Legacy Partners, a privately held national real estate firm, and Pacific Life have broken ground on Aracelli, a 236-residence, Class A, NGBS Green-Certified Gold high-rise in Denver.
KTGY is the architect of record for Araceli. The development team also includes Catamount Constructors, Prescient (light gauge steel structure Designer/Fabricator), Jordan & Skala Engineers (MEP), Studio 10 Interior Design (interiors), S. A. Miro (structural engineer), Terracon (geotechnical), and Kimley-Horn (landscape and civil engineer).
“Araceli will be a market-leading multifamily high-rise project in the Denver Tech Center and will offer our residents large state-of-the-art units, excellent access to major employers, and the latest in modern amenities,” said Lane Cutter, senior managing director at Legacy Partners. “After considerable planning and coordination with The City of Denver and various consultants, it’s a great feeling to actually move dirt on the site, and we look forward to seeing Araceli rise.”
The Araceli site, located at 4552 South Ulster, spans 1.38 acres. Anticipated for completion in 2024, the community will consist of a 13-story tower with ten residential levels of light-gauge steel structure above a three-level concrete garage podium. The project will feature homes with panoramic views and an average unit size of 896 square feet, in addition to an expansive pool amenity deck on the fourth level. Additional features will include a protected Uber/Lyft pickup and drop-off area, and electric car charging stations.
Located directly off I-225 in the heart of the Denver Tech Center, Araceli is adjacent to Cherry Creek State Park and is near major employers including AIMCO, Microsoft, Zoom Video Communications, and Progressive Insurance.
