WASHINGTON, DC – 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 H Street, a contemporary apartment community located on the east end of Washington, D.C.’s notable H Street Corridor.
Modera H Street, which will feature 325 homes and unimpeded views of Downtown Washington, D.C. and the Capitol, will offer residents an extensive collection of restaurants and some of the city’s trendiest nightlife and entertainment options. The midrise community will sit along the DC Streetcar, an above-ground trolley system which will allow residents to travel along the H Street Corridor without the need for an automobile. First go-ins at Modera H Street are anticipated for early 2025.
“We feel extremely fortunate to have the opportunity to add to the built environment in this neighborhood,” said Peter Braunohler, managing director of development for Mill Creek Residential. “The H Street Corridor is one of the most exciting submarkets in D.C., and unique compared to many quick-growing areas in the District, because of its deep history and authentic DC energy. We look forward to offering a best-in-class product to serve as a premier housing option in this eclectic neighborhood.”
Located at 801 17th Street NE, Modera H Street sits within proximity of six grocery stores, including ALDI and Safeway—which are adjacent to the community—along with Whole Foods, Trader Joe’s, Harris Teeter and Giant, all of which are within a 10-minute walk. The community is also close to the city’s key employment centers in both the public and private sectors, including tech and media companies, law firms, financial and consulting institutions, and the federal government. The site is less than 1.5 miles from Union Station, D.C.’s major train station and transportation hub.
Modera H Street will be built to meet LEED Silver standards, and will feature studio, one-, two- and three-bedroom homes. Community amenities will include a rooftop deck, outdoor swimming pool, fire pit, grilling area, landscaped courtyards, resident clubhouse, coffee bar and a club-quality fitness center with separate yoga studio. The pet-friendly community will also offer controlled-access garage parking, dedicated bike storage, additional storage options and EV-charging stations.
Apartment interiors will include nine-foot ceilings, wood plank-style flooring, stainless steel appliances, quartz countertops, tile backsplashes, soft-close cabinets, under-cabinet lighting, moveable kitchen islands, in-home washers and dryers, walk-in closets and smart thermostats.

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MANATEE COUNTY, FL – Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, recently broke ground on the 301 Flats and The Savoy at 301 during a ceremony with County officials and financing partners. LAC’s first new-construction projects in Florida represent an exciting avenue for the company to continue growing its nationwide portfolio and expanding its impact to communities where families and individuals lack access to affordable homes.
“At Lincoln Avenue Capital, we’re always seeking new and innovative ways to deliver high-quality, affordable housing to communities that need it most,” said LAC Managing Partner Eli Bronfman. “We are thrilled to break ground on the 301 Flats and The Savoy at 301 and grateful to our partners who helped make this a reality.”
Upon completion in 2025, the 301 Flats and The Savoy at 301 will provide 324 units of affordable housing for families and individuals, and 248 units of senior housing, respectively. These quality, affordable homes are critically needed in the North Port-Sarasota-Bradenton metropolitan area, which ranked among the nation’s most expensive mid-size metro areas in 2022.
“LAC is proud to deliver long-term affordability for families, individuals and seniors facing a housing crisis across Florida and here in Manatee County,” said Jordan Richter, LAC Vice President and Project Partner. “As a mission-driven company, we’re deeply committed to helping people place down roots in their communities by expanding access to high-quality homes.”
The 301 Flats and The Savoy at 301 will include community amenities and a range of energy efficiency features, as LAC continues to prioritize sustainability and resiliency measures in its new construction and across its existing portfolio.
Speakers at the event included Manatee County Commissioners Amanda Ballard and George Kruse, and Manatee County Deputy Administrator Courtney De Pol. Following remarks, LAC leaders and local officials formally broke ground on a section of the property.

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GLENDALE, AZ – Storm Properties announced the acquisition of The Arches Apartments, a 200-unit Class-B property garden-style community in the south Glendale submarket of Phoenix, which continues to experience unprecedented job growth and major economic development.
We are excited to add The Arches Apartments to our growing portfolio and we remain bullish on the Phoenix-area market due to the underlying fundamentals, said Jay Ahluwalia, Storm Properties president. Storm is actively seeking to expand our presence here and looks to buy several additional multi-family communities in the metro area in 2023.
Completed in 1985, the complex is comprised of one- and two-bedroom floorplans that include full-sized washers/dryers, walk-in closets, and patios. Community amenities include two swimming pools, picnic and courtyard BBQ area, fitness center, and covered parking. Residents delight in convenient access to numerous retail, employment, and entertainment venues across the West Valley.
We want to thank Trevor Koskovich and his team at Northmarq for representing both buyer and seller in this transaction, said Alan Kwan, senior director of acquisitions at Storm Properties. We would also like to thank Brandon Harrington and his team, also at Northmarq, for facilitating the Fannie Mae loan in just 24 days.
Storm Properties has bought over $100 million in Phoenix multifamily and is currently in the process of managing the value-add improvements to significantly improve operations and increase net operating income. It is also an active acquirer, developer, owner and manager of multifamily, industrial and commercial property, with a primary focus in Southern California and Phoenix. A full-service real estate firm, Storm has successfully developed over 1.3 million square-feet of industrial and commercial buildings, and 57 infill residential communities.

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