18 Jul Construction Wraps on Arista Uptown Apartment Complex
(as seen in the Denver Business Journal June 28, 2013)
What: Arista Uptown Apartments, a 272-unit, nine-building complex. Construction on the last building wrapped up in early June. Developers liked the area, including the employment base, proximity to Denver and Boulder, nearby amenities such as the 1STBANK Center and RTD’s Park-n-Ride. internet safety statistics . The three-story buildings are located on a 6.68-acre site and built in an urban-style format.
There was an obvious market need for the multifamily product as the complex is nearing 90% occupancy after being open for only nine months. The property recently went on the market and is being marketed by Mountain States Moran & Co.
Who built it: SmithJones Partners LLC, based in Denver. CC Residential LLC, a division of Catamount Constructors Inc. of Evergreen, was the general contractor.
Architect: KTGY Group Inc. of Denver
Who paid for it: SmithJones and a silent capital partner. Project costs weren’t released.
Features: The units all have 10-foot ceilings, with 7-by-8-foot windows. They average 700 sq. ft. to keep rents affordable, said KTGY’s Nathan Sciarra, studio director. The complex includes a 4,442 sq. website value . ft. community clubhouse, fitness center, indoor-outdoor lounge, “resort-style” pool with cabanas and towel service, and a fenced, off-leash dog area.
Timeline: Construction started on Arista Uptown in September 2011. The clubhouse and first buildings opened in September 2012.
In their own words: “This generation is more focused on the urban environment and a 24/7 lifestyle than the size of their apartment,” Sciarra said. “The unit configurations are wider to allow more light to reach all parts of the unit, but are lower in total square footage to keep rents affordable for today’s Gen Y cost-conscious renter. All of this is designed within the basic platform of the most popular apartment type in the nation, the three-story walkup, at a density greater than 40 units per acre.”