Colorado-Real-Estate-Journal_414122

August 2024 — Multifamily Properties Quarterly — Page 19 www.crej.com Opus Profile F rom its urban offerings to mountain views, Denver’s active lifestyle and breathtak- ing naturalist setting make it stand out for young profes- sionals starting a career and planting roots. But, creating a home that brings all the benefits of the Mile High City together is no small task. As an expe- rienced developer in the multifamily housing secto r, The Opus Group i s committed to presenting a unique value proposition offering residents more than a home, but also a commu- nity, a purpose and a story. The Denver market has consistently lured young professionals, specifically those in the finance and technology sectors, looking for a blend of urban and outdoor lifestyles. This group is drawn to the city’s vibrant cultural experiences, nightlife, restaurants and breweries. It used to be that liv- ing in Denver’s city center was the top choice for young professionals, but that is changing as the suburban mar- kets present strong alternatives. Many Denver professionals desire access to the city, without living in the heart of it. The result is a better balance and more choices for resi- dents. For institutional investors, this scenario offers a different risk profile as well as more affordable land and construction costs, which result in a strong overall investment. Further strengthening the demand side of the equation is the fact that many young professionals are drawn to the flexibil- ity, zero maintenance and countless amenities multifamily housing can provide. The Opus Group identified this opportunity and has answered it with intention, creating options that tell a story to match the needs of resi- dents. Here are three examples: 19Nineteen Mile High The 12-story, 277-unit multifam- ily apartment building is in a prime location for families and young pro- fessionals looking for walkability and great access to the downtown core. Located in the Jefferson Park neigh- borhood, this upscale development, near Mile High Stadium, also offers nearby recreation, including the Platte River Trail, a 28.5-mile multi-use trail that follows the river, and Sloan’s Lake Park, a 177-acre park offering boat- ing, fishing and stunning views of the Rocky Mountains. The development 19Nineteen Mile High is a landmark that speaks to residents looking for a location that connects, luxury that serves and spaces that suit their every need. Kalaco This 280-unit multifamily develop- ment in the La Alma Lincoln Park neighborhood serves as the gateway to the diverse legacy of the Art District on Sante Fe and walkability or tran- sit to the innovation and education found on the Auraria Campus. The location offers an eclectic mix of like- minded and creative individuals. The first floor of Kalaco features live-work units that allow flexibility for residents to operate a business within steps of their home. Residents also enjoy pan- oramic views of downtown and the Front Range with convenient access to light rail, Interstate 25 and Cherry Creek Trail. Kalaco offers more than a home but also a gateway to every- thing Denver has to offer in a place where vibrant, creative people meet. Denver Tech Center Currently under construction, this 253-unit multifamily development is located close to key employers, 12 miles south of downtown Denver within a hub for businesses, hotels and restaurants. Denver Tech Cen- ter is also less than a mile from the Belleview RTD light-rail station and the I-25/I-225 interchange, providing excellent access throughout the Den- ver metro area. This new offering set for completion in November 2025 will bring luxury apartments and ameni- ties to Denver’s dynamic tech center. Opus developments pay particular attention to detail with well-appoint- ed apartments featuring materials and finishes that reflect the aesthetic of the community. Carefully designed common areas attract renters who crave opportunities to connect and build relationships. At Opus, we know socializing is a priority for our resi- dents. They want to feel a sense of community. Pets are another priority. According to a recent study from Zil- low, Denver was sixth on a list of “Top 10 Dog-Obsessed Cities.” At Opus, we design with pets in mind. Denver offers a robust multifamily market poised for long-term develop- ment. More residents are choosing this option because of the incred- ible flexibility and tailored amenities that fit a variety of lifestyles. Once an option that served to fill a need for renters, multifamily housing is now a top choice for renters, and an incred- ibly attractive one at that. s The Welcome Mat is Out for Multifamily Homes in Denver Larry Pobuda Executive vice president and general manager, Opus 19Nineteen Mile High Denver Tech Center