The grand opening event is scheduled for 9 a.m. August 21, 2013 at 2791 W. 52nd Ave. #1-103 Denver, CO 80221. Doug Smith, Denver Director of Housing. Urban Ventures president Susan Powers; and Chuck Perry and Jonathan F P Rose, principals of Perry Rose, will be in attendance.
The project is an intergenerational community consisting of families, single-person households, young couples just starting their careers, college students, and empty nesters who want to live in a neighborhood that reflects sustainable values and creates a strong sense of community.
Aria Denver’s developers plan to create a commercial corner at 52nd and Federal, which will include a wellness center, fresh food store, coffee shop, green dry cleaner and restaurants. The project’s location across the street from Regis University provides opportunities for continuing education. The neighborhood will eventually include co-housing and pocket neighborhoods, reflecting the developers’ commitment to building an intentional community where people and families can interact and share a healthy, fulfilling life style. All units were leased within a month of the Aria Denver opening in July 2013.
“The fact that the Aria Apartments were filled in less than a month shows the incredible need for affordable housing in Denver, said Doug Smith, Denver Director of Housing and Neighborhood Services. “The City hopes to be able to continue to finance mixed-income developments like Aria Apartments and the Aria Townhomes to create and enhance strong vibrant neighborhoods in Denver.”
A portion of the 17.5-acre site has been set aside for community gardens, providing residents and commercial tenants an opportunity to grow much of their own produce. A garden already in place produces fresh vegetables for sale at nominal cost, with the remainder donated to Warren Village and area food banks. The developers expressed their gratitude for the support of Mayor Hancock, the Denver City Council and DURA in implementing the garden project.
The Aria Denver apartments have been designed to achieve a LEED for Homes, Gold Rating, and meet Enterprise Green Communities Standards. In addition, the apartments include a 65 KW solar array to further reduce energy costs. The solar project will produce 91,000 KW of renewable energy each year, the equivalent of CO2 emissions produced annually by 10 average homes.
Dakar Gibbs of Bank of America (B of A), which financed the Aria Apartments and purchased the project’s low income housing tax credits, commented, “It has been a pleasure to work with Perry Rose on this project. The Apartments were built on time and on budget. Perry Rose handled all elements of the project in a highly efficient and professional manner. B of A appreciates working with experienced developers to create much needed Affordable and Workforce Housing for Denver.“
“Aria Denver is distinguished by its diversity of housing choices and its commitment to the principles of healthy living,” said Susan Powers, president of Urban Ventures. “Aria Denver is sure to become a vibrant community and retail magnet for Northwest Denver.”
Jonathan F P Rose, Perry Rose principal, described the Aria Apartments as the next generation of green affordable housing serving families earning 30% to 60% of Denver’s Annual Median Income. “There is a strong demand for affordable housing in Denver, where more people from all income and age groups are choosing to live in well-located, environmentally responsible communities. Aria Denver is proud to be one of the first of many such projects in our city.”
About Urban Ventures, LLC
Urban Ventures, LLC is a Denver-based real estate development company whose mission is to create socially and environmentally responsible communities. Susan Powers and four partners formed Urban Ventures in 1998. Over the past 15 years, Urban Ventures has developed five award-winning residential and mixed-use developments in a variety of neighborhoods close to downtown Denver.
About Perry Rose, LLC
Perry Rose, LLC is the Denver Office of Jonathan Rose Companies,an award-winning green real estate firm providing investment, development and planning services. Its mission is to strengthen the fabric of communities. The firm works with cities, not-for-profit organizations and private clients to develop creative solutions to real estate challenges.