(To read more on the multifamily market, click here.)
DENVER-Boulder-based Knudson Gloss Architects will serve as the architect for the $20-million multifamily duplex at Interstate 25 and South Broadway, on the site of the former headquarters for the Gates Rubber Co. McStain is the developer for the 43-unit, infill development.
Jerry Gloss, principal of Knudson Gloss, says that it will be a transit-oriented development because it is across the street from a major light-rail station that already is a nexus for the Southwest and Downtown lines, and in the future will be served by lines connecting to FasTracks. "We've created a unique multifamily product with an urban edge, and with easy access to the I-25 transportation corridor," Gloss says. "We anticipate high demand for this community, considering its location and close proximity to two rail lines."
KGA is responsible for the design of the models, from the initial concepts through construction drawings. Initial plans for the duplexes include three floor plans, ranging from approximately 1,970 sf to 2,200 sf. Each unit includes a basement, detached garage, backyard and courtyard living space, with an exterior appearance resembling that of single-family detached homes.
"These units feature a blended design for young single and married professionals who don't have kids or have very young children," says Mike Davinroy, KGA project manager. "The plans include chic features that are the 'what's new' in architecture--from a third-floor mezzanine that's perfect for a workout room or home office, to the spacious rec room option in the basement ideal for the big screen and wet bar for watching the Broncos game."
The KGA and McStain project is the first development announced for a portion of the 30-acre site owned by Houston-based Lionstone Urban Investments One. The team will develop 3.25 acres on the north side of the property. McStain anticipates the presales program to begin in the winter of 2005. The entire site will house 2.7 million sf of commercial, residential and retail space with a completed value of approximately $540 million. KGA's goal, along with the builder and developer, is to preserve and enhance the low-density character of the neighborhood.
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