On April 25, Dominium, a leading affordable housing owner, developer and manager of affordable housing, will hold a groundbreaking at 15025 E. Center Ave in Aurora for Atria at Metro Center, a senior affordable housing development. Elected officials for the City of Aurora and Arapahoe County will join the festivities, as well as leadership from the Colorado Finance and Housing Authority.
Atria at Metro Center is an age-restricted, senior community. The 292,741-square-foot complex will feature 222 apartments with 105 one-bedroom and 116 two-bedroom units. Outdoor amenity space will include a pocket park and public art. Indoor amenities include a clubroom, theater, business center, beauty salon, and fitness center. The development is Dominium’s first new construction project in Aurora and is expected to open in December 2025.
To help address Colorado’s housing crisis, Dominium opened an office in Westminster and is collaborating with investor partners to develop affordable housing for essential workers and Colorado’s seniors. Dominium currently has 1,600 apartment homes in Colorado and is adding to the State’s much needed housing supply with an additional 800 homes planned over the next two years.
Construction of Atria at Metro Center will be supported by the Section 42 Low-Income Housing Tax Credit program (LIHTC). Nationwide, LIHTC is the largest source of support for the construction and maintenance of affordable housing communities. In exchange for tax credits, affordable housing developers and operators agree to maintain rents at levels tied to the Area Median Income (AMI). Construction of LIHTC properties has a positive effect on the local housing market through the simple fact of increasing the supply of affordable housing. This project will be constructed by W.D. Construction, a joint venture between Weis Builders and Dominium Construction and Architectural Services.
“Dominium is humbled to provide high-quality affordable housing to seniors in need here in Aurora,” said Ron Mehl, Dominium senior VP and project partner. “We will strive to continue our mission to make housing options available for those who face income insecurity.”
Dominium would like to thank its development partners, KeyBank National Association, Deutsche Bank Securities Inc., Blackstone, City of Aurora, Arapahoe County, Colorado Housing and Finance Authority, Zions Bancorporation, and Colliers Securities. Dominium would like to thank all these partners for their assistance on this project, continued commitment to providing high-quality affordable housing, and ongoing partnership with Dominium.
