DENVER, CO - Alliance Residential Company is pleased to announce the purchase of a 0.79-acre multifamily development site located in the heart of the ballpark neighborhood bordering the Lodo District in downtown Denver. Alliance will begin construction on Broadstone Blake Street, a 164-unit, six-story luxury apartment community, on May 3 following a ground-breaking ceremony at the project site. This is Alliance’s second community to break ground in Colorado this year. The clubhouse and first units are expected to be delivered in the 2nd quarter of 2013, and completion is slated for 2014.
Situated adjacent to Coors Field — home of the Colorado Rockies — and amid a unique and vibrant mix of employment, transportation, higher education, arts, culture, recreation and entertainment, Broadstone Blake Street will appeal to the growing population of young professionals and individuals who appreciate the conveniences and amenities of living in downtown Denver. As a result, the majority of floor plans will be studios and one-bedroom units, with a smaller percentage of two-bedroom homes.
“Alliance focuses on building high-end communities that appeal to a broad spectrum of residents and this location at the entry to Coors Field is a perfect complement to our Cherry Creek project,” says Andy Clay, Managing Director of Development for Denver. “Although they are both boutique Alliance communities, they serve very different needs. We built our first downtown development, TwentyOne01 on Market, in 2009, which provided a great deal of insight into the Ballpark Neighborhood submarket. We’ve designed this community to address the demand trends we’ve observed at TwentyOne01 and are excited to see it take shape.”
The project will also expand upon and modernize the features that made TwentyOne01’s design a success — Broadstone Blake Street homes will offer a contemporary “soft loft” appeal with concrete ceilings, exposed ductwork on ground-floor units and textured paint finishes. Interiors will also feature granite or quartz countertops, island kitchens in most floor plans and stainless-steel appliances. The top- and ground-floor units include mezzanine-level bedrooms with sweeping views of the city and Coors Field, and street-level units feature stoops situated directly across from the first-base entry to the ballpark.
The community will also provide cutting-edge amenities, such as a state-of-the-art fitness center, Wi-Fi café, business center equipped with conference rooms, sports lounge, and small, resort-style pool equipped with barbecue areas and an outdoor fireplace.
Company Information
Alliance Residential is a fully-integrated multifamily real estate operating company focused on the development, acquisition, construction and management of residential and mixed-use communities in the United States. Headquartered in Phoenix, Alliance has 17 regional offices divided among six regions throughout the U.S. Over the past 12 years, Alliance has become one of the largest private apartment owners and the 15th largest management company in the nation, boasting a $7.0+ billion portfolio and 52,000 units in 24 metropolitan markets. Alliance has a presence in 15 states (including Arizona, California, Colorado, District of Columbia, Florida, Georgia, Maryland, Nevada, New Mexico, New York, Oregon, Texas, Utah, Virginia and Washington) and is actively seeking management, development and acquisitions opportunities across the markets it serves. For more information, visit www.allresco.com.