The Garrett Companies, a Colorado-based full-service multifamily real estate developer, has purchased 12.6-acre plot of land at 8600 S. Valley Highway in Englewood for $15.14 million.
The land will be developed into a 317-unit apartment community and is now under construction. The project will be named Garrett Park Meadows and consists of a clubhouse with full amenities and six four-story residential buildings. The buildings will include a mix of one-, two-, and three-bedroom units. The residents of this project will be able to enjoy both the adjacent county line rail station and all the amenities offered by Park Meadows Mall.
Eric Roth, Martin Roth and Chris Cowan of CBRE represented the seller, Grace Chapel, in the transaction.
Located at the corner of I-25 and E-470, the land offers immediate access to the County Line Light Rail Station and Park Meadows Mall via the pedestrian footbridge. It’s adjacent location to the Denver Tech Center is likely to attract tenants that work in the immediate area.
“This site represents one of the strongest locations along the front range and allows for true walkability to restaurants, shopping and public transit, which is rare for a suburban location” said CBRE’s Eric Roth.
The Garrett Companies is a full-service multifamily development, construction, and management team with offices in Colorado, Indiana, and Tennessee. its team of experts works in unison to entitle, develop, build, and manage multifamily projects across the country. Garrett is currently active in six states and has completed over 50 projects in 17 states. After delivering over 18,000 apartment homes since 2014, the company has become an industry leader in forecasting trends and delivering living options that find quick success in the marketplace.
