Zocalo Community Development has topped off Cadence Union Station, bringing the first apartment project at the development significantly closer to completion.
Pre-leasing of the project at 17th and Chestnut streets is expected to begin in August and open to its first residents in December.
"We have been working on this site with our partner Principal Real Estate Investors since 2010, knowing that this was sure to be one of the nation's premier transit-oriented neighborhoods," says David Zucker, principal of Zocalo. "We anticipate strong demand for Cadence, giving the building's great location, adjacency to rail lines, luxury amenities and energy-efficient features."
Cadence will feature a rooftop pool and lounge area, rooftop health center, an indoor parking garage and a variety of community gathering areas, including a lobby-level lounge with a piano and bar.
The building will include studios, one- and two-bedroom apartments averaging just over 800 square feet and renting for an average of $1,700 a month.
Green features of the project include easy recycling and composting programs, Energy Star Appliances, high-performance water fixtures, high-efficiency lighting and low VOC paints, adhesives, sealants and carpets to improve indoor-air quality. Zocalo estimates residents will spend 50 percent less on their utility bills than they would living in a similar non-LEED certified building.
Cadence is the fourth LEED multi-family project developed by Zocalo in Denver. The company’s other high-rise apartments include 2020 Lawrence, a 231-unit development in Denver’s Ballpark neighborhood, and Solera, a 120-unit luxury project which sold for $37 million in October 2011.
Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
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