Mill Creek Announces Start of Preleasing at Modera Pearl

New Development Includes 290 Apartment Homes, Prime Amenities and Excellent Views

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Jun 08, 2017, 12:07 ET

PORTLAND, Ore., June 8, 2017 /PRNewswire/ -- Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of preleasing at Modera Pearl, a nine-story luxury apartment community located in the eclectic Pearl District.

The community, situated in a walkable, commuter-friendly location at the north end of the Pearl District, features 290 apartment homes, spectacular views and a top-of-the-line amenity package. First move-ins are anticipated for July.

"The Pearl District is one of the most desirable neighborhoods in Portland, and its wide range of attractions and proximity to the city appeal to a variety of lifestyles," said Sam Rodriguez, senior managing director of Portland for Mill Creek Residential. "We're excited to join the neighborhood and help meet the spiking demand for quality apartment homes in the area."

Located at 1481 NW 13^th Ave., Modera Pearl is adjacent to Downtown Portland, which is easily accessible by car, foot, or public transit. The community is located along the TriMet bus line and within close proximity to the Portland Streetcar. In addition, Modera Pearl is within a short drive of Interstate 405 and Interstate 5, which provide connectivity to the key employment centers across the metropolitan area.

Prominent national employers in the immediate area include REI, Nike and Legacy Health, which are less than two miles from the community. Intel, Kaiser Permanente, Adidas, Columbia Sportswear and Providence Health are among several other national brands featuring Portland-based headquarters.

Modera Pearl residents will have prime access to a vast array of entertainment options, including the vibrant shopping and dining corridor of the iconic Pearl District. Downtown Portland, Moda Center (home of the Portland Trail Blazers) and Providence Park are also within two miles of the community. A bevy of nearby recreational opportunities give the area a decided Pacific Northwest vibe, including the Waterfront Pearl, Forest Park, Tanner Springs Park, The Fields Park, Jamison Square, Couch City Park and Washington Park.

Modera Pearl consists of studio, 1- and 2-bedroom apartment homes with den layouts and penthouses available. Outdoor community amenities include a rooftop pool deck and hot tub, barbecue areas, pet spa, on-site dog park and controlled-access garage parking. Indoor amenities consist of a clubhouse, 24-hour fitness studio, game room, wine cellar, bike storage and theater room. Apartment interiors feature wood plank-style flooring, quartz countertops, stainless-steel appliances, USB ports and full-size washer and dryer. Select homes include patios or balconies and separate dining areas.

Including Modera Pearl, Mill Creek has developed five apartment communities in the Portland area, totaling 938 apartment homes.

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 March 31, 2017, the company's portfolio comprises 68 communities representing over 18,600 apartment homes that are operating and/or under construction. For more information, please visit www.MillCreekPlaces.com.