Fort Lee approves two Mill Creek Residential apartment buildings

Buildings to include 425 units, including 46 affordable

Fort Lee Approves Two Mill Creek Residential Apartments

A photo illustration of Mill Creek Residential Trust CEO Bill MacDonald along with renderings of the approved projects at 90-100 Main Street/41-55 Main Street and 1640 Kaufner Lane in Fort Lee, New Jersey (Getty, Mill Creek Residential Trust, MHS Architecture)

A developer is planning two apartment buildings near the George Washington Bridge, hoping to attract residents seeking a short commute to Manhattan.

The Fort Lee Planning Board approved a pair of 14-story properties to be built on the borough’s main road, Jersey Digs reported. The lots flank The Pinnacle, a luxury apartment complex purchased two years ago by Blue Diamond Equities and Skywood Properties for $55 million.

Mill Creek Residential Trust Investments is developing the project under its “Modera by Mill Creek” banner. The buildings, which will have 425 units, are being designed by Hoboken-based MHS Architecture.

“Modera” Tower A is planned for 41-55 Main Street and 1640 Kaufer Lane. The building will have 253 residences as well as 300 parking spaces in a five-story garage. Units will range from studios to three-bedroom apartments, with 25 designated as affordable. An amenity space is planned for the 13th floor.

“Versa” Tower B, at 90-100 Main Street, will have nearly 100 fewer parking spaces. Its 172 units are largely two-bedrooms, and 21 will be affordable housing. Amenities will include a terrace, a courtyard with a pool, and an indoor lounge.

Sign Up for the undefined Newsletter

Read more

A rendering of The Pinnacle (Kislak)
Luxury rental complex in Fort Lee sells for $55M
Mill Creek Lands $82M Loan For Coral Springs Project
South Florida
Mill Creek lands $82M construction loan for Coral Springs mixed-use project
New York
Fort Lee goes upscale

Groundbreaking and construction timelines for both buildings have not been disclosed.

Mill Creek Residential is one of the country’s more active multifamily developers, building in seemingly every major market. Two months ago it landed an $82 million construction loan for the second phase of its mixed-use project in Coral Springs, Florida. The phase includes 353 apartments, 32,000 square feet of retail and restaurant space and 721 parking spaces.

The first phase features 351 apartments and 17,000 square feet of retail.

Holden Walter-Warner

Recommended For You