Groundbreaking: 252-unit Affordable Housing Development in Denver
DENVER — Today, Dominium, a Minneapolis-based owner, operator, and developer of multi-family rental properties with regional headquarters in Denver, broke ground on East Range Crossings, an affordable housing development that will be built near the 61st and Peña A Line station in northeast Denver.
Mayor Michael Hancock, Councilwoman Stacie Gilmore, and Mark Moorhouse, Ron Mehl, and Ben Taylor of Dominium were in attendance.
The $65 million project will bring 252 units at 60 percent or less of area median income to northeast Denver. Uniquely, almost half of the apartment homes will be three bedrooms.
“This project is a great opportunity to provide affordable housing in the developing airport corridor of Denver,” said Mark Lambing, Dominium development analyst. “East Range Crossings will provide high quality, affordable apartments for residents who want to stay in this rapidly-changing community.”
The project has been awarded four percent low income housing tax credits by Colorado Housing and Finance Authority (CHFA).
East Range Crossings will feature a clubhouse that will include a fitness center, yoga area, community kitchen, and business center. Apartment homes will include amenities such as 9’ ceilings, in-unit washers and dryers for rent, modern kitchens, central AC, and walk-in closets.
The exterior amenities will include a playground for children, fire pits, grilling stations, a pool and spa. The property will also offer covered parking, including both garages and carports. East Range Crossings is conveniently located by numerous employment opportunities and the existing RTD Pena Station light rail stop.
Construction will be complete in August 2019.
Rendering courtesy of the City of Denver