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Mill Creek Announces Groundbreaking at Modera Framingham Apartments

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Mill Creek Announces Groundbreaking at Modera Framingham Apartments

Development Community Will Add 270 Apartments to Central Business District

PR Newswire

FRAMINGHAM, Mass., Aug. 8, 2018 /PRNewswire/ -- Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced it has broken ground on Modera Framingham, a luxury apartment community in Downtown Framingham approximately 20 miles west of Boston.

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The community, which will feature 270 apartment homes, will be situated amidst Framingham's artsy Central Business District and its multitude of shopping, dining and nightlife options. Modera Framingham is designed as a five-story building above two stories of covered parking and is projected to welcome first move-ins in summer 2020.

"Downtown Framingham has so much to offer, and the recent revitalization efforts only add to the charm of the neighborhood," said Lars Unhjem, vice president of development for the New England region for Mill Creek Residential. "We're excited to join a wonderful city that boasts a storied history and a bright future thanks to its strong sense of community and vision for growth."

"We believe Modera Framingham will provide a top-tier option for new housing in the rapidly evolving Central Business District," added Tim Alexander, development associate for Mill Creek Residential. "As the city continues to evolve, the expectations of renters will follow suit and we're eager to help meet that demand."

As the largest city in the Greater Metro West Region, Framingham is home to a variety of major employers, including the corporate headquarters of BOSE, Staples, The TJX Companies and Cumberland Farms. The city features an abundance of shopping and dining options and the site is located approximately three miles from high-end mall The Natick Collection and within approximately two miles of several grocery stores, including Whole Foods and Trader Joe's.

"Modera Framingham will be a wonderful addition to the city and another significant component of the Central Business District revitalization," said Dr. Yvonne M. Spicer, Mayor of Framingham. "We have enjoyed a strong partnership with Mill Creek Residential and are excited to see this development community – one of the first in Downtown Framingham in decades – come to fruition."

Situated at 266 Waverly Street, the community site is also proximate to Framingham's multitude of commuter options, including the MBTA Framingham Commuter Rail and Amtrak Station, the Massport Logan Express, and several key commuter routes, including State Routes 9, 126 and 30, Interstates 90, 495 and 95/Route 128.

Modera Framingham will consist of studio, one-, two- and three-bedroom homes with an average size of 1,000 square feet. Community amenities will include a 24-hour club-quality fitness studio, multi-use clubhouse area with state-of-the-art theater room, business center, flexible makers/craft space and game room. Outdoor amenities including a multifaceted central courtyard with dining and seating areas, water feature and outdoor play space, and an ample dog run.

Apartment interiors will boast nine-foot ceilings, Energy Star stainless-steel appliances, quartz countertops, built-in shelving, tile surrounds and in-home washers and dryers.

Modera Framingham is Mill Creek's seventh community in the Boston area. Others include Modera Hopkinton, Modera Medford, Modera Natick Center, Modera Needham and Alister Quincy.

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, 2018, the company's portfolio comprises of 72 communities representing over 19,400 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 Trust LLC

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