PARSIPPANY — Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment home communities across the U.S., announced the opening Modera Parsippany, its newest development community in New Jersey.
The community celebrated its official grand opening Thursday, May 17, at an event joined by Parsippany Mayor Michael Soriano, Parsippany Area Chamber of Commerce President Robert Peluso, Board members Frank Cahill and Nicolas Limanov, Parsippany-Troy Hills Councilman Michael dePierro and Councilwoman Loretta Gragnani, Mill Creek Residential, as well as leaders from the Parsippany-Troy Hills business community.
Modera Parsippany is addressing the ever-growing need for upscale housing to serve the robust workforce in Morris County. The 212-residence community is uniquely situated nearby numerous Fortune 500 headquarters and a vibrant assortment of shops, restaurants and entertainment destinations.
The well-appointed residences at Modera Parsippany will include a mix of studios, one- and two-bedroom homes, with rents starting at $1,775 for studios and ranging up to $3,525 for the largest two-bedroom homes. Each residence will feature curated, elegant interiors with contemporary wood plank-style flooring and stunning quartz countertops paired with expansive chef-inspired kitchen islands. Additional features will include state-of-the-art stainless-steel appliances, generous walk-in closets, and lavish tiled soaking tubs.
“The opening of Modera Parsippany speaks to the increasing demand for attractive housing with upscale amenities for the area’s workforce” said Mayor Michael Soriano. “As Parsippany-Troy Hills continues to grow, thanks to new businesses and residents, it is vital that the township offer well-located, cutting-edge, living options like Modera Parsippany.”
Mill Creek has a proven philosophy of tailoring its development communities to each community’s locale, and Modera Parsippany will be no different. Modera Parsippany features thoughtfully designed lifestyle amenities including a spacious two-floor fitness center with yoga studio, a hotel-inspired salt water swimming pool with sun deck, a designer clubroom with bar and lounge, and keyless entry systems throughout the building. Other premium amenities include a car care station, a package concierge, dry-clean valet, a pet-grooming station and dedicated parking for each community member.
“As our third community in Morris County, Modera Parsippany signifies Mill Creek’s commitment and belief in Northern New Jersey as a great place to live for families, young professionals, and empty nesters alike,” said Russell Tepper, senior managing director. “Located at the nexus of one of the region’s most important centers of employment and transportation, Modera Parsippany provides residents with the best of both worlds: the distinct luxury lifestyle amenities expected from an upscale urban apartment community, with the comfort and sense of community of a great suburban setting.”
On-trend with flexible work culture, Modera Parsippany residents will have access to world-class workspace right at their doorsteps with a fully-equipped conferencing facility outfitted with a signature coffee bar, Wi-Fi and ample telework venues. For commuters, Modera Parsippany is ideally located within walking distance to NJ Transit bus service, and less than an hour ride from New York’s Port Authority Bus Terminal. The community is also less than five minutes from Interstate 80 and Route 46, with both offering direct access to New York City in just 45 minutes. Residents will be just minutes from Interstate 287, which provides easy access to the surrounding communities that many Fortune 500 employees call home.
The community comes to market on the heels of the highly successful Modera 44 as well as Modera 55’s early leasing success in Morristown, which is nearly complete.
For more information on leasing click here.
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 December 31, 2017, the company’s portfolio comprises of 71 communities representing over 19,100 apartment homes that are operating and/or under construction. For more information click here.
