Legacy at Fitz Apartment Community Opens in Aurora
Colorado’s first large-scale residential development to break ground in an Aurora Opportunity Zone, began its first phase of opening today. Phase I of Legacy at Fitz, located at 1363 N. Victor Street, consists of a five-story building with 109 residences and two townhome buildings with a total of nine three-bedroom units.
Developed by multifamily real estate firm Legacy Partners, together with their joint venture partner Griffin Capital Company, and designed by Denver-based architectural firm Davis Partnership, the community is located just minutes from Denver International Airport and only a half-mile from an RTD light rail station. Residences range from 564 to 1,667 square feet and rents start at $1,450 per month. The first resident move-ins are expected in early June.
“We are excited to welcome our first residents to Legacy at Fitz, which is located in one of the most convenient areas of Aurora, an increasingly popular and more affordable alternative for Denverites who’ve left the city core over the past year,” said R. Lane Cutter, senior managing director at Legacy. “We think residents, whether Anschutz medical school students, healthcare workers, or other professionals, will be particularly drawn to our project’s attractive look and feel, as well as proximity to Denver’s core and nearby employment centers.”
Legacy at Fitz has been designed to appeal to a wide range of residents and will offer an extensive array of amenities, including a resident coworking area, a speakeasy lounge with bar seating, a dog wash station, six electric vehicle charging stations, and a controlled-access bicycle area with tuning equipment.
Phase II will open early November and consist of 245 units with two courtyards, a pool and spa, two-story fitness center and yoga room, fifth level observation deck with views of the Front Range, and a clubhouse with a fully functional kitchen, billiards table, a private video game room and a private dining room. Additionally, the property will include a Maker Room, which is a space furnished and configured to enable residents to create cutting edge arts and crafts.
Eric Kaplan, president, Griffin Capital Private Equity, added, “We are very pleased with the Legacy at Fitz project, one of four multifamily developments where we have joined forces with Legacy Partners, one of the country’s leading apartment companies. Located within a designated Qualified Opportunity Zone, and across the street from the largest medical complex in the Rocky Mountain region, Legacy at Fitz is one of nine new apartment communities in our inaugural QOZ fund. All of these projects will provide much-needed housing and stimulate economic development while enabling our investors to take advantage of potential significant tax benefits.”
Legacy and Griffin Capital broke ground on the development in August 2019. Legacy, who builds and manages multiple apartment communities throughout the Denver Metropolitan Area, will professionally manage the property.
They are going to charge $1450 per month for a 564 sq ft “apartment” and you write an article like they should be praised?!?!?! This disgusting shit is why our country is dying. Better start learning Mandarin!!!!!
Right? Thank God I bought a house 12 years ago when the market was so low. I don’t know how my kids will ever afford to get started on this town.
This is ridiculous and does not meet the true intent of the OZ program. They ARE “offering” up to 2 free months of rent with lease, and it does include a “speakeasy lounge”. Shaking my head.