Leases for the 61-unit
Cruise apartment building near City Park are now available.
The Nichols Partnership invested $8 million in the eco-friendly property that's expected be finished in early 2013.
Each resident signing a one-year lease gets an Electra cruiser bike and a membership to
Bike Denver, a non-profit bicycle advocacy organization that promotes and encourages bicycling as an energy efficient, non-polluting, healthy and enjoyable transportation alternative.
“We’re big fans of the urban experience and we think the cruiser bikes are a part of that,” says Dan Schuetz, project manager for Nichols.
The average unit size is 550 square feet, with lease rates ranging from $900 a month for a studio apartment to $1,700 a month for a two-bedroom unit. With the exception of the studios, each unit comes equipped with a washer and dryer.
Boutique Apartments will manage the property.
“Our goal is to provide a modern, high-quality, Class A apartment building at a lower cost per unit,” Schuetz says.
The first level of the building will have a pool table, wet bar and mini kitchen. The pet-friendly building also features a dog park. Cruise also has a fitness center and bike, snowboard- and ski-maintenance area, where vending machines will dispense gear such as tubes and gels.
Nichols has invested about $8 million to purchase and renovate the building at 1899 Gaylord St. Built in 1969, the building has been an assisted living facility and office space, but has been vacant for a number of years.
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