Colorado Real Estate Journal - March 18, 2015
Aria Apartments brings 72 affordable homes, with efficient land-use and building technologies, to leverage the larger 17.5-acre, $85 million Aria Denver redevelopment in Denver’s Chaffee Park neighborhood. At build-out (452 homes and 30,000 square feet of neighborhood-serving commercial), Aria Denver will model environmentally, socially, and economically responsible community development. Tripling the density of surrounding neighborhoods with innovative parking and public spaces, the Aria Apartments are also LEED-Platinum for excellence in energy- and water-efficient design. Environmentally friendly materials were installed in each apartment. Residents have access to active, healthy living through play spaces, a workout facility, planned walk/bike loop, and a new urban farm. Aria Apartments is spurring revitalization in four long-ignored neighborhoods in Denver and Adams County. Market reception has been strong. Within weeks of opening, Aria Apartments were 100 percent leased. The developers maintain a waitlist of 1,000. Owner/Developer: Chuck Perry, Manager, Aria Apartments LLC. Design Team: Jim Bershof, Principal, OZ architecture. Greg Dorolek, Senior Associate, Wenk Associates. Civil Engineer: Brad Disner, Senior Manager, Vision Land Consultants Inc. Debt Participant: Dakar Gibbs, SVP, Bank of America Merrill Lynch Equity Participant: Cassandra Silvernail, Tax Credit Investor, Bank of America Merrill Lynch General Contractor: Mark Greer, EVP, Palace Construction. Wow factors: Rocky Mountain views; the Colorado Health Foundation’s recent $1 million grant to support a healthy urban environment at Aria Denver and in the surrounding neighborhood and schools