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COLORADO REAL ESTATE JOURNAL
— June 15-July 5, 2016
by John Rebchook
A planned, $30 million afford-
able housing apartment commu-
nity in Aurora to be developed
by Gardner Capital Development
will have an amenity that few
apartment communities can boast
− access to a farm.
Gardner, based in Springfield,
Missouri, will start construction
next year on the Alameda View
Apartments on a 3.7-acre site that
is adjacent to the DeLaney Com-
munity Farm.
Alameda View also will be the
first apartment community built
in that market area in almost 10
years that uses LowIncomeHous-
ing Tax Credit financing.
Residents of Alameda Viewwill
be able to take advantage of com-
munity presentations, agricultural
demonstrations, cooking classes
and education programs on urban
gardening offered by the farm.
Alameda View will serve resi-
dents making 30 percent to 60 per-
cent of the area median income.
The 158-acre farm is Denver
Urban Gardens’ educational com-
munity farm.
Its mission is to provide model
best practices in things such as
food access, sustainable agricul-
ture and community develop-
ment.
“The location is extremely
important and attracted us to the
site, including the surrounding
uses and redevelopment occur-
ring in the area, transit, etc.,” said
Scott Puffer, a senior vice president
at Gardner
“It is also very important that
this community have architectural
integrity that respected the adja-
cent uses and the historic nature of
the farm,” Puffer said.
This is one of three develop-
ments Gardner currently is either
developing or plans to develop in
the area.
In addition to Alameda View, it
hooked upwith the Denver-based
St. Charles Town Co. to redevelop
two former mobile home sites in
Denver’s Westwood neighbor-
hood. It also plans to provide per-
manent housing in Boulder for
at-risk homeless youths.
Meanwhile, Gardner has been
awarded a reservation of state of
Colorado Low Income Housing
Tax Credits from the Colorado
Housing and Finance Authority
to develop Alameda View Apart-
ments at East Alameda Parkway
andAlameda Drive.
The net benefit to Gardner is
$12.8 million in federal tax credits
and $2.8 million in state credits to
fund construction.
Other funding sources include
$10.7 million in private debt and
Home funds from the city of
Aurora and the U.S. Department
of Housing.
Gardner alsowill contribute fees
into the project.
The building will be in the
Centretech neighborhood and in
addition to being next to DeLaney
Community Farm is adjacent to
the High Line Canal trail.
It also will be about a half-mile
from a light-rail station that will
open later this year.
Construction is expected to
begin in the first quarter of next
year.
Construction is anticipated to
take about 12 months.
Sprocket Design-Build will
serve as the project architect and
Pinkard Construction the general
contractor.
Multifamily
A preliminary drawing of Alameda View Apartments in Aurora, which
is being designed by Sprocket Design-Build.
