Today Denver Urban Review (DUR) sat down with senior managing director Spencer Stuart Jr. of Legacy Partners to gather information on their planed apartment project. This development will take shape on the lot that sits on the south side of 14th Street and is bordered by Speer Boulevard, Galapago Street, and Fox Street in Denver’s Golden Triangle neighborhood. The property currently serves as a parking lot.
The project is expected to include 322 apartment units in 1, 2, and 3 bedroom options that will range in size from 595 square feet to 1720 square feet. Five floors of apartments will sit on a two-story parking podium with a total of seven above grade floors. Walk-up units will also be showcased to enhance the streetscape. A dog walk, bicycle storage and repair station, a pool and a rooftop deck will be featured in this develop. Two interior courtyards will be included as well. A few tweaks to the project may take place, so a couple of the details may change, but Mr. Stuart assured DUR that this project is a go.
Mr. Stuart stated, “we are working with KTGY Architects to design a project that has its own style, but also fits the golden triangle neighborhood. Our target group on this is not the young people right out of college, but a more established demographic that is consistent with the neighborhood.”
DUR did get to view drawings of the project on paper with different potential exterior finishes. Legacy Partners and KTGY are still finalizing the finishes to this project. Final renderings of the project will be released after the finishes are firmed up.
DUR asked Mr. Stuart where he believes Denver is in this current development cycle.
“Denver is a sports town so I will use a baseball analogy. “Denver is in the 8th inning of the game, but I think this game is going into extra innings. This thing might go to the 16th inning and ball could still be being played at 1 in the morning. Denver is a lifestyle market, so it is always going to be an attractive place to live,” stated Mr. Stuart.
This project is on target to break ground in either the first or second quarter of 2016.