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.