Property Description

0.75-acre development parcel positioned at the intersection of Auroras most powerful growth drivers ? this is a developers opportunity to deliver a landmark luxury residential project without the entitlement risk and timeline uncertainty that typically accompany ground-up development.Already zoned and approved for Residential Mixed Use (OA-RMU), the site is primed for a premium multifamily or SFR attached community. With the hard work of approvals behind you, what remains is pure execution: capitalize on one of the Denver metros most undersupplied luxury submarkets and bring a flagship build to market ahead of the competition. The project consists of a 6-story residential building above grade with one level of below-grade parking, with 53 total residential units. The typical floor plate is approximately 12,100 square feet in area, complete with a plan for the 6th floor & rooftop - containing a mix of residential penthouse spaces and occupied rooftop amenity spaces. Auroras demand fundamentals are compelling and sustained. The area draws a steady pipeline of professionals, medical workers, military personnel, and families ? a tenant profile that commands premium rents and maintains strong occupancy even through market cycles. With limited new luxury inventory entering the submarket, a well-designed project here stands to achieve outsized absorption and durable income performance.

Property Features

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