In Boulder, a few apartment units make a difference

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Highlights:

  • New apartment community opening in Boulder.
  • Apex 5510 has another 34 units.
  • The entire community in North Boulder has 231 units.
2 more buildings have opened in this Boulder apartment community, adding 34 units to the market.

2 more buildings have opened in this Boulder apartment community, adding 34 units to the market.

By John Rebchook

Adding fewer than three dozen apartment units to a market doesn’t seem like much.

But there were only 625 vacant apartment units in Boulder County in the first quarter, according to a recent report by the Apartment Association of Metropolitan Denver.

So by opening a mere 34 apartment units in the Apex 5510 community in the North Boulder’s Gunbarrel district of Boulder, developer, Crossbeam Concierge increased the Boulder County supply by 5.4 percent.

The entire development has 231 units.

Crossbeam, which developed Apex 5510 in a joint venture with Trammel Crow Residential, recently opened the third and fourth building in the community, which added the 34 units

The recently opened buildings also includes a fitness center that is available 24 hours a day for residents.

Units in the community range in size from 567 square feet to 1,169 square feet. Monthly rents range from $1,351 to $2,371, according to the community’s website.

The City of Boulder had only a 3.8 percent apartment vacancy rate in the first quarter.

Lounge in Apex 5510 apartment community in North Boulder.

Lounge in Apex 5510 apartment community in North Boulder.

By comparison, the overall Denver-area market had a 4.9 percent vacancy rate.

Apex 5510 is walking distance to companies such as Qualcomm, Spectra, Crispin Porter and Covidien.

“We’ve seen a great deal of interest from people who want to live close to their jobs in Gunbarrel, as well as those who want a more affordable Boulder address,” said Brad Blash, co-founder and managing partner of Crossbeam Concierge.

“Apex 5510 is providing people with a quality apartment community, complete with numerous amenities and services that are intended to ease their busy lifestyles, and provide great sources of relaxation and fun,” Blash added

Apex 5510 hosts monthly brunches, as well as cocktail nights and other social events for residents.

A model unit in the Apex 5510 in North Boulder.

A model unit in the Apex 5510 in North Boulder.

Other amenities include:

  • A 1,600 square foot fitness center, featuring a mix of Matrix and Paramount strength and cardio equipment.
  • The Paw Spa, to wash and dry dogs.
  • The Apex Lounge, which includes 24 hour access to billiards, free wi-fi, hi-def smart televisions, large entertaining bar, outdoor grilling and an indoor/outdoor fireplace.
  • A future running and biking trail through the center of the community. It will connect to the Boulder/Longmont trail system.
  • A resort style pool and spa, with a sundeck with views of the Flat Irons and Front Range.
  • Easy access to Boulder Reservoir, hiking and biking trails.
  • Community garden and eco-sensitive landscaping.
  • Built to LEED Silver standards.
  • Compliant with the Boulder Green Points program.

Units include gourmet kitchens with black Frigidaire appliances, built in microwave ovens, washer/dryers, walk-in closets, custom cabinetry and granite counter tops.Wood style flooring is in the living rooms, dining rooms and bathrooms. Units also have nine-foot or higher ceilings and floor-to-ceiling windows.

As to be expected in Boulder, the community includes electric vehicle charging stations and bicycle parking stations.

Apex 5510 is a smoke-free community.

Interested in buying a home in Boulder? Please visit COhomefinder.com.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by 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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