405-Unit Apartment Community Planned for Colfax Avenue Corridor
Marking the company’s first investment in the Denver market, North Carolina-based Grubb Properties will add essential housing to the City of Aurora by developing a 405-unit apartment project, called Link Apartments® Fitz, at the southwest corner of East Colfax Avenue and Peoria Street. Construction on the project is expected to begin in June.
“Link Apartments Fitz will bring new value and momentum to a historic commercial corridor,” said Eric Swan, development associate at Grubb Properties. “We’re excited to enter the Denver community as a long-term partner and look forward to building relationships and finding other opportunities in the area.”
KTGY is the architect for the project. The development will emphasize walkable design and connectivity, with easy access to the light rail and future bus rapid transit system. It is directly adjacent to Fitzsimons Innovation Community, a 125-acre innovation campus combining CU Anschutz Medical Campus, UC Health University of Colorado Hospital, Children’s Hospital Colorado, and VA Hospital with commercial and lab space.
The community will be the latest project in Grubb Properties’ nationally registered Link Apartments® brand, which offers essential housing and a superior living experience to residents who want to live near transit, employment, and entertainment venues. Link Apartments® communities are also designed with an eye toward environmental stewardship. All buildings are National Green Building Standard certified, and many feature electric vehicle charging stations and proximity to bikeways.
Grubb Properties is a leader in transit-oriented design, seeking out locations near major transit hubs or greenways to limit the need for parking, and/or creating shared parking models between the residential and commercial components of developments..
The project is part of Grubb Properties’ 2020 Qualified Opportunity Fund, which is pursuing essential housing solutions in designated Opportunity Zones nationwide. The company has a deep history in investing in neighborhoods now designated as Opportunity Zones. It has completed ten new investments under the program and is looking to continue to grow its portfolio in the coming years.
Grubb Properties recently launched the 2021 Grubb Opportunity Fund, which will invest in multifamily properties and emphasize essential housing in resilient and high growth markets.