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November 2017 — Multifamily Properties Quarterly — Page 35
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MEDIA KIT & SAMPLES
Multifamily Properties Quarterly is Colorado’s only print publication dedicated to the multifamily
rental real estate market throughout the state. While the Colorado Real Estate journal continues to
run multifamily news in each issue of the newspaper, Multifamily Properties Quarterly features inter-
esting projects and people, trends and analysis, and covers development, investment, nance, design,
construction and management. is publication is mailed with the Colorado Real Estate Journal
which is mailed to more than 3,500 commercial real estate professionals twice monthly and read on-
line by an additional 1,200 readers.
 Market Reports
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 Design & Construction
Trends
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 Legal Updates
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of building and maintaining roads,
sewers, utilities and schools to ser-
vice new homes. The added popu-
lation provided by apartments can
help support local merchants and
restaurants, which make neighbor-
hoods and cities so unique. Apart-
ment living is an environmental and
economic win-win.
The state of Colorado is accelerat-
ing the green aspects of apartment
living by implementing advanced
energy and sustainability intensive
building codes and action plans,
which are applied to apartment
communities. Denver, along with
many other cities, is setting aggres-
sive targets for sustainability. The
city and county of Denver created
the 2020 Sustainability and Climate
Action Plan, which aims to reduce
greenhouse gas emissions below
1990 levels and sets a long-term
greenhouse gas reduction goal of
reducing emissions 80 percent below
2005 levels by 2050. Denver Water
also is pushing for more water-effi-
ciency measures by offering devel-
opers incentives and rebate pro-
grams focused on landscaping and
plumbing fixtures – many of which
are most impactful in dense apart-
ment communities.
Colorado developers are adjusting
to more stringent energy codes and
enforcement. They are aided by a
benchmarking ordinance that is in
place to assist the improvement and
engage building owners. Other pri-
orities of Denver government groups
include land use, transportation, and
water and its consumption. Through
smart, green design, apartment com-
munities, more easily than single-
family homes, can assist Colorado in
achieving its goals. And this is what
our Green Manifesto is all about. Its
principles have helped our company
invest in these beneficial changes to
the Colorado landscape.▲
Hatcher
compared with only a 27 percent
increase in labor force.While some
may question why a developer would
choose to limit the rental pool to only
those over 55 – actually, the average
tenant is closer to 72 years old – these
renters tend to stay for longer periods
of time, typically about seven years,
reducing turnover costs associated
with younger, more transient renters.
The KTGY-designed Vita for Zocalo
Community Development, a 55+ com-
munity in Littleton, addresses the
empty nester, down-sizer and retiring
baby boomer generation.
Luxury condominiums are becoming
more attractive and we’ve seen proj-
ects shift from apartments to condos
because developers simply couldn’t
achieve the desired returns by build-
ing a rental community on the site.
Such was the case for Metropolitan
Homes at Boulevard One in the Lowry
neighborhood.
• Transit-oriented development for
living and working. The public invest-
ment in the continued expansion of
Denver’s FasTracks rail system has
resulted in a building boom of sorts
around many stations. The common
wisdom is that if you can’t afford to
live downtown, you can at least be
connected to it – and the rest of the
Denver metro – for work or entertain-
ment purposes. In addition to lower
housing costs than comparable units
downtown, this type of location can
reduce or eliminate expenses associ-
ated with owning a vehicle, adding to
the value proposition.
The rising number of work-from-
home professionals has driven the
creation of next-level live/work spaces
that go beyond the traditional busi-
ness center found in many residential
communities. TriVista on Speer, for
example, includes four ground-floor,
storefront-style live/work units. Each
1,490-square-foot space is split into
two levels: a fully open first floor with
a half bath – ideal for a home-based
business – and a second-level living
quarters with one bedroom and one
bath.While these renters may not
need access to transit for a daily com-
mute, they still want to be connected
to nightlife, entertainment, culture
and recreation.
Going into 2018, trends likely to
impact the state of multifamily hous-
ing in Denver include demographic
shifts, land availability and a move-
ment toward outlying neighborhoods.
More than ever, architects and devel-
opers will need to continue to deliver
stand-out communities that incorpo-
rate timeless design aesthetics and
built-in service and convenience, but
at an ever-increasing density … even
in the suburbs.▲
Willis
may not be able to afford their own.
• Community rooms. These are
dynamic spaces that can be used for
many functions, like movie nights,
sports events and parties. They also
can create minicommunities within a
larger space. Lounges placed on each
floor of a multistory building can pro-
vide a social space for those sharing
the floor and feel like an extension of
their own homes, fostering socializa-
tion and building relationships.
• Aesthetics. While it may not be
an amenity per se, the aesthetic of a
space can transform the well-being of
those within. We experience a space
with all our senses, so by using mate-
rials that not only look inviting, but
also feel soft to the touch and wel-
come us in are crucial. Lighting also
plays a critical role in this category,
and while security is likely an impor-
tant factor and some fluorescent
lighting may be necessary, other lay-
ers of light can be added to tone down
an institutional vibe. Chandeliers,
lamp lighting and keeping the ambi-
ent lighting at 2700K (warm white)
can effectively warm up a space.
• Curb appeal. The exterior of the
building can play a role in the hap-
piness of its residents as well. Who
doesn’t want a little curb appeal?
Many of these buildings often are
positioned within communities that
are becoming increasingly higher end
and a sense of fitting in is imperative.
In the end, when we lift those who
are at the bottom, we all benefit. I am
grateful to have participated in a proj-
ect that had a meaningful impact on
those most in need. Take this project
as a step toward good design earning
a permanent home in low-income
housing and a way to share a little
love for all.▲
Pruett