PORTLAND, Ore., May 13, 2021 /PRNewswire/ -- Mill Creek
Residential, a leading developer and operator specializing in
premier rental communities across the U.S., today announced the
groundbreaking of Modera Morrison, a contemporary mixed-use
community near Downtown
Portland.
Situated at 1120 SE Morrison Street, Modera Morrison will add
247 apartment homes and nearly 11,000 square feet of ground-level
retail space to Portland's rapidly
growing Central Eastside. The
seven-story, podium-style structure will be LEED Silver certified,
with first move-ins anticipated for 2023. The community is located
between SE Belmont Street and SE Morrison Street, two of the main
thoroughfares heading into downtown, which is 1.5 miles away.
"The Central Eastside and surrounding neighborhoods are among
the most sought-after places to live in Portland," said Sam
Rodriguez, senior managing director of development in
Portland for Mill Creek
Residential. "We're thrilled with the potential this area has to
offer and are extremely excited about the tremendous growth the
city is experiencing as we get started on Modera Morrison."
Modera Morrison's location offers immediate proximity to a
multitude of local amenities and attractions. With a Walk Score of
96 and a Bike score of 97, Modera Morrison complements the unique
lifestyle district emerging in the Central Eastside. The community sits within
walking distance to the Moda Center, home of the Portland
Trailblazers; the Oregon
Convention Center; and Revolution Hall, a renowned concert venue
with an expansive public dog park that sits just across the
street.
The surrounding pedestrian-friendly retail corridors house
numerous shops, restaurants, entertainment establishments and
breweries, including the popular Modern Times and Rogue breweries.
With Colonel Summers Park, Laurelhurst Park and the Eastbank
Esplanade nearby, residents will have convenient access to open
fields, picnic areas, bike paths, outdoor sport courts, playgrounds
and a community garden.
The Central Eastside location
places Modera Morrison within close proximity of Portland's top employment centers. Just across
the Morrison Bridge, downtown Portland boasts over 110,000 employees and 22
million square feet of office space. Other major employment centers
in the area include the Lloyd District, the Pearl District and
Oregon Health & Science University, putting more than 140,000
jobs within a quick commute.
Community amenities include a co-working space and coffee bar in
the resident lobby for the ever-increasing work-from-home resident,
virtual reality gaming lounge, theatre room, outdoor rooftop deck
with panoramic views, rooftop bistro and lounge, yoga and Pilates
studio and a club-quality fitness studio featuring individual TVs.
Residents at the pet-friendly community will also have access to an
onsite pet spa, private garage with controlled-access parking,
dedicated bike storage and an Amazon package HUB with overflow
room.
The community will offer studio, one-, two- and three- bedroom
apartment homes with private balconies and den layouts available.
Apartment interiors feature nine-foot ceilings, stainless steel
Energy Star appliances, quartz countertops, tile backsplashes,
full-size in-home washers and dryers, smart entry locks and heating
and air conditioning with a programmable thermostat. Select homes
will offer desk nooks.
Modera Morrison is the 10th development for Mill Creek
Residential in the Portland area,
joining, among others, Modera Belmont, Modera Buckman and Modera
Akoya.
About Mill Creek Residential
Mill Creek Residential
Trust LLC is a national rental housing company focused on the
development, acquisition and operation of rental communities in
targeted markets nationwide. The national company, headquartered in
Boca Raton, Florida proactively
develops, acquires, constructs and operates communities through its
seasoned team of real estate professionals in offices across
the United States. Mill Creek is building its portfolio in many
of the nation's most desirable 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 December
31, 2020, the company's portfolio is comprised of 88
communities representing over 24,700 rental homes that are
operating and/or under construction. For more information, please
visit www.MillCreekPlaces.com.
Media Contact
Stephen
Ursery
LinnellTaylor Marketing
303-682-3945
stephen@linnelltaylor.com
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SOURCE Mill Creek Residential