Zocalo Breaks Ground on First Apartment Building at Denver Union Station

Zocalo Community Development Inc. has broken ground on the first apartment building to be built in the Denver Union Station redevelopment area,

Zocalo Community Development Inc. has broken ground on the first apartment building to be built in the Denver Union Station redevelopment area, the Denver Business Journal reports. Mayor Michael Hancock, Regional Transportation District General Manager Phil Washington and other Denver City and transportation officials attended the groundbreaking ceremony.

Located at 17th and Chestnut Streets to the west of the historic station, the 13-story apartment building—dubbed Cadence—will include 219 apartments and ground-level retail. The average apartment size will be 810 square feet and the average rent will be $1,600 per month.

Designed by New York-based JG Architects PLLC, the complex is targeting LEED Gold certification. Cadence aims to achieve energy savings close to 70 percent compared to EPA apartment averages. The complex will also feature bicycle storage and a “Velo Room,” as well as a rooftop pool.

Situated 100 feet from two commuter rail lines, including the new line to Denver International Airport, Cadence is the company’s third high-rise apartment development in the metro. Zocalo completed the construction of Solera Apartments, located at 1956 Lawrence St., in 2010. The LEED Gold-certified development features 120 apartments with two commercial units in a 11-story high-rise building. The company is also halfway through the construction of 2020 Lawrence Apartments—a 231-unit, 10-story development that will include 9,100 square feet of commercial space.

Denver-based Zocalo has appointed G.E. Johnson Construction Company as general contractor for the Cadence project. The Colorado Springs-based company has already laid much of the building’s foundation, and the development is expected to begin pre-leasing in the fall of 2013. The equity partners of Zocalo include Principal Real Estate Investors, Bank of the West and Guaranty Bank and Trust.

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Rendering Courtesy of: www.zocalodevelopment.com