A new senior affordable housing rental community in the RidgeGate Community in Lone Tree is currently under construction. The project is Colorado-based Koelbel and Company’s second affordable housing community in the highly desirable RidgeGate community.
“Koelbel and Company has long been committed to building affordable housing for residents of all ages and believes this is a critical component for creating healthy communities,” said Luke Canon, vice president of Koelbel and Company. “RidgeGate is the ideal location for an affordable senior housing concept given its proximity to public transportation, parks and open space, nearby retail, and the Sky Ridge Medical Center. Affordable rentals allow seniors to discover a place to put down permanent roots without the stress of looking for housing for sale.”
In 2023, Koelbel received Lone Tree SIP and CHFA tax credit approval for this 101-unit affordable senior housing project to be built in the RidgeGate Village Center. Construction officially kicked off in early December with an anticipated completion date of May 2026. The project is targeting the senior community and utilizing the income-averaging approach of AMI levels between 30% and 80% with the average AMI below the 60% AMI threshold. Each residential unit ranges in size from 594 to 1,074 square feet, features individually controlled heating and cooling units, a full kitchen (with dishwasher, oven/range, microwave, refrigerator/freezer, and garbage disposal), coat closet, in-unit washers and dryers, and cable and internet wiring. Community amenities will consist of a roof-top community room including outdoor amenity space with a BBQ area, fitness room, a lobby-level lounge including a coffee bar, game area and wrap-around covered patio, on-site property management, first come / first serve covered parking, controlled access entries, and security cameras.
“RidgeGate was designed to help people thrive, and each year we deliver on the promise of creating a community with lifestyle amenities, a walkable connection to work and nature, and diverse residential offerings,” said Darryl Jones, senior vice president of Coventry Development Corporation. “Having a diverse mix of residents from different ages, backgrounds and demographics contributes to the vibrancy of this growing community.”
Koelbel and Company also delivered Talus, a 67-unit CHFA-funded affordable apartment complex at RidgeGate Station, in 2023, which is fully leased.
Koelbel is partnering with local affordable housing programs in Colorado to offer homes both for sale and rent to Front Range residents. More information is available at Affordable Home Rentals In Denver and Surrounding Areas | Koelbel & Co.
