Wood Partners Announces Grand Opening of Alta Green Mountain in Lakewood, Colorado

LAKEWOOD, CO – Wood Partners, a national leader in multifamily real estate development, announced the grand opening of its new luxury residential community, Alta Green Mountain, in Lakewood, Colorado.
The new residential community, which is situated on 12.6 acres at 13055 West Mississippi Court, offers a prime location balanced between the city and the foothills of the Rocky Mountains.
“Lakewood is one of the most desirable submarkets in the Denver metropolitan area,” said Clay Iman, Managing Director for Wood Partners. “Alta Green Mountain residents will delight in the unique qualities the property offers, as it is positioned at the base of the foothills and has the feeling of a mountain resort nestled in the city. Residents will have immediate access to 2,400 acres of open space in Lakewood’s second-largest park. The community offers incredible views of the Denver skyline, immediate access to major employment centers, convenient access to an active lifestyle, and the ability to readily escape into the mountains.”
Alta Green Mountain provides convenient access to a number of major roadways, including Interstate 70, Highway 285, C-470, and 6th Avenue, quickly connecting residents to downtown Denver and job centers across Denver’s west side, as well as to the nearby mountains.
The new community is a small distance from the Denver Federal Center, the largest concentration of federal agencies outside of Washington, D.C., with more than 6,200 employees at 26 agencies. Belmar, a mixed-use, open-air lifestyle mall with 800,000 square feet of office space and a large number of retail outlets, is four miles from the property down West Alameda Avenue, offering many employment, dining and entertainment options. Safeway, Whole Foods, Natural Grocers and Sprouts provide a full complement of grocery stores nearby.
Alta Green Mountain is just blocks from Green Mountain Park and its hiking and bike trails and is seven miles from the world-well-known Red Rocks Amphitheater. Additionally, the community features expansive on-site outdoor amenities, including a year-round pool and spa, indoor/outdoor clubhouse, central green space, a communal fire pit and other exterior gathering areas.
Alta Green Mountain has a number of other resort-style amenities, including keyless entries, a double-height fitness space, co-working spaces, community game room and an outdoor kitchen with a dining area. The community is pet-friendly, offering a dog wash and on-site dog run.
The apartment homes offer high-end finishes including granite countertops, faux wood-plank flooring, 42-inch kitchen cabinets and stainless steel appliances, plus the convenience of in-unit washers and dryers. Several units feature views of the mountains or the Denver skyline.
Alta Green Mountain offers 260 units, each with a private balcony, in one-, two- and three-bedroom floor plans. The community’s 10 buildings sit at different heights across the property, providing favorable views from the apartments and making an appealing community aesthetic near the foothills.

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CIM Group Sells 690-Unit Marquee at Block 37 Apartment Tower in Chicago’s Theatre District

CHICAGO, IL – CIM Group announced that it has sold the 690-unit Marquee at Block 37 apartment tower in the heart of Chicago s State Street and Theatre District. Rising 34 tales atop the northern end of the four-level Block Thirty Seven retail center, the sleek, glass-clad apartment tower developed by CIM offers sweeping views of Chicago. When completed in mid-2016, the tower was one of the largest newly-constructed apartment buildings in the city.
Located at 25 West Randolph Street, Marquee at Block 37 offers transit-oriented residences in The Loop, with direct access to the city s extensive pedway system, connecting residents to many local businesses and attractions as well as the red and blue CTA lines.
The tower features modern studio, one-, two- and three-bedroom floor plans with a host of on-site amenities including a spacious outdoor pool and sundeck, fire pits, rooftop hot tub and terraces, dog run and wash, fitness center, event room, business center, and an expansive outdoor terrace overlooking State Street.
The 275,000-square-foot Block Thirty Seven retail center is itself a top-tier amenity, only a private elevator ride away for Marquee residents. Block Thirty Seven offers an array of shopping, dining and entertainment options, including an 11-screen AMC Dine-In Theatre. Well loved Broadway shows, varied acts and national plays as well as cultural venues are just steps away.
CIM Group bought the Block Thirty Seven retail center at 108 N. State and applied its experience and proven track record of making urban mixed-use properties in metropolitan communities across North America to the repositioning of the center as an attractive destination for the community. Completing Marquee at Block 37 and bringing residences fulfilled the city s long-standing redevelopment vision for this vital block in The Loop.
CIM is an active owner, developer and operator of properties in Chicago with its current portfolio including the redevelopment of Tribune Tower into luxury condominium residences, 444 N Michigan Avenue office building, 425 S Financial Place office complex, The Paragon apartments, Chestnut Place apartment building, 1550 On the Park condominiums, and the 725 S Wells data center.

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Drucker + Falk Awarded Management Contract for New Mixed-Use Development in Richmond

RICHMOND, VA – DF Multifamily, a division of Drucker + Falk, has been appointed by Richmond-based Lynx Ventures to provide property management services for the residences at The Current – a vibrant, Class A mixed-use Opportunity Zone development delivering in 2020 to Richmond’s Manchester neighborhood.
The property will include 215 apartments; a 60,000 SF office building; 16,000 SF restaurant and retail space; and a 323-stall public parking garage with 25 electric vehicle charging stations. Designed to encourage interaction, The Current features a landscaped public courtyard and outdoor dining, as well as multiple shared workspaces, lounges, a dog park, and a roof terrace with exceptional Downtown and river views for residents.
Located along 4th and Hull Streets and a three-minute walk from the James River, the 215 rental residences currently under construction will span five tales above 8,000 square feet of ground-level commercial space. The floor plans, which include open-concept studio, one, and two-bedroom layouts, seek to make a modern, comfortable urban retreat with over-the-top amenities designed to check every box for future residents. The building s infinity-edge pool, dog park, entertainment kitchen, and both indoor and outdoor lounges allow residents to socialize in style.
The intention behind the development of The Current is about more than just providing apartments and new commercial and retail space. Drucker + Falk understands Lynx Venture s vision to ignite the neighborhood with jobs, culture, and a buzz of activity, said Wendy Drucker, Managing Director of Drucker + Falk. We are excited about the role we will play in making incredible living experiences and fostering a sense of community for our new residents.
A Virginia-based company since 1938, Drucker + Falk has deep roots in Richmond. This most recent management assignment will expand the Drucker + Falk management portfolio to 37,000 apartments, nearly 6,000 of which are in the Richmond area.
Drucker + Falk s decades of experience with successful property management and deep familiarity with the Richmond market made them the perfect partner for this project, said Kate Hosko, Lynx Ventures Development Manager overseeing components of The Current. We have every confidence that their management style and proven ability to provide best-in-class services and experiences for residents will help us to make the distinctive and holistic lifestyle The Current promises.
The Current s 60,000 SF of office space and 16,000 square feet of restaurant and retail space spanning the project will be managed by Highwoods Properties, headquartered in Raleigh, NC.

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