Delwest opens TOD in Park Hill

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Highlights:

  • Delwest opens $25 million apartment community.
  • Development next to the Park Hill Golf Course is near future train stop.
  • Kephart designed the energy-efficient community.

 

A rendering of the club house at Park Hill 4000.

A rendering of the club house at Park Hill 4000.

Denver-based Delwest Capital LLC on Wednesday announced the grand opening of the $25 million, 168-unit Park Hill 4000 apartment community adjacent to the Park Hill Golf Course.
The transit-oriented development on 7.5 acres at 4000 Albion St. is near the future RTD ‘s Tracks commuter rail stop at East 40th Avenue and Colorado Boulevard.
Park Hill 4000 is on the northwest corner of the golf course, along Colorado Boulevard, south of Interstate 70. It already is more than 70 percent leased.

The development will be walking distance to the planned commuter rail stop at 40th and Colorado along the RTD FasTracks East Rail line, from Union Station to the Denver International Airport.

The station opens in 2016.

Delwest is planning an additional development in the area with a proposed 156 workforce housing units to accommodate growth along the future commuter rail corridor.

“We are thrilled to be bringing this development to the market today, providing residents with easy access to downtown via the planned RTD FasTracks commuter rail stop and in a beautiful setting along the Park Hill Golf Course,” said Joe DelZotto, president and CEO, Delwest, which has developed more than $500 million in real estate in Colorado during the past two decades.

DelZotto is affiliated with a family-owned real estate development based in Toronto that has built more than 80,000 units in North America. DelZotto traces his real estate roots to his grandfather, a stone mason from Northern Italy who migrated with his family to Canada and started in the construction business in 1934.

“We want to thank all of our partners and team members who made this development possible and continue to help us meet the needs of this high-growth area with future developments,” DelZotto said.

The Park Hill 4000 apartments and clubhouse were designed by Denver-based Kephart Architects and built by Drahota to meet Xcel Energy’s Energy Efficient Buildings program standards to optimize energy efficiency and energy savings.
The 5,000 square foot clubhouse includes solar panels, a fitness center, pool, kitchen and lounge.

Additional amenities include a dog park, children’s play area and detached garage for each unit. ConAm is providing management and leasing services.

Rather own than rent in Park Hill? Please visit COhomefinder.com to learn what is available to buy in Park Hill.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.

 

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John Rebchook

John Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the Rocky Mountain News, he wrote about residential and commercial real estate for 26 years. He has won numerous awards for business stories and columns that he wrote, both as an individual and part of teams. In addition to real estate, he also covered economic development, banking and financing, the airlines, and cable TV for the Rocky. In addition, he was one of the original freelance writers for GlobeSt.com, covering commercial real estate for the Internet publication.

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