The Opus Group today announced it has started construction of a 280-unit multifamily development in Denver's Lincoln Park neighborhood at the southwest intersection of Colfax and Kalamath. Called Kalaco Apartments, the development at 1010 West Colfax Avenue is across the street from the
Auraria Campus and will include 9,400 square feet of retail space on street level.
The seven-story apartment building will offer studios, one bedroom, two bedroom and three bedroom apartments, as well as live-work units, which will allow residents to operate a business on the first floor with favorable business lease rates. Opus worked with the City of Denver Department of Housing Stability (HOST) and Neighborhood Equity and Stabilization (NEST) on the project. Ten percent of the apartments will be affordable to households earning 60 to 80 percent of the area median income.
Residents will enjoy an unobstructed view of downtown Denver and the Front Range, with easy access to the RTD Auraria West light rail station and Interstate-25. The Art District on Santa Fe, with galleries, restaurants and specialty shops, is a five-minute walk -- and access to the Cherry Creek Trail is one block from the apartment building.
Residents will have access to a full set of amenities, including a clubroom on the top floor, a green roof deck, a multi-level fitness center, an oversized pool and a 2,100-square-foot first-floor co-working space. The building will also offer gallery space to promote the work of local artists. Additional amenities include an outdoor yoga area, multiple grilling stations and indoor-outdoor community fireplaces. Pet amenities include a dog grooming area and an onsite dog run. The development will include a two-level parking ramp, as well as secure ski and bicycle storage rooms.
“We are very excited to deliver much needed housing and retail to this vital corner that is just two blocks from the Art District on Santa Fe," said Joe Swensson, senior manager of real estate development at Opus. “We view Kalaco Apartments as the gateway to the Art District on Santa Fe and the La Alma/Lincoln Park community. Early in the project, the development team met with the local neighborhood organization on numerous occasions to establish a collaborative relationship with all stakeholders. It was important for Opus to create a project that will have a positive impact on the local community, which is why we are including affordable housing, live/work units, and neighborhood-serving retail."
The project is scheduled for completion in March 2024.
Opus is the developer, design-builder, interior designer and architect and structural engineer of record.
The seven-story apartment building will offer studios, one bedroom, two bedroom and three bedroom apartments, as well as live-work units, which will allow residents to operate a business on the first floor with favorable business lease rates. Opus worked with the City of Denver Department of Housing Stability (HOST) and Neighborhood Equity and Stabilization (NEST) on the project. Ten percent of the apartments will be affordable to households earning 60 to 80 percent of the area median income.
Residents will enjoy an unobstructed view of downtown Denver and the Front Range, with easy access to the RTD Auraria West light rail station and Interstate-25. The Art District on Santa Fe, with galleries, restaurants and specialty shops, is a five-minute walk -- and access to the Cherry Creek Trail is one block from the apartment building.
Residents will have access to a full set of amenities, including a clubroom on the top floor, a green roof deck, a multi-level fitness center, an oversized pool and a 2,100-square-foot first-floor co-working space. The building will also offer gallery space to promote the work of local artists. Additional amenities include an outdoor yoga area, multiple grilling stations and indoor-outdoor community fireplaces. Pet amenities include a dog grooming area and an onsite dog run. The development will include a two-level parking ramp, as well as secure ski and bicycle storage rooms.
“We are very excited to deliver much needed housing and retail to this vital corner that is just two blocks from the Art District on Santa Fe," said Joe Swensson, senior manager of real estate development at Opus. “We view Kalaco Apartments as the gateway to the Art District on Santa Fe and the La Alma/Lincoln Park community. Early in the project, the development team met with the local neighborhood organization on numerous occasions to establish a collaborative relationship with all stakeholders. It was important for Opus to create a project that will have a positive impact on the local community, which is why we are including affordable housing, live/work units, and neighborhood-serving retail."
The project is scheduled for completion in March 2024.
Opus is the developer, design-builder, interior designer and architect and structural engineer of record.
About The Opus Group:
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail and institutional projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter and Instagram.