Ground Broken on 281-Unit Luxury Apartment Community
- Dec 06, 2012
Wood Partners recently announced that it has broken ground on a new 281-unit luxury apartment community in the Union Station neighborhood of Denver. Located at 1801 Chestnut St., the five-story Alta City House will be constructed west of Denver’s iconic train station at 17th and Wynkoop streets.
Opened in 1881, Union Station is the centerpiece of a 12-block redevelopment initiative that anchors a modern transit hub surrounded by retail space, restaurants, residential space and public plazas and gardens.
“Alta City House is going up in one of the most exciting urban living-working-entertainment centers in the country,” said Tim McEntee, Wood Partners director. “With over six modes of transportation—from light rail to bike paths—and access to three pro sports venues, 1,200 restaurants and bars, and one of the largest arts complexes in the nation, Alta City House could hardly be better positioned.”
Alta City House will occupy a full block—just less than three acres—between 18th and 19th streets and Chestnut. The apartment building will feature 183 one-bedroom units ranging in size from 645 to 825 square feet, 90 two-bedroom units ranging from 991 to 1,227 square feet, and eight three-bedroom, 1,300-square-foot units.
Rent is expected to average over $2 per square foot, and around 1.7 parking spaces per unit are planned by the developer. The amenities will include a rooftop deck with an outdoor kitchen, fireplace and swimming pool; a dog wash; bicycle repair shop; two-story fitness center; and two-story club room.
The developer of Riverfront Park and the Union Station District, Wood Partners and East West Partners obtained some of the financing required for the project from USAA Real Estate Company. Construction is expected to be completed in the next 18 to 24 months.
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