TCR, Trammell Crow Residential, plans 13-story apartment tower in Arapahoe Square.
Alexan Arapahoe Square will have 355 units.
TCR plans to start construction later this month.
Construction will begin this month on a 13-story, 355-unit apartment tower in the Arapahoe Square neighborhood in downtown Denver, officials said on Wednesday.
Trammell Crow Residential is developing the Alexan Arapahoe Square apartment community.
It is scheduled to open in October 2016 on a 1.15-acre site at Park Avenue West, Welton and 22nd streets in the Arapahoe Square neighborhood, The neighborhood is bordered by Park Avenue West, 20th Street, the alley between Lawrence and Larimer streets and the alley between Welton Street and Glenarm Place.
“TCR is thrilled to close the transaction and begin construction on this 13-story residential community,” said Matthew Schildt, managing director of development for TCR.
“We worked closely with the neighborhood and the city during the design review process and believe it resulted in a building that will make a strong contribution to this neighborhood as well as to the City of Denver,” Schildt continued.
It is being designed by Kephart.
“We believe this will be one of the best buildings we’ve done to date,” Schildt said.
The city’s vision for Arapahoe Square is to become a densely populated, vibrant, mixed-use neighborhood that is pedestrian friendly.
The Denver City Council recently adopted new zoning and design regulations for the neighborhood to help the transformation succeed.
“Despite downtown Denver’s development boom, this pocket of town has remained largely untouched until the last few years,” said Chris Cowan, an executive managing director of ARA Newmark. Cowan and fellow ARA managing director Steve O’Dell represented the landowner that sold the property to TCR.
“TCR’s Alexan Arapahoe Square will join a row of transit-oriented developments that are replacing unsightly surface parking lots and deteriorating buildings and will solidify Welton Street as a great place to live and work,” Cowan added.
The property will feature two sixth-floor courtyards – including one with a pool deck and spa, providing residents with views of the downtown skyline and mountains.
It also will include a 13th-floor rooftop deck and a 1,200-square-foot fitness center.
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