Developer enters Colorado market with transit-oriented development that replaces former Sports Authority headquarters parking lot in Englewood
Developer Fifield Cos. today announced the start of construction on Arden Englewood Apartments, its 302-unit, transit-oriented multifamily community at 3615 S. Jason St. in Englewood, Colo., with easy access to downtown Denver and the Denver Tech Center. Scheduled for completion in 2024, the four-story building represents the redevelopment of the former Sports Authority headquarters parking lot, which has been vacant since 2016 and was most recently used for RV storage.
“Englewood is one of the most connected communities in the Denver area and has been experiencing significant growth in terms of new jobs and new residents, yet multifamily development, especially for upscale apartments like those we are bringing with Arden Englewood, has lagged,” said Erin Spears, president of Fifield Cos. “With two RTD light rail stations providing direct service to downtown Denver and Littleton just steps from the building, and access to the Rocky Mountains just 15 minutes away, Arden Englewood will meet the demand for residences that have easy access to the greater Denver area for work and play while offering renters the comforts of an upgraded, highly amenitized home.”
Designed to fit the aesthetics of the surrounding neighborhood, the exterior of Arden Englewood features stone and metal façade accents with varying setbacks, adding architectural interest to the building. The leasing office, lobby, fitness center and a patio activate connections at street level, and a circle drive entry allows for off-street access to the garage to mitigate the impact on traffic. Parking for 440 vehicles is situated at the center of the building and concealed by the units, obscuring the garage from the street.
The four-story building will offer studio, one-, two- and three-bedroom apartments, ranging from 570 to 1,550 square feet and featuring finishes such as quartz countertops, soft-close cabinetry and stainless steel appliances in the open-plan kitchens; spa baths; custom closet organizers; and in-unit laundry. Nearly all apartments will include balconies.
Taking inspiration from the area’s proximity to the mountains and rising appeal of indoor-outdoor connections among renters, amenities at Arden Englewood will include a rooftop lounge and deck with views of the Rocky Mountains, resort-style pool featuring a “baja shelf” with lounge chairs, hot tub with year-round access, yoga garden and a party room “pagoda” that faces the pool. Indoor amenities include a business center and coworking space with an outdoor patio, as well as a state-of-the-art fitness center. Adjacent to the Movement Englewood climbing gym, Arden Englewood also enhances the outdoor lifestyle with direct access to the planned Rail Trail bike path.
“Though this will be the most highly amenitized building in Englewood upon completion, it will still offer residents an opportunity to rent at rates that are much more attainable than what is available at comparable properties in the city of Denver,” said Joe Pitsor, vice president at Fifield Cos. “Given Arden Englewood’s convenient location and exceptional value, we anticipate strong interest from a wide range of prospective residents, including those who may not have considered this area in the past.”
Designed by KTGY, with interiors by Studio 10, Arden Englewood is being constructed by W.E. O’Neil. CIBC is providing the construction loan.
As part of the development, Fifield Cos. is contributing to the planned rail trail that will run along the west side of the building, as well as a cyclist and pedestrian bridge that will extend over Hampden Avenue, allowing for easy access to the Englewood RTD station. Arden Englewood will generate more than $400,000 per year in annual property tax revenue, create more than 300 temporary construction jobs and approximately 10 permanent positions, and fill a housing need for over 400 future residents.
“Fifield is known for incorporating community amenities into our developments, from pocket parks to public art,” said Pitsor. “For our first development in the Denver area, it’s fitting that we are able to be part of a recreational improvement that will support active lifestyles for not only our residents, but also our neighbors.”
About Fifield Cos.:
Fifield Cos. is one of the nation’s premier developers of luxury mid- and high-rise rental apartments. Established in 1977, Fifield has earned a reputation for creating superb living environments in some of the country’s most renowned locations, including Chicago, Dallas, Austin, southeast Florida, Los Angeles, Las Vegas and Honolulu. Fifield has completed more than 70 projects in the United States worth more than $7 billion. For more information, visit www.fifieldco.com.
