Developer Wood Partners and REIT Clarion Partners broke ground on the 365-unit Alta Metro Center project in Aurora, one of the fastest-growing cities in Colorado, according to a Dec. 17 press release. The project is slated for delivery in the first quarter of 2028.
The development consists of a four-building, four-story community with a mix of one-, two- and three-bedroom apartment layouts to be built in the larger master-planned Metro Center. It is located within an Opportunity Zone, part of a federal program that incentivizes development in underserved areas in exchange for investor tax cuts.
Atlanta-based Wood Partners said in the release that Alta Metro Center will contribute to the area’s emphasis on art with colorful, creative installations, including two pocket parks with functional art, seating areas, play zones and fitness spaces.
The main building will include a clubhouse leasing center, a fitness center, a pool, a lounge and a gaming area with a kitchen. The other three buildings will have additional amenities, including a library and a dog-washing station. The buildings sit a few blocks from a light rail station, providing residents with direct transit access across the Denver metro area.
“Alta Metro Center reflects our continued focus on building communities that offer more than just a place to live,” said Walter Armer, managing director at Wood Partners, in the release. “The community’s walkable setting, access to transit and proximity to a mix of uses create a neighborhood feel we know residents value.”
Earlier this year, Wood Partners broke ground on Alta Flatirons, a 251-unit community located in Superior, another Denver suburb. It is also leasing two other communities in the area, including the 186-unit Alta Piney Creek in southeast Aurora and the 216-unit Alta Mile High in Denver proper.
A Clarion Partners joint venture delivered the first phase of The Gild apartment community located next to the Alta Metro Center site.
“Alta Metro Center aligns perfectly with our strategy of investing in well-planned transit-oriented environments in high-growth markets and in product that provides residents a best-in-class living experience,” Ian McKay, senior vice president at New York City-based Clarion Partners, said in the release.
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