Wood Partners LLC and East West Partners Plan New Luxury Apartment Community
- Apr 11, 2012
Wood Partners L.L.C. and East West Partners announced that they have arranged capital from USAA Real Estate Company for the development of a luxury apartment community in the heart of the Union Station/Riverfront Park redevelopment.
The $62 million Alta City House, located at 1801 Chestnut St., will include 280 units with one-, two- and three-bedroom floor plans. Construction of the five-story mid-rise community is scheduled to start in August, and the first move-ins are expected in September 2013.
East West Partners, the developer of Riverfront Park and the Union Station neighborhood, previously collaborated with Wood Partners in 2007, when they completed the Glass House high-rise condominium project. The Alta City House was a long envisioned complementary development, and Wood Partners acquired the land in 2006.
Situated between 18th and 19th Streets and Chestnut, Alta City House will be close to the new light rail station and the new train to DIA, which is scheduled to be completed in 2016. The community will feature various amenities including a two-story fitness center, two outdoor courtyards, a roof deck with a year-round outdoor kitchen facility and a two-story club room.
The architect of the project is Paul T. Bergner Associates, the civil engineer is Harris Kocher Smith and Norris Design is the landscape architect and land planner. The construction work will be led by Wood Partners.
Alta City House will be the third development project in the Denver area for Wood Partners after completing the Alta Aspen Grove, Colorado’s first market-rate apartment community of stick frame construction to be LEED-certified.