Leasing begins at 192-unit Modera Metro Mineola apartment complex

Dallas-based developer Mill Creek Residential has begun leasing units at its latest Modera-branded apartment complex in Mineola, Long Island Business News reported. Modera Metro Mineola, a 192-unit complex that includes a pair of four-story buildings, contains a mix of studios and one- and two-bedrooms. One-bedroom units start at $2,825 per month, while two-bedrooms begin at $3,220. Modera Metro Mineola covers the two-acre site that once contained the Corpus Christi Elementary School near Mineola’s Long Island Rail Road station. Mill Creek built the complex for young professionals and “empty nesters” that it believes want amenities and an easy commute. “Mineola fits the bill. Without sacrificing a seamless commute to New York City, Mineola is providing a centrally located, upscale living experience in an area where highly amenitized luxury residences are in high demand,” said Russell Tepper, a senior managing director for development at Mill Creek. Four years ago, Mill Creek built a 275-unit residential project on Old Country Road. That development had been known as Modera Mineola, but its name was changed to The Allure after a different landlord acquired that property in a $150 million deal announced in March. The Real Deal recently reported on rising rental property valuations on Long Island. [LIBN]