OAKLAND, Calif., Sept. 11, 2019 /PRNewswire/ -- Mill Creek
Residential, a leading multifamily investor and operator
specializing in premier apartment communities across the U.S.,
today announced the groundbreaking of Modera Lake Merritt, a luxury
mixed-use community in Oakland's
thriving Uptown neighborhood.
Situated one block from Lake Merritt, a scenic lake and parkland
just east of Downtown Oakland,
Modera Lake Merritt will consist of 173 apartment homes and 1,650
square feet of ground-floor retail space. The site also features a
near-perfect Walk Score of 99 and is within close proximity to many
of the city's most desirable retail, dining and entertainment
options. First move-ins are anticipated for late 2021.
"Uptown Oakland has blossomed into one of the Bay Area's finest
entertainment districts, and it offers a little bit of everything,
including arts and cultural options and unique restaurants and
bars," said Dave Fiore, managing
director of development for Northern
California for Mill Creek Residential. "Residents of Modera
Lake Merritt will get the best of both worlds, as they'll be within
steps of everything the city has to offer while also having the
tranquility of the lake in their backyard. We look forward to
building a community that captures the essence of both."
Located at 1940 Webster Street, the community will be positioned
on the northwest side of Lake Merritt and offer one of the most
riveting urban lakefront views in the nation. Residents will be
within steps of 75 acres of open space and more than three miles of
lakefront pathway.
Modera Lake Merritt will also sit two blocks from a BART
commuter station and within blocks of the Lake Merritt Office
District, which includes 400,000 square feet of redeveloped office
space anchored by Square, a flourishing financial tech services
company. The city's excellent job market also includes Oracle,
Pandora Media and Kaiser Permanente.
Modera Lake Merritt will offer studio, one- and two-bedroom
homes with an average square footage of 710. The community design
will consist of seven levels of residential homes above
ground-floor retail space and one level of subterranean
parking.
Community amenities will include a stunning rooftop deck with
fire pits, barbecue grills and sweeping downtown views, a resident
clubhouse, club-quality fitness center with a yoga studio, an
automated package room and bike storage.
Apartment interiors will deliver a variety of high-end features
and finishes, including stainless-steel KitchenAid® appliances and
gas ranges, quartz countertops, custom cabinetry, Kohler plumbing
fixtures, in-home washers and dryers, floor-to-ceiling windows and
nine-foot ceilings. Select homes include a signature boutique
option.
Modera Lake Merritt is Mill
Creek's second community under construction in Oakland, joining Modera Jack London Square.
The latter recently began preleasing homes at 378 Embarcadero West
and will welcome first residents later this year.
About Mill Creek Residential
Mill Creek Residential Trust LLC is a national multifamily company
focused on the development, acquisition and operation of apartment
communities in targeted markets nationwide. The company proactively
pursues development, acquisition and construction opportunities
through its seasoned team of real estate professionals in 16
offices across the United States.
Mill Creek is building its
portfolio in many of the nation's most desirable apartment markets
in Seattle, Portland, the San Francisco Bay area,
Southern California, Denver, Dallas, Austin, Houston, South
Florida, Tampa,
Orlando, Atlanta, Nashville, Charlotte, Raleigh, Washington,
D.C., New Jersey,
New York, and Boston. As of June 30,
2019, the company's portfolio comprises of 75 communities
representing over 19,800 apartment homes that are operating and/or
under construction. For more information, please visit
www.MillCreekPlaces.com.
Media
Contact
Samantha
Chalmers
LinnellTaylor
Marketing
(303)
682-5001
samantha@linnelltaylor.com
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SOURCE Mill Creek Residential