Colorado’s First Large-scale Residential OZ Development Breaks Ground
Legacy Partners (Legacy) has announced the groundbreaking of Legacy at Fitz in Aurora. Located at 1363 N. Victor Street, the five-story 363-unit apartment community is Colorado’s first large-scale residential development to break ground under the newly-created Opportunity Zone program. The two-phase development is set to deliver February and June 2021 respectively.
“Given its proximity to the Anschutz Medical Campus, Legacy at Fitz is quite literally the perfect place for medical students, healthcare professionals, and technology workers to call home,” said R. Lane Cutter, senior managing director at Legacy. “Our goal is to make this community one of the most convenient living experiences in the area.”
Designed by architecture firm Davis Partnership, the community will feature a mix of one-, two-, and three-bedroom apartments as well as 497 parking spots. Residential amenities include a clubhouse, fitness center, yoga studio, making room, a fifth level observation deck, and two courtyards with a pool, outdoor kitchens, and fire pits.
Legacy at Fitz is within walking distance to many dining and retail options; only half a mile from the nearest RTD station; and a ten-minute drive to DIA and the Gaylord Conference Center.
Equity financing for Legacy at Fitz was provided by Griffin Capital. “We are excited about continuing our partnership with Legacy on this tremendous development opportunity in Aurora,” said Eric Kaplan, president of Griffin Capital Private Equity, LLC.
Legacy’s development team recently celebrated the grand opening of TriVista on Speer in Denver’s Golden Triangle Creative District. In addition to development, their property management division manages several Denver-area apartment communities, including Legacy on the Promenade in Westminster, a property also developed by Legacy; Westlake Greens, in Littleton; and Fox Crossing, in Denver proper.
Rendering courtesy of Legacy Partners