Mill Creek Residential, a developer, owner-operator, and investment manager specializing in rental housing across the U.S., this week announced the start of preleasing at Modera Overlake, a contemporary mixed-use apartment community in Eastside Seattle.
The community, which offers 288 apartment homes and 3,600 square feet of ground-floor retail space, sits along the Redmond/Bellevue border near the Redmond Microsoft Campus. Located 13 miles east of Seattle, Modera Overlake is within a 10-minute walk from the future Overlake Village Light Rail Station, which is projected to open in 2024, and Microsoft’s world headquarters. Move-ins are scheduled for February 2023.
“Overlake is a charming neighborhood and uniquely positioned to provide strong connectivity to the greater Puget Sound market,” Steve Yoon, senior managing director of development in Seattle for Mill Creek, said in a press release. “With its proximity to Microsoft, the area will always exhibit strong housing demand, and we’re delighted to join the neighborhood and add a high-quality option for renters. We look forward to welcoming our initial resident base and providing a best-in-class experience.”
Situated at 15350 Bel-Red Road, Modera Overlake offers studio, one- and two-bedroom homes, including select den and townhouse layouts. An eighth-floor rooftop clubhouse with an expansive deck will provide residents with a comfortable backdrop that features views of Bellevue and Redmond.
Additional community amenities include an outdoor plaza, spacious lobby with vaulted ceilings, conference room, coworking lounge, coffee bar, clubhouse, theater room, DIY room and a club-quality fitness center with a TRX system. Residents will also have access to dedicated bike storage, automated package lockers, a controlled-access guest system and secure resident storage in the lobby and garage areas.
Apartment interiors include a variety of upscale features, including stainless-steel gas ranges, quartz countertops, wood-plank flooring, tile backsplashes, upgraded fixtures and roller shades. Select homes include private patios or balconies, separate dining areas, breakfast bars and walk-in closets.
Modera Overlake marks Mill Creek’s third community in Redmond, joining Modera Redmond and Modera River Trail. Modera Redmond is located about five miles to the northeast near Bella Bottega Shopping Center and began leasing in the winter of 2019. Modera River Trail, located across the street from Redmond City Hall and one block from the Sammamish River Trail, began leasing in 2022.
