Industries Commercial Real Estate

New mixed-use project opens first phase in Alexandria

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The grand opening of the first phase of Modera Tempo, a new transit-friendly, mixed-use community in Alexandria, marks the first new development in years to be completed within the Landmark/Van Dorn Small Area Plan.

A joint venture of Mill Creek Residential and AEW Capital Management, the project eventually will include 492 apartments and 15,000 square feet of retail space along with other resident amenities.

“The launch of Modera Tempo is an important catalyst to the long-planned redevelopment of the Van Dorn corridor, from here to Landmark Mall,” Alexandria Mayor William Euille said in a statement. “Over the next two decades, the entire West End of Alexandria will be transformed.”

Modera Tempo’s first building is complete, with more than 50 apartments leased. A second building is scheduled to deliver this month, followed by a third in April.
 
Located on the corner of South Van Dorn and South Pickett Streets, Modera Tempo is a few minutes away from the Van Dorn Metro. Residents can walk to the station or use the community’s free shuttle service.

Other amenities include two 24-hour fitness centers, two pools, three private courtyards, concierge service, a dog spa, yoga studio, bike storage, and complimentary Wi-Fi in common areas.
Smashburger recently opened in the retail plaza.


Including Modera Tempo, Mill Creek owns and operates 1,979 apartment homes in the Washington, D.C., metropolitan area, and has 1,000 more in its development pipeline. It’s part of
Mill Creek Residential Trust LLC, a national multifamily company with a portfolio of 29 communities representing nearly 13,000 apartment homes.

AEW Capital Management L.P. (AEW) provides real estate investment management services to investors worldwide, managing more than $50.5 billion of property and securities in North America, Europe and Asia. It is developing Modera Tempo on behalf of one of its separate account clients.




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