Mill Creek Acquires Emerald Bay Club Apartments in West Boca

BOCA RATON, Fla., June 7, 2016 /PRNewswire/ -- Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the acquisition of Emerald Bay Club Apartments, a two-story garden-style community situated in the highly desirable West Boca submarket.

Mill Creek will rebrand the community Alister Boca Raton and complete renovations to better meet the expectations of today's luxury apartment residents. The community, featuring 448 apartment homes, will receive interior updates, landscaping improvements and the addition of several resort-style amenities, including a luxury pool and fully equipped fitness center.

"Palm Beach County is an extremely attractive location with a strong mix of entertainment destinations, employment opportunities and top-of-the-line schools," said Wes Dickerson, senior managing director of acquisitions for Mill Creek Residential. "We believe our upgrades to Alister Boca Raton will transform an already thriving community into one of the best the submarket has to offer."

Situated at 10235 Boca Entrada Boulevard, the community benefits from a prime location within walking distance of Publix Super Market, and just a short drive from Starbucks and Chipotle Mexican Grill. Only 15 minutes from Alister Boca Raton is Boca Town Center, which is home to 220 upscale retailers including Saks Fifth Avenue, Nordstrom, Neiman Marcus and Apple Store.   The community is also adjacent to Highway 441, one of South Florida's primary north-south thoroughfares that extends north to Royal Palm Beach and south to North Miami Beach. The Sawgrass Expressway, Florida Turnpike and Interstate-95 also are conveniently accessible.

Boca Raton is one of the state's most bustling employment centers, with more than 100 office buildings and 17 million square feet of office space. With the community's location between Palm Beach and Broward counties, residents have access to several additional employment opportunities, including those in Delray Beach, West Palm Beach and downtown Fort Lauderdale. The School District of Palm Beach is the 11th largest in the nation and boasts the eighth-highest graduation rate, according to the 2014 School Grades.

Alister Boca Raton consists of 1-, 2- and 3-bedroom apartment homes. As part of the redevelopment, interiors will be updated with stainless-steel appliances, vinyl wood-style flooring, hard-surface countertops, custom cabinetry and updated plumbing and lighting fixtures. Building exteriors will receive a new paint scheme and full-scale landscaping updates will be completed. Additional community amenities include a gaming area, media room and multiple social zones.

Including Alister Boca Raton, Mill Creek has developed and acquired more than 4,700 apartments in the South Florida area. 

About Mill Creek Residential
Mill Creek Residential Trust LLC is a national multifamily company focused on the development, acquisition and operation of apartment communities in targeted markets nationwide. The company proactively pursues development, acquisition and construction opportunities through its seasoned team of real estate professionals in 14 offices across the United States. Mill Creek is building its portfolio in many of the nation's most desirable apartment markets in Seattle, Portland, the San Francisco Bay area, Southern California, Denver, Dallas, Austin, Houston, South Florida, Tampa, Orlando, Atlanta, Washington, D.C., New Jersey, New York, and Boston. As of March 31, 2016, the company's portfolio comprises 54 communities representing nearly 15,600 apartment homes that are operating and/or under construction. For more information, please visit www.MillCreekPlaces.com.

Media Contact                                                 
Peter Jakel                                                         
LinnellTaylor Marketing                                
303-682-3944                                                    
peter@linnelltaylor.com       

Logo - http://photos.prnewswire.com/prnh/20160603/375431LOGO 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mill-creek-acquires-emerald-bay-club-apartments-in-west-boca-300279720.html

SOURCE Mill Creek Residential

Related Links

http://www.millcreekplaces.com

Comments

Post a Comment

Popular posts from this blog

Parents of Student Murdered by Maintenance Man Sue Apartment Complex

He pleaded guilty to murder late last year, now the case of a maintenance worker who killed a Blinn student is back in court. The parents of 20-year-old Jenna Verhaalen are suing the Bryan apartment complex where she was killed. Verhaalen was strangled at the Autumn Woods Apartments in 2008, by 27-year-old maintenance worker Jeremiah Rosser . The suit claims Autumn Woods ignored complaints made about Rosser. Specifically, a complaint they claim Jenna made to Rosser's boss, when he entered her apartment while she was in the shower. The suit alleges the complex's negligence led to Jenna's death. Attorneys for Autumn woods said management had no reason to believe Rosser was a risk. However, that's not what the complex's corporate office told News Three in 2008. Back then, a spokesperson said Jenna complained to the maintenance supervisor about Jeremiah Rosser , but never filed a complaint with the office. Rosser quit his job at Autumn Woods several day
Read more

“Blacklist” star Megan Boone lists West Village apartment for $2.4M

Image
Megan Boone and her apartment at 302 West 12th Street (credit: NBC and BKR Partners) Megan Boone, who  plays FBI agent Elizabeth Keen on NBC’s crime thriller “The Blacklist,” has just listed her condominium at 302 West 12th Street for $2.4 million, per city records. (credit: BKR Partners) Boone bought the apartment in 2014 for $1.85 million. According to the listing, with Brian Kanarek of BKR Partners, the 837-square-foot unit has one bedroom and one bathroom. It overlooks tiny Abingdon Square Park, and has a large fireplace, soundproof windows, high ceilings, a walk-in closet and access to the communal landscaped roof terrace . Kanarek did not immediately respond to request for comment. (credit: BKR Partners) Per city records, Boone and her husband, artist Dan Estabrook , bought a townhouse in Carroll Gardens in March 2016 in an off-market deal. In addition to starring on “Blacklist” with James Spader, Boone has also appeared on “Law & Order: LA,” “Blue Bloods” and the film “St
Read more

Charlotte affordable housing forum raises possible solutions

There’s a big demand for more affordable housing in Charlotte, where rents and home prices have shot up much faster than wages over the past few years. Many of the apartments being built now target more affluent renters, waitlists for housing vouchers are long and starter homes are snapped up almost immediately. So why aren’t developers building more affordable housing ? That was one of the main questions at a candidate education panel hosted by the Greater Charlotte Apartment Association on Friday, where about two dozen candidates for Charlotte City Council turned out to learn some of the basics on a complicated subject. “ Affordable housing is one of the topics you’ll talk about a lot,” Bryan Holladay, who supervises the group’s government affairs outreach , told the candidates. The subject is an alphabet soup of acronyms (like NOAH, or “ Naturally Occurring Affordable Housing ”) and overlapping terms and definitions. Sometimes when people say “ affordable housing ” they mean go
Read more