Coda is open.
Coda is a 12-story luxury apartment tower in Chery Creek North.
Coda is a Gold LEED building.
Coda has quietly opened its doors.
Coda is the latest luxury apartment tower in Cherry Creek North.
With little fanfare, the 12-story, 182-unit tower developed by Denver-based Zocalo Community Development opened in August.
“I consider myself lucky to have found a community that provides me with a maintenance-free lifestyle close to fine-dining, high-end shopping and work,” said Valerie Dodd, one of the first residents at Coda.
Zocalo’s equity partner is Principal Real Estate Investors.
Coda, by definition is the culmination of everything that came before it.
Perhaps the name is most fitting as far as sustainability features. Zocalo prides itself on green elements in its communities. It has incorporated earth-friendly features into its developments long before it became so mainstream.
Coda, at First Avenue and Steele Street, is one of the greenest and most sustainable residential towers in Denver.
The Gold LEED certified building sports environmentally friendly features such as comprehensive recycling and composting programs, electric vehicle charging stations, discounted parking rates for low-emission vehicles and floor-to-ceiling low-e windows.
“We’re finding that our residents are environmentally sensitive and appreciate the energy efficiency we’ve built into the community,” said Susan Maxwell, a principal and chief operating officer for Zocalo.
Coda is also the only multi-family development in Denver to provide 1 gigabit of high-speed Internet service free to residents.
Comcast is providing the fast Internet speed.
With its Xfinity’s Advanced Communities Network, Comcast is providing high-speed internet through a fiber-to-the-unit deployment.
In addition to internet services, residents will have access to Xfinity TV, Xfinity Voice, Xfinity WiFi, and the next-generation entertainment capabilities of the X1 platform. Xfinity WiFi will also be provided in common areas, where Zocalo made a significant investment in entertainment systems.
“Over the past year, Xfinity Communities laid the groundwork to support gigabit speeds across the country, and with properties such as Coda coming online, our vision is being realized,” said David , Comcast Mountain West Region vice president, sales and marketing.
“Today’s residents expect a high level of technology services and increasingly see internet speed as a competitive advantage,” Tashjian said.
“Through our work, we are helping satisfy the needs of residents and the multifamily industry at large,” he said.
”This investment in network infrastructure at Coda property is a notable differentiator for us in the Denver area,” Maxwell said.
“Our building is registered for LEED Gold certification, making it one of the smarter and more sophisticated properties in the region,” she continued.
“By offering gigabit speeds to our residents as an additional amenity through Xfinity Communities, we are providing the infrastructure needed to support smart home and environmental technology, which are two very important priorities in Colorado.”
Coda also commands some of the highest rents in Denver.
The average rent per square foot is $3.27, according to Apartment Insights, a subscriber apartment data bank owned and updated by appraiser Cary Bruteig.
The average size of a unit at Coda is 902 square feet, which is larger than the units found in most new apartment communities.
Monthly rental rates at Coda range from $1,550 to $6,275, according to Apartment Insights.
“We’re thrilled to be open and to be offering a truly boutique hotel-type lifestyle in one of Denver’s most sought-after neighborhoods,” Maxwell said.
Two of the amenities at Coda are a pet spa and a Velo room, stocked with professional bicycle, ski and snowboard maintenance equipment.
Each unit has custom tile flooring, quartz countertops, an in-suite front loading washer and dryer and keyless entry. Many units also offer private balconies and California closet designs in the master suites.
The design approach was to soften the entry and ground floor storefront and to create a comfortable, activated social space with a residential feel.
Other amenities at Coda:
- A rooftop swimming pool and community lounge, featuring a chef’s kitchen and outdoor grills.
- Concierge services.
- Health and fitness center with space for meditation and yoga.
- Climate-controlled garage with spaces to accommodate all residents.
- And an exclusive entrance for residents into The Kitchen, the highly rated, farm-to-table restaurant opening on Coda’s ground floor in 2017.
Coda is the sixth LEED multi-family developed by Zocalo in Denver.
The company’s other high-rise apartments include:
- 2020 Lawrence, a 231-unit development in Denver’s Ballpark neighborhood.
- Solera, a 120-unit luxury project at 1956 Lawrence St.
- And Cadence Union Station, a 219-unit community, the first in Union Station.
Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. DenverRealEstateWatch.com is sponsored by 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.