The Mill Creek Residential development team joined local officials from Parsippany Troy-Hills to open Modera Parsippany, a new 212-unit apartment community on Route 46. — Courtesy: Mill Creek
By Joshua Burd
Mill Creek Residential is celebrating the opening of its new luxury apartment community in Parsippany, its third multifamily project in Morris County since 2015.
The developer last week joined local officials to formally unveil the 212-unit complex, Modera Parsippany. Located at 1715 Route 46, the property is expected to serve the multitude of Fortune 500 companies and other businesses around Interstate 80 and other nearby highways.
Rents start at $1,775 for studios and range up to $3,525 for the largest two-bedroom homes.
“The opening of Modera Parsippany speaks to the increasing demand for attractive housing with upscale amenities for the area’s workforce,” Parsippany Mayor Michael Soriano said. “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.”
Apartments at Modera Parsippany feature high-end finishes and appliances, while residents have access to amenities such as a two-floor fitness center with yoga studio, a hotel-inspired salt water swimming pool with sun deck and a clubroom with bar and lounge, according to a news release. Other features include a car care station, a package concierge, dry-clean valet, a pet-grooming station and dedicated parking for each tenant.
The opening comes three years after Dallas-based Mill Creek, which spun off of Trammell Crow Residential in 2010, opened its 248-unit Modera 44 project in Morristown. The firm has been pushing into the state’s luxury apartment sector with high-profile projects, including a recently opened second community in Morristown and a historic rehabilitation project in that produced loft-style units in downtown Jersey City.
“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.”
Mill Creek also cited design features that cater to a flexible work culture, such as a fully equipped conferencing facility with a coffee bar, Wi-Fi and several telework spaces.