FTK Construction Services, a nationwide general contractor specializing in affordable housing/LIHTC projects, has begun the rehabilitation of Weatherstone Apartments. The property in Aurora was built in 1981 with a previous renovation in 2008. Weatherstone Apartments has 204 one, two and three-bedroom apartments. The value of the contract is $13,759,700. The lender for the project is Colorado Housing and Finance Authority (CHFA).
The property owner is Steele Properties, a Denver-based national real estate investment company specializing in the acquisition, rehabilitation, and new construction of affordable housing rental properties.
Interior renovations will include paint, countertops, bathroom upgrades including plumbing fixtures, flooring, cabinets and countertops, and HVAC replacements. Exterior renovations will include painting, paving, playground improvements, landscaping, accessibility improvements, and more.
Jim Goodman, FTK’s CEO said, “We are very appreciative of the long-standing relationship that we have with Steele Properties. It’s a relationship that is based on mutual respect and transparency. They are a renowned nationwide leader in the affordable housing industry, and we are grateful to be part of their initiative to provide more quality affordable housing across the U.S.”
The anticipated construction completion date is March 2026.
To date, FTK Construction Services has completed or is in the process of completing projects in 35 states and has completed/contracted over 6,500 rehabbed units.
