Location is Key for New Mill Creek Residential Development
The company is hoping to woo renters with a luxury community located halfway between Washington, D.C., and Baltimore.
Laurel, Md.—National luxury multifamily investor and operator Mill Creek Residential has announced the grand opening of Modera WestSide in Laurel, Md.
The 484-unit luxury apartment community is located in a popular west-side enclave of Laurel at the convergence of Montgomery, Howard and Prince George’s Counties, approximately halfway between Washington, D.C., and Baltimore.
What made this a good development opportunity? “Definitely the location,” Mill Creek Residential vice president of development for the Mid-Atlantic region Peter Melmed told MHN. “The proximity to great road infrastructure centrally located between the Baltimore and Washington D.C. [metros] made it compelling.”
Modera WestSide residents will have access to professional opportunities in the metro areas of each city, as well as in the rapidly-emerging city of Laurel.
“This was an off-market site,” Melmed said. “We helped the land owner master plan the entire planned development. The development includes our apartment community, for-sale townhouses, a neighborhood shopping center and a hotel.”
The garden-style apartment community features a blend of apartments across 11 structures, featuring either direct-access garages or surface parking. Modera WestSide offers one-, two- and three-bedroom apartments, with one- and two-bedroom lofts available.
Constructed on a 25-acre lot within the larger planned development, Modera WestSide will be bordered by Interstate 95 to the west and Van Dusen Road to the south. Among the in-town transit alternatives is the historic Laurel MARC station.
Konterra Town Center, a 2,000-acre mixed-use development soon to be constructed nearby, will be home to popular retailers, hospitality venues, technology campuses, educational institutions and immense recreation and entertainment options.
Modera WestSide is approximately 23 miles from downtown Baltimore, and 17 miles from Washington, D.C. The site is near a number of professional job hubs. Fort George G. Meade, Maryland’s largest employer, is situated nearby. The base is the home of U.S. Cyber Command and National Security Headquarters.
“The Laurel market is intriguing in that it is self-sufficient and also benefits from its proximity to major cities to the northeast and southwest,” Melmed said. “With its prime location next to I-95, and a proposed town center soon to be completed, Modera WestSide will be perfectly positioned to meet the increasing demand for quality apartment housing in this thriving neighborhood.”
