2B — February 27 - March 12, 2015 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
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O wners , D evelopers & M anagers
492 apartments, 15,000 s/f of retail space now leasing near Van Dorn Metro Mill Creek & AEW Capital unveil mixed-use community A
LEXANDRIA, VA – Alexandria, VA Mayor William Euille joined other community and business leaders to formally launch Modera Tempo, a new transit- friendly mixed-use community in Alexandria’sWest End. With 492 modern apartment homes and 15,000 s/f of retail space complemented by a wide range of luxurious resident amenities, Modera Tempo is the first new development to be completed within the Landmark/VanDorn Small Area Plan. Modera Tempo is a joint ven- ture of Mill Creek Residen-
tial and AEW Capital Man- agement . AEW is developing the property on behalf of one of its separate account clients. “The launch of Modera Tempo is an important catalyst to the long-planned redevelopment of the Van Dorn corridor, from here to Landmark Mall,” said Mayor Euille. “Over the next two decades, the entire West End of Alexandria will be trans- formed.” “Alexandria is a truly walk- able city, and we are proud to extend the walkability of its historic core to the West End, where residents can live in close proximity to Metro and major employers,” said Ami- rali Nasserian , vice president of development for Mill Creek Residential. Modera Tempo’s first building has delivered, with more than 50 apartments already leased. A second build- ing will deliver in February, followed by a third in April. During the grand opening, Nasserian dedicated a ten-foot outdoor sculpture by Alexan- dria artist Larry Moriss to the memory of Michael McGuire, who passed away last year. As member of The Pinkard Group , McGuire was instru- mental in the early process of acquiring, planning, and re- zoning the site beginning more than ten years ago. MCR took over the development process in 2010. Located on the corner of South Van Dorn and South Pickett Streets, Modera Tempo is just minutes to the VanDornMetro; residents can walk or use the community’s free shuttle ser- vice. The community will also offer residents two 24-hour fit- ness centers, two hotel-inspired pools, three private courtyards, concierge service, a dog spa, social kitchen, yoga studio, bike storage, and complimentary wi-fi in common areas. A retail plaza, open to the public, al- ready is coming to life with the recent opening of Smashburger. The community was designed to fuse western Alexandria’s early 20th century art modern aesthetic with other tradi- tional architectural elements. “We took design cues from the original George Washington Middle School offMount Vernon Avenue,” said Chris Gordon, AIA of KGD Architecture . “We also wanted to ensure that each of the buildings is distinc- tive, so that it has the feel of a neighborhood rather than a single development.” n
Modera Tempo
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