Mill Creek Announces Groundbreaking of Modera San Diego Apartments

Development Community Will Add 368 Apartment Homes to East Village Neighborhood

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Jan 31, 2019, 11:15 ET

SAN DIEGO, Jan. 31, 2019 /PRNewswire/ -- Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced it has recently broken ground on Modera San Diego, a luxury apartment community in the East Village neighborhood of Downtown San Diego.

The seven-story community, which will be situated at the southeast corner of 14^th Street and K Street, represents Mill Creek Residential's first development community in Downtown San Diego. The downtown location is in the southern portion of East Village and within walking distance of Petco Park and the city's world-renowned Gaslamp Quarter.

Initial move-ins are projected for spring 2021.

"San Diego is rapidly becoming one of the most pedestrian-friendly cities on the West Coast, and the East Village is transforming into a destination locale for new residents," said John Colletti, vice of president of development, Southern California for Mill Creek Residential. "We're thrilled to add this community to the neighborhood's robust entertainment, retail, restaurant and cultural amenities, and we believe Modera San Diego will address the market's booming growth while serving as a premier housing option in the area."

The Modera San Diego development community is in a walkable, transit-oriented locale two blocks from a San Diego Trolley station, which provides connectivity to the greater downtown area and links to Amtrak regional lines. The site boasts a Walk Score of 93, which signifies a walker's paradise and means most errands can be accomplished on foot. In addition, the neighborhood's growing creative office base provides employment opportunities in the design and technology sectors.

East Village is the largest of downtown San Diego's eight neighborhoods, and continues to emerge as a hip-and-trendy destination featuring a multitude of breweries, coffee shops and nightlife options. Mission Brewery, a local icon built within a former Wonder Bread factory, is located directly across from the community.

Modera San Diego will feature three architectural styles; each designed to complement its neighborhood context. The community will offer studio, 1- and 2-bedroom homes with various loft plans on the penthouse level. Community amenities will include two outdoor courtyards, a 5,100-square-foot sky lounge with pool and spa, fireside gathering areas, two outdoor kitchens and spectacular views of the bay and downtown skylines. Residents will also have access to a state-of-the-art fitness studio, co-working spaces, executive conference rooms, modern clubhouse, bowling lounge, lobby lounge, parcel storage lockers and controlled-access subterranean garage parking.

The pet-friendly community will also include a dog run with grooming basins. Apartment home interiors will be delivered with a variety of high-end fixtures and finishes such as nine-foot ceilings, wood plank-style floors, quartz counters with matching tile backsplashes and soaking tubs.

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 14 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, Washington, D.C., New Jersey, New York, and Boston. As of September 30, 2018, the company's portfolio comprises of 73 communities representing over 19,400 apartment homes that are operating and/or under construction. For more information, please visit www.MillCreekPlaces.com.