Mixed-use development adds 173 apartments and retail space to Lake Merritt neighborhood
OAKLAND, CA., May 3, 2022 /PRNewswire/ — Mill Creek Residentiala leading developer, owner-operator and investment manager specializing in prime rental housing in the United States, today announced that moves are underway at Modera Merritt Lakea luxury mixed-use community in from Oakland eclectic Uptown neighborhood.
The community, which is one block west of Lake Merritt, features 173 apartments and 1,650 square feet of commercial space on the ground floor. Located in the artistic district of Oakland and within walking distance of Uptown and Downtown Oaklandthe site boasts a world-class Walk Score of 99 and places residents within walking distance of the city’s most important retail, dining and entertainment options.
“Residents will have no difficulty finding an ideal living balance between the energy of the city on one side and the serenity of the lake and the great outdoors on the other,” said Mike Kimgeneral manager of development for Northern California for Mill Creek Residential. “We look forward to welcoming our first residents to Modera Lake Merritt, which is one of the most desirable locations in town and will provide a boutique atmosphere. Our property management team is excited to provide the best living experience of its class to match the stellar location.”
Located at 1940 Webster Street, Modera Lake Merritt is located in an arts-centric neighborhood surrounded by culturally steeped attractions such as art galleries, specialty shops, and music venues. The community sits on the northwest side of Lake Merritt, a scenic lake and park. The lake has been recognized as one of the most captivating and landscaped urban lakes in the country. Residents will have near immediate access to 75 acres of programmed open space and more than three miles of lakeside trail.
The community is also located two blocks from a BART commuter train station and a few blocks from the Lake Merritt Office District. The neighborhood includes 400,000 square feet of redeveloped office space and is anchored by Square, a financial technology services company. Oracle, Pandora Media and Kaiser Permanente are other major employers within easy walking distance.
Modera Lake Merritt consists of six levels of residential homes above commercial space and the main floor lobby. The community offers studio, one-, and two-bedroom homes averaging 710 square feet. A rooftop deck with fire pits, barbecue grills, and scenic downtown views showcases the community’s amenities. Other common attractions include a rooftop outdoor kitchen and dining area, an expansive resident clubhouse, and a club-quality fitness center with cardio stations, a yoga studio, and a ballet barre. Residents will also have access to a digital pass room, dedicated bike storage, Wi-Fi in common areas and controlled-access underground parking.
The apartments include two distinct color themes and floor-to-ceiling windows for plenty of natural light. Home features include nine foot ceilings, Energy Star stainless steel appliances, wood plank style floors, quartz countertops, custom cabinetry with under cabinet lighting, gas ranges, backsplashes tile, in-home washers and dryers, and tubs with tile surrounds. Some homes will have breakfast bars in the kitchens, oversized closets, and floor-to-ceiling tiled shower surrounds.
About Mill Creek Residential
Mill Creek Residential Trust LLC is a national rental housing company focused on developing, acquiring and operating single-family, multi-family and build-to-let communities in targeted markets nationwide. The national company, whose head office is in Boca Raton, Florida proactively develops, acquires, builds and operates communities through its seasoned team of real estate professionals in offices across United States. mill stream is building its portfolio in many of the country’s most sought-after markets in Seattle, Portlandthe San Francisco Bay Area, Southern California, Phoenix, denver, dallas, Austin, Houston, South Florida, Tampa, Orlando, Atlanta, Nashville, Charlotte, Raleigh, washington d.c., New Jersey, New Yorkand Boston. From December 31, 2021, the company’s portfolio is made up of 119 communities representing more than 32,500 rental units in operation and/or under construction. For more information, please visit www.MillCreekPlaces.com.
SOURCE Mill Creek Residential