Planned Denver apartment community is for those 55 years and older

Avenida Lakewood, a new 230-unit rental community, is now under construction just six miles from downtown Denver. The KTGY-designed community is for active adults age 55 and older.

Designed as the centerpiece of the Oak Station Marketplace mixed-use development, Avenida Lakewood will rise four stories and cover 6.09 acres. The complex’s S-shaped design is organized around three landscaped courtyards for active, passive, pool, and poolside activities. A rooftop sky lounge with private indoor/outdoor entertainment areas provides views of the Rocky Mountain foothills and the downtown skyline.

The amenity space wraps around the central courtyard and includes a heated saltwater pool, spa, and outdoor dining. The interior will provide residents with a yoga room, fitness room, beauty salon, lounge, TV room, movie theater, bistro/dining hall, living room, business center, conference area, and an arts and crafts room.

Additional community amenities include a great room, pub and game room, dog park, outdoor patio and barbeque grills, garden plots, shuffleboard area, and walking trails. Each apartment unit comes with a washer and dryer and some units include a private balcony, granite countertops, wood cabinetry with designer hardware, and stainless steel appliances.

Avenida Lakewood’s grand opening is currently scheduled for spring 2019.

Across the country, multifamily rents have skyrocketed. Year-over-year rents are up by double digits in nine of the top 30 markets, while national YoY rent growth is up 6.3%. Emerging from the pandemic, a perfect storm of migration, enhanced government stimulus and a hot housing market, among other factors, has enabled this extremely strong growth.