Transit-Oriented Apartment Community Breaks Ground in Denver’s Globeville
Highland Development Company (HDC), a Denver-based real estate development company, has broken ground on its newest multifamily residential community—Iota Fox Station—in Denver’s Globeville neighborhood, one block from the 41st and Fox transit station. The 148-unit, transit-oriented, apartment community is scheduled to open in the summer of 2023. The general contractor for the project is Martines Palmeiro Construction (MPC), and the architect is KTGY Architecture + Planning.
“We are thrilled to continue cultivating communities in the Greater Denver Metro Area,” said Clay Iman, development partner for Highland Development Company. “Iota Fox Station has provided us a tremendous opportunity to achieve community connectivity both through our building design and the inherent accessibility that Fox Station and the neighborhood’s location offer future residents. It’s only one stop into Union Station, Denver’s main transit hub in the heart of downtown. The Fox neighborhood provides residents immediate access to RiNo, Highlands, and Sunnyside, among other nearby neighborhoods, on top of everything downtown Denver has to offer. In addition, this is a burgeoning location, poised for dynamic growth with the incoming lifestyle amenities and employment that the nearby World Trade Center campus and the Fox Park development bring with them.”
The general contractor, MPC, leveraged its strategic project delivery method, United Project, to engage each project stakeholder early in the design phase. Ultimately, this collaborative approach promoted greater team alignment and true transparency regarding alternative, more cost-effective options in all areas. “We are excited to be breaking ground today on an innovative housing option in Denver at Iota Fox Station,” said Michael Martines, CEO of MPC. “This community gives residents the chance to live in contemporary urban luxury in Globeville, one of Denver’s most up-and-coming locations.”
Iota Fox Station will feature well-appointed amenities and best-in-class finishes. The community’s 148 apartment homes will be constructed of five stories wood frame over two levels of concrete podium. Floor plans will include studio, one-, and two-bedroom apartment homes. The building will be equipped with a storage and maintenance area for residents’ bikes, skis, and other outdoor gear.
Resident amenities will include a state-of-the-art fitness center, coworking spaces, flexible lounge spaces, and a spacious sky lounge on the 7th floor with sweeping views of downtown Denver and the Rocky Mountains.
Located at 500 West 41st Avenue, the transit-oriented community will be situated directly across the street from the 41st & Fox transit station, one station north of Denver’s Union Station, and near the 41-acre Fox Park mixed-use redevelopment, anchored by the World Trade Center campus. Iota is also centrally located near I-25, offering easy access to neighboring areas such as River North (RiNo), Sunnyside, the Highlands, Five Points, Chaffee Park, and LoDo. I-25 and Fox St., via Park Ave., also provide direct access into Denver’s Central Business District.
Nearby retail and restaurants options within quick proximity to Iota Fox Station include Huckleberry Coffee Roasters, CRUSH Pizza + Tap, Movement Rock Climbing & Fitness, Denver Market, Natural Grocers, and Bigsby’s Folly Craft Winery & Restaurant.