Mill Creek Residential Starts Construction of Suburban Seattle Apartments
The property is targeting National Green Building Standard Bronze certification.
Mill Creek Residential has broken ground on Modera Woodmont Beach, a 290-unit mixed-use community located in Des Moines, Wash., a suburb of Seattle. The property’s first move-ins are slated for the summer of 2027.
When it comes online, Modera Woodmont Beach will be located at 26915 Pacific Highway S., is in the South Sound region, about 16 miles south of Seattle. Modera Woodmont Beach will also be a transit-oriented community, since it is within walking distance of the newly opened Star Lake light rail station.
Modera Woodmont Beach will include one-, two- and three-bedroom units which will have air conditioning, wood-style plank flooring, stainless steel appliances and quartz countertops in their kitchens and bathrooms. There will be in-unit washers and dryers, key fob access and programmable thermostats. Some units will have private patios or balconies, and chef’s islands with storage and pendant lighting.
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Amenities are set to include a resort-style swimming pool, hot tub, outdoor deck, grilling area, fitness studio and outdoor dining. There will also be a clubhouse, coffee bar, dog park and children’s playground. Modera Woodmont beach will also have 7,500 square feet of retail space.
Residents will have access to a coworking lounge with private workstations, package storage and gated parking with electric vehicle charging stations. The community is pursuing a National Green Building Standard Bronze certification, a program that focuses on single-family and multifamily residential structures.
Seattle slows down
Seattle’s multifamily fundamentals came in mixed at the end of 2025, with average asking rents down 0.7 percent on a trailing three-month basis through December, to $2,197. That lags the national rate, which declined 0.3 percent to $1,737 over the same period, according to Yardi Matrix data.
Local supply growth moderated last year, with 9,122 units delivered and 14,426 underway. New construction was down 20 percent year-over-year, and Yardi Matrix expects deliveries to ease further as well.
Some development is still pushing ahead, however. Late in March, Evergreen Point Group secured an $88 million construction loan to build Leeway, a 360-unit transit-oriented multifamily property located in suburban Shoreline, Wash.. A regional bank provided the financing. Completion expected in the third quarter of 2028.
