Mill Creek Opens New York Luxury Community – Multifamily Real Estate News

Rendered Modera New Rochelle. Image courtesy of Mill Creek Residential

Mill Creek Residential opened Modera New Rochelle, a 334-unit luxury community located 20 miles northeast of Manhattan, NY According to Yardi Matrix data, Modera New Rochelle began pre-leasing in January of this year. A total of 136 apartments, or 41%, were pre-let in August.

Located at 111 Center Ave., Modera New Rochelle is a 30-minute train ride from New York City. Residents will be near Main Street in downtown New Rochelle. New Rochelle’s population, over 80,000 in July, increased by 2% from April 2020 to April 2021, according to the United States Census Bureau.

READ ALSO: Manhattan Multifamily Report – August 2022

The property was built to national NAHB green building standards and offers studio, one-, and two-bedroom homes. Units feature 10 foot ceilings, washers and dryers, and programmable thermostats. Community amenities include a rooftop lounge with views of the Long Island Sound and New York skyline, swimming pool, dog park and pet spa, outdoor theater, and fitness center .

An art alley with public art murals on the ground floor of the asset accompanies Cafetero, a cafe.

Officials present at the dedication included New Rochelle Mayor Noam Bramson, City Manager Charles B. Strome II, Deputy City Manager and company attorney Kathleen Gill, as well as City Council members and several commissioners.

Mill Creek recently acquired a 312-unit garden-style apartment in Raleigh, North Carolina. The company has also been active in the Houston community, moving residents into its Modera Six Pines.

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