This month, Crescent Communities will begin construction of NOVEL White Fence Farm, a 202-unit multifamily community, on the former site of Lakewood’s beloved White Fence Farm restaurant, which shuttered in 2018.
Construction of the luxury community will be handled by CSI Construction with KTGY acting as lead architect. Landscape architecture is being performed by LandDesign and interior design by CID Design Group.
“Crescent Communities looks forward to introducing NOVEL White Fence Farm to the Lakewood community,” said Ben Krasnow, managing director of the Mountain States for Crescent Communities. “Over the past two years, our team has worked diligently with the City of Lakewood and our future neighbors to ensure that this project will not only have a lasting, positive impact on the area, but will also fit naturally into the neighborhood’s identity. We are deeply appreciative of the collaboration from all sides throughout the planning process, and we look forward to continuing to work closely with the Lakewood community as we near groundbreaking.”
Crescent Communities and financial partner ParkProperty Capital purchased the land in June 2021. First residences are scheduled to be delivered in early 2023.
“We are excited to grow our footprint in Denver and the Lakewood community with such a high-quality developer in Crescent Communities,” said Brendan Whalen, managing director of ParkProperty Capital. “This will be our second investment in Lakewood, and we remain impressed with the quality of life, accessibility, and natural destinations that it has to offer. This is also the first investment through our discretionary fund platform that invests in similar development opportunities throughout the major markets in the U.S. Sunbelt, so this is an important milestone for ParkProperty Capital on multiple fronts.”
The overall design of NOVEL White Fence Farm captures a traditional Colorado form to emulate and complement the surrounding residential neighborhood. The community will consist of three- and four-story elevator-served buildings with studios, one-bedrooms, and two-bedrooms, as well as the adaptive reuse of a 12,500-square-foot Americana barn for the clubhouse. Amenities include the clubhouse, a spacious fitness center with a dedicated yoga room, secure resident storage and bike storage, flexible work from home spaces, a pet spa, dog park, and resort-style pool.
NOVEL White Fence Farm is the second investment in the Denver market by Crescent Communities, with notable milestones including the commencement of work on NOVEL RiNo as well as the recent relocation of Crescent Communities’ Denver office to Lower Downtown. With additional community plans in the pipeline and a growing local team, the Denver market continues to be a top priority for Crescent Communities’ expansion in the Mountain States and beyond.
Rendering courtesy of Crescent Communities
