McWhinney Announces Fifth Multifamily Project in Colorado
By Gabriel Circiog, Associate Editor
McWhinney, a Colorado-based developer, has announced plans to start construction this month on a new multifamily project just north of Denver in Westminster, Colo. Dubbed as Arbour Commons, the development is the company’s fifth multifamily project. An official groundbreaking ceremony is scheduled for May.
Located off Interstate 25 and 144th Avenue at the Orchard Town Center master-planned community, Arbour Commons will be the second multifamily project developed by McWhinney at that location, situated just north of Arbour Square Apartments. The latter, a 300-unit multifamily development, opened in the fall of 2011.
McWhinney Vice President Chris LaPlante said: “The market has responded well to Arbour Square, and as vacancy rates continue to remain low, we look forward to responding and delivering on the market’s residential needs.”
Arbour Commons intends to deliver 394-units that will include studio, one-, two- and three-bedroom apartment homes. The units will feature numerous amenities equal to the existing McWhinney Lifestyle Communities along Colorado’s Front Range, which will include a nearly 8,000-square-foot state-of-the-art Welcome Center, 24-hour fitness facility, theatre and media room, conference and dining facilities, a sky lounge on the top floor, a resort-style swimming pool, and children’s play areas.
Located close to the Orchard Town Center—a 980,000-square-foot open-air retail and entertainment district, the residents of Arbour Commons will also have direct access to major highways such as I-25, Northwest Parkway and E-470.
Pre-leasing is expected to start in late summer. The first apartment homes are anticipated for move-in starting January 2014.
For more news from Denver/Colorado Springs, click here.
Image Courtesy of: www.mcwhinney.comTags: Arbour Commons, Architecture/Design, Commercial, Denver Lead Story, Denver Real Estate, Developers, Development, Finance/Investment, Investors, leasing, Local, luxury, luxury apartments, Managers, McWhinney, multi-family, Multifamily, National, operations, Owners, Professional, property management, Regional, retail, The Orchard Town Center