Transit-friendly apartment building now under construction

KTGY Group, Inc., Architecture + Planning, has announced that construction is underway on Elevation at County Line Station, a 265-unit apartment community with a modern vibe in Englewood, Colo. The new $44 million community is situated on eight acres, directly adjacent to the County Line Road Park-n-Ride, and a quick walk from the light rail station across I?25 and near Park Meadows Mall. This transit-oriented residential development is slated for completion in fall 2014. Denver-based Grand Peaks Properties is the developer. KTGY is the apartment community's designer.

Located at 8331 S. Valley Highway in northern Douglas County, the four-story, four-building luxury apartment community features one-, two- and three-bedroom apartment homes ranging in size from 749 square feet to 1,277 square feet, with high-end materials and fixtures. Top-grade finishes include granite countertops, wood-style plank flooring, designer pendant lighting, in-unit front-loading washer and dryer, modern single-handle kitchen faucets and walls of glass overlooking the mountains.

The community amenity lineup includes a light rail commuter lounge, a cyber cafe, 24-hour fitness center, business center, game room and a rooftop clubroom with an outdoor deck, fire pit, and grilling and picnic areas, providing social gathering spaces and panoramic views of the Rocky Mountains. Elevation at County Line Station is also a pet-friendly community and features garage parking, an electric car charging station, and bicycle borrowing.

"Today's renters want the exciting, urban lifestyle and convenience, and access to public transportation enhances both. Transit-oriented communities like Elevation at County Line Station near shopping, dining, entertainment and employment deliver a higher quality of life for their residents while being more environmentally and financially sustainable,” said KTGY's Studio Director Nathan Sciarra, AIA and the project manager for Elevation at County Line Station.

Pre-leasing is expected to begin within the next couple of months. For leasing information, visit www.grandpeaks.com.

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.

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