City Living

Alta City House 78 percent leased

August 26, 2015 2
Denver Union Station

Alta City house DUR.

Alta City House, a 280-unit apartment community in Denver’s Union Station neighborhood is now officially complete. The project cost $62 million to develop and took shape at 1801 Chestnut Place. The units are now 78 percent leased.

This project was developed by Wood Partners, LLC., East West Partners, and USAA Real Estate Company. Wood Partners will manage this apartment community.

“Alta City House is a high-profile project just west of Union Station, at the hub of the Denver metro area’s light rail system,” said Tim McEntee, director for Wood Partners’ Rocky Mountains region. “Overall, we’re very pleased with how well it has been received. It’s an exciting, high-profile project, and we really amped up the amenities.”

Alta City House has received a LEED Gold ranking from the U.S. Green Building Council. The five-story structure houses one, two, and three bedroom units that range in size between 645 square feet to over 1,300 square feet for the three bedroom units. Prices range from $1,710 to $3,600 a month. A parking structure was incorporated into this development and creates a ration of 1.4 parking spaces per unit.

This development is located two blocks from the Union Station train platform that will provide connecting rail service to much of the Denver metro area. In 2016 a commuter rail line to Denver International Airport will open.

The community will feature a wine locker, two-story fitness center, and a rooftop deck that will provide views of Coors Field

Paul T. Bergner Associates is the architecture firm that designed Alta City House.

There are 2 comments

  • Ryan says:

    This building is depressing, or at least a curious physical manifestation of the economic environment surrounding it. Its scale, scope, and quality is a product of the 2008 economic crisis, but was finished during the 2015 Denver population boom and economic upswing. The original (circa 2007?) renderings were remarkable by comparison.

    The market spoke, and it turned out that the market sorely underestimated what this building’s potential could be. So it goes.

    • Dan says:

      Agree with Ryan, the original “City House” was a real gem. If I remember correctly, E/W Partners had some financial constraints and needed equity partners to get this completed, so this grossly under-developed project is what we got. I have to imagine if they had to do it over again they would have built to the allowable height of the property.

      Also, I just read that E/W sold the “Block B” lot to an affiliate of Amstar. Hopefully they will develop for sale units, that is really the last opportunity in Union Station for condos.