Multifamily developer Mill Creek Residential has begun construction on its Modera Prominence community, according to a press release Tuesday.
The acquisition and development of the property are being done in partnership with affiliates of Wexford Capital LP, an investment advisor and investor based out of West Palm Beach, Fla. and Greenwich, Conn.
Slated for delivery in 2020, Modera Prominence broke ground in early July, at 3699 Lenox Road.
The seven-story mixed-use community will feature 319 apartment homes comprised of one-, two- and three-bedroom offerings, in addition to 21,000 square feet of retail space on the ground floor.
“Expanding further into Buckhead has been a goal of ours since entering the Atlanta market, and the location of Modera Prominence is the perfect example of Mill Creek’s mission to provide a convenient and walkable living experience,” Harvey Wadsworth, managing director at Mill Creek, said in the release.
“The neighborhood is booming with some of the city’s best restaurants, entertainment and retail – with dozens more exciting and cutting-edge projects currently in the pipeline. We’re looking forward to being a part of the area’s continued growth.”
The entry level of the building will offer residents a bike lounge as well as a dog wash station.
Above the retail plaza, a second-floor pool with cabanas and lounge areas will overlook the forthcoming businesses, and a fitness center on the plaza level will feature a yoga and spin studio for resident use.
Modera Prominence will also house a sixth-floor sky lounge, which will serve as both a hangout and potential coworking space.
On the seventh floor will be loft-style homes, each of which will feature rooftop terraces complete with shade trellises and outdoor lighting.