DENVER-Alliance Residential Co. begins construction this week on its second luxury multifamily development in downtown’s ballpark district, bordering the Lodo District. Broadstone Blake Street will be located on Alliance’s recently purchased .79-acre site in the heart of downtown, adjacent to Coors Field amid a mix of employment, transportation, arts, culture, recreation and entertainment. Andy Clay, Alliance’s managing director of development for Denver, tells GlobeSt.com that projected construction costs for the 164-unit, six-story luxury apartment community are approximately $40 million.
This will be Alliance’s second community to break ground in Colorado this year. In February, the company began construction on Broadstone Gardens at Cherry Creek, off south Jackson Street southwest of Alameda Ave. and Colorado Blvd., which is across from the first-base entry to Coors Field.
The clubhouse and first units for the new community are expected to be delivered in the second quarter of 2013, and completion is slated for 2014. According to Alliance, this community 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. Top- and ground-floor units will 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.
“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 Clay. “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 TwentyOneo1’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 community will also provide cutting-edge amenities, such as a state-of-the-art fitness center, Wi-Fi caf
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
