As the retail landscape evolves due to the COVID-19 pandemic and increased popularity of online shopping, more ownership groups are ditching traditional brick-and-mortar retail space in favor of additional housing units. This includes retail space within existing mixed-use complexes. One such example is The Portola apartment complex at the Streets at SouthGlenn shopping center in Centennial.
The 202-unit community, located at 6851 S. Gaylord St. was built in 2009 with space for the development of additional townhomes. Alliance Construction Solutions (Alliance) has begun work to build out 12 additional high-end apartment units. The Mulhern Group is providing design services. The addition project is expected to be completed in Q3 2021.
“I am personally excited for this project to kick off in the Streets at SouthGlenn community,” says Ryan Mirus, superintendent for Alliance. “There are 12 luxury apartments with access to the existing newly renovated amenity spaces. These units include mezzanine levels, storefront façade, and high-end finishes. I’m looking forward to overcoming the unique challenges this project presents.”
According to public records, San Diego-based Sunroad Enterprises, under the names Sunroad SMVA Portola LLC and Sunroad SRCP Portola LLC, paid $71 million in January, 2020, for the Portola, sold by Southglenn Property Holdings LLC.
Photo courtesy of Alliance