High Street, CBRE to Start Construction on Denver Apartments

The Residences at Olde Metropolis Station. Picture courtesy of Extreme Road Residential

Extreme Road Residential (HSR) and Three method companionship companion CBRE Funding Administration have introduced plans to develop A mannequin new house group Inside the historic suburban Denver enclave of Olde Metropolis Arvada.

The Residences at Olde Metropolis Station Shall be a 4-story, 252-unit enchancment with two ranges of structured parking. Development is slated To start this month, with completion scheduled for the 4th quarter of 2023.

The house group will function flats and for-lease stroll-up mannequins, with A combination of studio To 2-bed room residences. Choose mannequins will add a den.

The transit-oriented enchancment Shall be located subsequent to the Olde Metropolis Transit Hub on RTD’s Gold Line to the northwest, and accessed by way of 56^th Avenue from Vance Road and Wadsworth Bypass.

Rail oriented

“Arvada is A primary-ring suburb of Denver, and Olde Metropolis is an historic downtown, about 16 blocks all collectively, courting to the late 1800s, rail oriented with historic buildings And a lot of of eating places,” Invoice Mosher, HSR senior managing director, informed Multi-Housing Information.  

“This (parcel) was primarily a vacant lot used as a park-and-journey for our regional bus system. When The selection was made To place a practice cease in Olde Metropolis Arvada, there was additionally A selection To assemble a transit hub there with parking, a practice station and the bus facility. The distinctive park-and-journey facility was then vacant and The town And concrete renewal agency put All of it up for reenchancment. There’s a 130-room lodge enterprise To return later that we’re hoping to do, with assembleion starting subsequent yr,” he added. 

The JV has confronted a trio of challenges So far, collectively with designing with group enter To Make assembleive the event matches with the neighborhood historic previous, Dealing with a 35-foot hillside and discovering pretty priced supplies To assemble and acquire these on time. 

Architectural agency The Eisen Group designed the enterprise. PCL Development is The general contractor. Residents Financial institution furnished the enterprise’s financing. Two months in the past, HSR introduced The start of a mixed-use high-rise enchancment in Raleigh.