Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Locally based TP Development LLC broke ground for the first affordable senior citizen housing to be built at the former Stapleton International Airport. Located in Stapleton’s first mixed-use residential neighborhood, Clyburn Apartments will provide 100 rental homes specially priced to be affordable for senior citizens 55 years of age and over who earn up to $33,000 a year.

The rental homes are the first of 4,000 apartments to be built at Stapleton over the next 15 years as part of a community that will also include 8,000 for sale homes. The $12-million Clyburn Apartments are scheduled for completion in August of 2003.

“This is truly an exciting residential development, whereby our seniors will not only have an affordable and desirable housing facility, but will be adjacent to a city park, King Soopers, retail, housing, and other amenities within walking distance,” says Jackie Peterson, owner of TP Development LLC, a minority-owned company that is participating in Forest City Stapleton’s associate developer program.

“Our goal at Stapleton is to create a traditional urban community that has the diversity in age, race, and income that has always made Denver such a vibrant, desirable place to live,” says John Lehigh, chief operating officer for Forest City Stapleton, Inc., the master developer of the 4,700-acre property. “The Clyburn Apartments will provide attractive and affordable housing for seniors adjacent to the grocery store and a variety of retail in our first town center, as well as beautiful parks and public transportation.”

Peterson’s development features 51 two-bedroom apartments ranging from 750 to 800 sf, and 49 one-bedroom units of 600 sf. Rents are anticipated to range from $702 to $841 a month. Residents of the building will have a computer lab/community room on the first floor, a second-floor sunroom/lounge and library, and a large garden/ courtyard.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.