Reserve will feature studio, one-, two- and three-bedroom homes with various layouts and an average size of 938 square feet. Community amenities will include a hotel-style lobby with stone cladding and a water feature, resident lounge, coworking spaces to cater to the ever-increasing remote worker, clubroom with pool table, media room and glass offices. An outdoor amenity deck will include a resort-style swimming pool, outdoor kitchen and grill areas, game lawn, putting green and a dog park. Residents will also have access to a state-of-the-art fitness center, sauna, spa and a digital package room.
Apartment interiors will include a variety of deluxe features, including stainless steel appliances, quartz countertops, tile backsplashes, luxury vinyl-plank flooring, premium cabinetry, kitchen islands, undermount sinks, under-cabinet lighting, full-size washers and dryers, private patios or balconies, roller shades and a variety of smart home features, including smart thermostats and keyless entry. Bathrooms will feature double vanities, tile flooring, tile tub and shower surrounds and backlit LED mirrors. Select “premium collection” homes will include wine refrigerators and other premium upgrades.

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Aventon Companies Breaks Ground on 336-Unit Aventon Mikasa Luxury Apartment Community in Clements Ferry Corridor of Charleston

CHARLESTON, SC – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announced that it has broken ground on its second luxury apartment community within Charleston. Part of the burgeoning and attractive Clements Ferry corridor, Aventon Mikasa will house 336 units built over 19 acres and consist of four-tale elevator-serviced buildings.
With the option of one, two and three-bedroom spacious floorplans, each apartment within Aventon Mikasa will offer top-of-the-line finishes and amenities. Also included are a clubhouse with remote working lounge, game room and fitness center as well as a resort-style pool. Its premier location will provide simple access to multiple major employment nodes including Joint Base Charleston, Downtown Charleston Peninsula, Port of Charleston, and Charleston Airport as well as adjacent Boeing and Mercedes manufacturing plants. The site, which is poised to become the premier luxury asset in the high-end Daniel Islandsubmarket, will also offer proximity to expansive dining and shopping options. The Charleston region was recently ranked by Travel + Leisure as the ‘Best City in the U.S.’ for the 10th year in a row.
“With the debut of Aventon Mikasa, we look forward to deepening our footprint here in Charleston, a high-end and rapidly growing, yet still underserved, community,” said Ron Perera, Senior Managing Director. “The property will not only offer close proximity to the historic downtown Charleston peninsula but will also serve as the ideal commuting location for residents in this ultimate live, work and play destination.”
Aventon Mikasa’s buildings were designed by Scott + Cormia, with interior design curated by Studio 5 Interiors, Inc. Civil and landscaping for the property was made by renowned Charleston engineering firm, Thomas & Hutton. The community is located near the intersection of Clements Ferry Road and Charleston Regional Parkway and is expected to open for leasing in Fall 2024. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

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Greystar Launches New Renting Experience with 378-Unit Ltd. Med Center Apartment Community in Texas Medical Center District

HOUSTON, TX – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced that go-ins begun at Ltd. Med Center.
“We’re excited to welcome residents to Ltd. Med Center and what it means for Houstonians,” Brian Herwald, Managing Director, Development at Greystar. “We have reinvented renting by making the leasing and renewal processes much simpler. We want our residents to live simply and simply live, which they can do here at Ltd. Med Center. We’ve seen an incredible and consistent response since we opened the doors in early March, which just goes to show that there is strong demand and an unmet need for this new type of product.”
Ltd. Med Center features a pressure-free leasing process that includes self-guided or virtual tours and limited rent increases. Renewals will be capped at 3 percent or tied to the 12-month change in the Consumer Price Index, whichever is greater, so residents will always know what their renewal rate will be months in advance. The community’s purpose is to provide lower rents for Houstonians in quality housing.
The community has two base floorplans available in one- and two-bedroom layouts. This uniform design allows for quicker construction that keeps costs—and rents—lower than typical multifamily building projects. The leasing process has also been streamlined and can be completed quickly.
Ltd. Med Center residents can delight in additional options like a personal garage, reserved parking and storage units. Apartment homes have convenient keyless door entry, app-enabled thermostats in each as well as access to community-wide Wi-Fi, Fetch package delivery and valet trash service.
The community is conveniently located near the Texas Medical Center (TMC) and NRG Stadium in an area that is ready to grow as TMC starts to expand its footprint.

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