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Mill Creek Unveils Modera Tempo Mixed-Use Community in Alexandria, VA

Alexandria, VA Mayor William Euille joined other community and business leaders to formally launch Modera Tempo, a new transit-friendly mixed-use community in Alexandria’s West End. With 492 modern apartment homes and 15,000 square feet of retail space complemented by a wide range of luxurious resident amenities, Modera Tempo is the first new development to be completed within the Landmark/Van Dorn Small Area Plan.

Modera Tempo is a joint venture of Mill Creek Residential and AEW Capital Management. AEW is developing the property on behalf of one of its separate account clients.

“The launch of Modera Tempo is an important catalyst to the long-planned redevelopment of the Van Dorn corridor, from here to Landmark Mall,” said Mayor Euille. “Over the next two decades, the entire West End of Alexandria will be transformed.”

“Alexandria is a truly walkable city, and we are proud to extend the walkability of its historic core to the West End, where residents can live in close proximity to Metro and major employers,” said Amirali Nasserian, vice president of development for Mill Creek Residential. Modera Tempo’s first building has delivered, with more than 50 apartments already leased. A second building will deliver in February, followed by a third in April.

During the grand opening, Nasserian dedicated a ten-foot outdoor sculpture by Alexandria artist Larry Moriss to the memory of Michael McGuire, who passed away last year. As member of The Pinkard Group, McGuire was instrumental in the early process of acquiring, planning, and rezoning the site. MCR took over the development process in 2010.

Located on the corner of South Van Dorn and South Pickett Streets, Modera Tempo is just minutes to the Van Dorn Metro; residents can walk or use the community’s free shuttle service. But the shuttle is just one of the many amenities that will enhance residents’ lifestyles. The community will offer residents two 24-hour fitness centers, two hotel-inspired pools, three private courtyards, concierge service, a dog spa, social kitchen, yoga studio, bike storage, and complimentary wi-fi in common areas. A retail plaza, open to the public, already is coming to life with the recent opening of Smashburger.

Modera Tempo’s studio, one-bedroom, and two-bedroom apartment homes feature such luxury finishes as granite or quartz kitchen counters, glass tile kitchen backsplashes,   custom cabinets, stainless steel appliances, wood plank-style flooring, open floor plans,  and high ceilings.

The community was designed to fuse western Alexandria’s early 20th century art modern aesthetic with other traditional architectural elements. “We took design cues from the original George Washington Middle School off Mount Vernon Avenue,” said Chris Gordon, AIA of KGD Architecture. “We also wanted to ensure that each of the buildings is distinctive, so that it has the feel of a neighborhood rather than a single development.”

Including Modera Tempo, Mill Creek owns and operates 1,979 apartment homes, in the Washington, DC metropolitan area, with 1,000 more in its development pipeline. For more information about Modera Tempo, call 855.809.8332, email ModeraTempo021@myLTSMail.com, or visit www.moderatempo.com.

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. Currently, the company’s portfolio comprises 29 communities representing nearly 13,000 apartment homes that are operating, under construction or in planning. For more information, please visit www.MillCreekPlaces.com.

About AEW

Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage over $50.5 billion of property and securities in North America, Europe and Asia (as of September 30, 2014). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Hong Kong and Singapore, as well as additional offices in eight European cities. For more information please visit www.aew.com