Denver
Wood Partners LLC has acquired a 17.57-acre parcel in Littleton,CO, where it plans to start construction immediately on a 280-unitgarden-style apartment community. The development, to be calledAlta Aspen Grove, is designed to be eco-friendly, transit-orientedand packed with high-end amenities commensurate with the nearbyupscale Polo Reserve neighborhood. It is expected to be open forlease by spring 2011. “Alta Aspen Grove is a new highlight in ourportfolio. Renters will find its environmentally friendly designand amenities on par with the excellence in reputation that we’reknown for nationwide,” says Ryan Dearborn, chief executive officerof Wood Partners, which also developed Glass House Denver inRiverfront Park. “The Denver market is one of the strongest in thecountry and this choice property represents a great strategic fitfor Wood Partners.” The property located at 7317 South Platte RiverPkwy. is adjacent to the 260,000-square-foot, open-air Aspen GroveShopping Center, home to over 50 of Colorado’s finest stores andrestaurants. It is within easy walking distance of the light railstop at Mineral Ave. and Santa Fe Drive, which offers convenientaccess to downtown Denver, and is only a 20-minute commute by carto both the city center and the Denver Tech Center. Alta AspenGrove has direct access to the 660-acre Carson Nature Preserve withthe Platte River running through it that connects with 120 miles ofrecreational trails. In keeping with Wood Partners’ commitment tobuild environmentally friendly communities, the property isdesigned to meet the national Energy Star standards for efficiency.The developer also plans to pursue LEED certification, which isextremely difficult to obtain for garden-style developments,according to a prepared statement. “Wood Partners is verygreen-oriented and we believe this will be a very strong draw inDenver and especially in the city of Littleton,” says director TimMcEntee, who handles all Wood Partners developments in Colorado.“Environmental sensitivity along with luxury is part of the ethosof our community and people have come to expect it.” Alta AspenGrove will consist of 17 two- and three-story buildings in a gatedcommunity that includes a clubhouse with a high-end fitness center,full kitchen with large entertainment area, media center and anupbeat cyber caf
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