AURORA, CO—As GlobeSt.com previously reported, New York-based Phoenix Realty Group recently purchased Chelsea Park Village, a 600-unit multifamily property located at 11850 East Maple Ave. in Aurora, CO. In an update to the story, Keith Rosenthal, president of PRG, tells GlobeSt.com that the firm is primarily focused on management and getting to know and assess the residents' needs.
According to Rosenthal, the firm has also already started the infrastructure improvements—roofs, landscaping and parking—and will be moving on to amenity upgrades soon.
As GlobeSt.com previously reported, amenities already include a renovated clubhouse and leasing center, heated swimming pool and spa with a surrounding patio seating area, splash park, two saunas, fitness center, turfed soccer field, baseball field, basketball court, dog park and a new playground. Various recreational areas, including the Aurora Hills Golf Course and a range of parks, are located nearby as well.
As the new owner, PRG expects to upgrade the property's amenities, adding new signage, enhancing common areas and improving landscaping to provide a more sustainable environment and an upscale living experience across the property. A unit upgrade program will build upon PRG's deep experience in value-added multifamily property renovations, focusing on kitchen and bath upgrades, appliances, flooring, lighting and hardware in select units.
Rosenthal points out that "Denver has proven to have a dynamic economy, and this complex provides housing to the area's growing population in a unique and expansive campus-like setting, distinguishing it from other apartment communities in the area."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
