MEDFORD, MA – 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 Mystic, a contemporary mixed-use community in Medford, Mass., just north of Boston.
The podium-style community, which will include 350 homes and 2,000 square feet of retail space, will be comprised of two buildings designed to offer an elevated yet distinct resident experience. The community sits less than a mile west of fellow Mill Creek community Modera Medford, which was developed and delivered in 2017. First go-ins at Modera Mystic are anticipated for 2027.
“Medford continues to be a preferred living destination for those who crave immediate access to the city but also seek to escape the daily bustle,” said Tim Alexander, managing director of development in Boston for Mill Creek Residential. “We look forward to getting started on Modera Mystic and adding another premier option to the area.”
Situated at 4000 Mystic Valley Parkway, Modera Mystic sits in a commuter-friendly locale that features direct access to Downtown Boston and the surrounding area. Mystic Valley Parkway serves as a key east-west thoroughfare, and the community is within a quick drive of Interstate 93 and Route 28. Residents will be within a 13-minute walk or small bus ride of the Wellington station of the Massachusetts Bay Transportation Authority (MBTA) Orange Line, which provides connectivity throughout the metropolitan area.
The community is moments away from Meadow Glen, a shopping center anchored by Wegmans, and the 62-acre Torbert MacDonald Park, a lush riverside escape with walking trails, open fields and spaces for kayaking, jogging and outdoor gatherings along the Mystic River. Several additional retail, dining, entertainment and recreational options are within a small walk or drive.
Modera Mystic will offer studio, one-, two- and three-bedroom homes with various layouts and private patios or balconies. Community amenities will consist of a top-floor sky deck, resort-style swimming pool, grilling and dining areas, resident clubhouse, conference room, coworking spaces, game room, landscaped courtyards, pet spa and a club-quality fitness center with a full suite of cardio and strength training equipment, as well as a yoga/Pilates studio. The community will also offer controlled-access garage parking with EV-charging stations, a dedicated package room, bike storage, additional storage space and controlled-access guest technology.
Homes will feature oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, movable kitchen islands, soft-close cabinets, in-home washers and dryers, spacious closets, smart thermostats, smart leak detection, bulk WiFi, keyless entry and a key fob system. Bathrooms will feature backlit mirrors, double vanities and floor-to-ceiling tile shower surrounds.
The community will be built to, and is pursuing, Passive House Institute (PHI) Low Energy Building standards. This internationally recognized certification ensures residents delight in consistently comfortable indoor temperatures, cleaner air and lower energy use through advanced building design and high-performance materials.

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SEATTLE, WA – GT Capital and Freestone Capital Management announced the acquisition of Lock Vista Apartments, a 192-unit multifamily community located in Seattle’s historic Ballard neighborhood.
Lock Vista marks the firms’ second acquisition together, following their 2024 buy of the iconic Smith Tower and Butler Garage in downtown Seattle. Both firms bring extensive experience investing across commercial and residential real estate in the Pacific Northwest and beyond.
“We’re thrilled to continue our partnership with GT Capital with Lock Vista. Lock Vista is a rare combination of character and location,” said Jason Mann, Partner at Freestone. “Ballard continues to attract high-income renters seeking access to waterfront amenities and proximity to the city’s major employers. This investment offers both immediate income and meaningful long-term growth potential for our investors.”
Originally built in 1949, Lock Vista is located just four blocks from downtown Ballard and steps from the Burke-Gilman Trail, providing exceptional walkability and convenient transit access to South Lake Union, Downtown Seattle, and the University of Washington. The surrounding area continues to benefit from strong job and population growth, driven by Seattle’s expanding technology, healthcare, and life sciences sectors.
The community features a classic brick façade, open courtyards, and views of Puget Sound and the Olympic Mountains, contributing to its enduring appeal and high resident retention. Between 2018 and 2021, the property underwent a comprehensive $13 million renovation, including modernized kitchens and baths, full electrical and plumbing upgrades, and enhanced resident amenities such as a fitness center, pool, bike room, and clubhouse.
Freestone and GT plot to continue operating Lock Vista as a well-managed apartment community while pursuing opportunities to enhance operational efficiency and environmental performance.
“Lock Vista combines the cool of neighborhood living with urban amenities at the doorstep, making a place residents want to stay for years. This is a rare opportunity to invest at scale in one of Seattle’s most desirable areas—and we couldn’t be doing it with a better partner than Freestone,” said Charlie Bauman, Partner at GT Capital.

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TAMPA, FL – Carter, a leading Atlanta-based real estate development company, announced its role as co-developer for Prospect Highland Oaks, a new 324-unit luxury apartment community in Tampa, Florida. This garden-style project, being developed in partnership with Brook Farm Group, will address the growing demand for high-quality housing in the thriving Brandon submarket.
“We are thrilled to bring Prospect Highland Oaks to the Tampa community,” said Jerome Hagley, COO/CFO of Carter. “This project exemplifies our dedication to delivering thoughtfully designed developments that not only meet the needs of today s residents but also positively impact the neighborhoods we serve. Together with our partners at Brook Farm Group, we look forward to contributing to Tampa s remarkable growth and vitality.”
Carter s experience in Florida is underscored by notable projects, including NINE15, a luxury mixed-use community in downtown Tampa; The DeSOTA, a premier apartment tower in Sarasota; Prospect Lake Wire, a sophisticated new Class-A multifamily anchored mixed-use development in historic Lakeland; Tale Wesley Chapel, a 320-unit luxury apartment community in Wesley Chapel; and Tale Lake Gibson, a 300-unit luxury apartment community in Lakeland. These developments reinforce Carter s commitment to delivering innovative, high-quality communities throughout the state and the greater Southeast region.
Located less than half a mile from the I-75 and Route 574 interchange, Prospect Highland Oaks will offer residents exceptional access to Tampa’s central business district and other key employment centers. The site is strategically positioned within one mile of the regional headquarters for JP Morgan Chase and Citigroup, which together use over 7,500 professionals. This proximity provides a convenient, walkable commute for employees of these major corporations.
The development is poised to capitalize on Hillsborough County’s strong in-migration and macro growth trends. The east side of Tampa has seen limited new multifamily supply, positioning Prospect Highland Oaks to meet growing demand in a market with minimal competition. The project team includes equity partners Mill Green Capital and Fundrise, construction lender Ameris Bank, general contractor Oxford Properties and project architect Preston Partnership.
This development underscores Carter’s commitment to making high-quality, strategically located residential communities that enhance their surrounding areas. By providing modern living spaces with unparalleled commuter access, Carter continues to contribute to the dynamic growth of markets like Tampa.

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