Mill Creek Residential Trust to develop apartments in Portland, Ore.

Mill Creek Residential Trust with its partner has plans to develop Modera Morrison, a 247-unit mixed-use multifamily and retail development in a qualified opportunity zone in Portland, Ore.’s popular Central Eastside.

Modera Morrison is a planned development, pending LEED Silver certification, that will include a seven-story, 247-unit apartment community with about 10,744 square feet of ground-floor retail. Community amenities will include a virtual reality gaming lounge, health club, mixology lounge, and rooftop deck with panoramic views and a sky bistro.

With expected completion in 2024, the transit-oriented property has a