BrokerageMultifamily

Newly-Constructed Multifamily Property Sells in Lakewood

Alta Green Mountain, a recently completed 260-unit apartment community in Lakewood, has sold to Boston-based TA Realty for an undisclosed price.

Located at 13055 W. Mississippi Court, Lakewood has emerged as one of Denver’s premier investment submarkets offering the optimal mix of access to major employment centers and proximity to outdoor recreational amenities – all within a high-barriers-to-entry submarket.

Completed in 2020 and totaling 250,640 square feet of rentable area, the property offers residents resort-style amenities highlighted by a year-round pool and spa, Colorado-inspired fitness center, private garages, and a sprawling indoor-outdoor clubhouse complete with business center and outdoor lounge area. Residents also enjoy immediate access to Lakewood’s William F. Hayden Park on Green Mountain offering 2,400 acres of preserved open space featuring more than 20 miles of dedicated mountain biking and hiking trails. ​​​​​

NorthMarq’s Investment Sales team led by managing director Dave Martin and vice president Brian Mooney marketed the property on behalf of the seller.

“The development team executed flawlessly on the design and construction of Alta Green Mountain, which was evident by the extraordinary lease-up of the asset,” said Mooney. “There is arguably no other apartment community in metro Denver better positioned to capitalize on shifting renter preferences to the western suburbs, a position clearly shared by investors as​ evidenced by a robust turnout during the marketing campaign. Alta Green Mountain ​checks all the boxes in today’s investment environment, and the developer’s timing on delivering this asset could not have been better.”

 

 

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2 Comments

  1. October 28, 2020 at 11:36 pm — Reply

    Wow the property looks good! So inviting!

  2. Connie
    October 30, 2020 at 2:14 am — Reply

    So sad to see another unnecessary large luxury apartment complex with inadequate parking in an area zoned multi-use. Hayden Green Mountain park is already overcrowded and being loved to death. Same for other parks in the area.

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