This project was developed by the Northeast Denver Housing Center, which has built almost 1,000 affordable rental apartment units in Central Park, according to NDHC Executive Director Dominique Acevedo. Both complexes are for those making from up 60% AMI to less than 30% AMI. It’s a three-story building with 127 units ranging from studios to three bedrooms.Ĭentral Park II at 5173 N. is within walking distance to the Central Park station. On April 14, officials celebrated the opening of the Central Park II and III Apartments, which brought 217 units to the area.Ĭentral Park III at 3500 N. “Also, the retail support within the Shops at Northfield provide grocery shopping at Target, and a variety of other shops, all with easy pedestrian access from Northfield Flats.” This is the second celebration of affordable housing in Central Park this month.
“Northfield Flats is the ideal type of location for an affordable housing project, given its accessibility to jobs, schools, parks, and easy access to the A Line Central Park Station,” said George Thorn, President of Mile High Development in a press release. “Projects like Northfield Flats make a tremendous difference for hard-working residents and families, and we’re proud to help make this possible thanks to Denver’s Affordable Housing Fund,” said Mayor Michael Hancock in a press release.
Other partners include the Colorado Department of Local Affairs and the Colorado Housing & Finance Authority. The Department of Housing Stability provided $4,515,000 in gap financing. The project was developed by Mile High Development and Brinshore Development and was partially funded using the city’s Affordable Housing Fund. About a third of the units will be for those making at or below 30% AMI, which is about $31,650 for a family of three. For a family of three, 80% AMI is about $80,500. On Monday, officials celebrated the groundbreaking of the Northfield Flats, a five-story, 129-unit housing complex with a mix of one to three bedrooms.Īll of the units are income-restricted for Denverites making up to 80% of the area median income. Winslow has more than 40 years’ experience in commercial real estate.More affordable housing is coming to Central Park. Winslow, president of Winslow Property Consultants. This transaction was negotiated by the ARA Newmark Multifamily Team consisting of Jeff Hawks, Doug Andrews, Terrance Hunt, Shane Ozment, Amanda Meldrum & Courtney Crowder.Ĭomp of the Day is provided by John V. The amenities include a roof deck area, outdoor kitchen, spinning bikes, a sun deck, fitness center, dog park, clubhouse with pool table, TV, free-standing kitchen islands, stainless steel appliances, quartz countertops, full-size washers and dryers, and large private balconies. The seller paid $19 million for the 11.75 acres of land in July 2013, or $37.12 per square foot, or $48,718 per buildable square foot. There are 296 garage spaces including eight handicap accessible spaces and 245 surface spaces including 11 handicap accessible spaces. Decker Jr., CEO, & Matthew Volpano, SVP, 70Ĭomments: The average size unit is 880 sf with an average monthly rental rate of $1,857 per month, or $2.11 psf. Search for other Building Specialties in Denver on The Real Yellow Pages®. Grantee: IRET Properties LP, 800 LaSalle Avenue, Suite 1600, Minneapolis, MN 55402, attn: Mark O. Get reviews, hours, directions, coupons and more for Iunit at 1062 Delaware St, Denver, CO 80204. Grantor: CP IV Platte Valley Apartments LLC c/o Carmel Partners Inc., Mike Zeff, CEO, & Trey Hilberg, SVP, 41 These units’ rental rates range from $1.92 to $2 psf, with an average of $1.96 psf. The remaining 139 units consist of two-bedroom/two-bath units ranging from 1,043 to 1,463 sf. The rental rates range from $2.05 to $2.71 per sf. There are 251 one-bedroom/one-bath units ranging from 579 sf to 853 sf. Improvements: 390-unit apartment, with 343,138 rentable sf, YOC 2015.
Address or Location: 3500 Rockmont Drive, Denver, “Westend Apartments”
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