Legacy Partners, with joint-venture partner Griffin Capital Co., has broken ground on Legacy Metro 525, a 380-unit apartment community in Aurora, Colorado. Slated for completion at the end of 2025, the community is the latest to be built and managed by Legacy in the Denver metro, adding more than 1,600 units to the market in the past five years.
The mid-rise, transit-oriented community will be adjacent to the Sable light-rail station and near Interstate 225 and Highway 83, just minutes from Anschutz Medical Campus and Fitzsimons Army Medical Center, as well as major employers and nearby numerous outdoor recreation destinations, including Cherry Creek State Park and Meadow Hills Golf Course.
“Legacy Metro 525 will be a market-leading multifamily project in Aurora, offering our residents large state-of-the art homes, the latest in modern amenities, and excellent access to major employers and outdoor recreation,” says Lane Cutter, senior managing director at Legacy Partners. “As an added community benefit, we will be engaging with Denver’s noted exterior art consultants NINE Dot ARTS to curate incredible art experiences, as well as with local artists to give Metro 525 a unique character befitting its excellent design.”
Legacy Metro 525 will include a mix of studios and one-, two-, and three-bedroom apartment homes with an average unit size of 846 square feet. The amenities package will offer a sky lounge and sky deck with unobstructed views of downtown Denver and the Front Range; a large clubroom with a catering kitchen, a pool table, seating, and dining areas; a fitness center; a pool and spa; bike and resident storage rooms; a dog wash and park; two courtyards with a community garden; and electric vehicle charging stations. Residents also will enjoy private property-wide Wi-Fi coverage and a co-working area with two private conference rooms.
The site was purchased in September 2022, and Legacy and Griffin Capital closed on the construction financing with a loan from Poppy Bank of Santa Rosa, California. Cushman & Wakefield’s team of Wade Fletcher, Jim Capecelatro, and Mike Kboudi brokered the transaction.
“Legacy Metro 525 represents our sixth collaboration with Legacy Partners," says Eric Kaplan, president, Griffin Capital. “Together, we have successfully developed exceptional and sought-after living experiences, and we anticipate providing yet another outstanding residential asset in the high-growth market of Aurora upon its completion.”
KTGY is the architect for Legacy Metro 525, and the development team includes Catamount Constructors (general contractor), Jordan & Skala Engineers (MEP), Studio 10 Interior Design (interiors), S. A. Miro (structural engineer), Ninyo & Moore (geotechnical), Kimley-Horn (civil engineer), Norris Design (landscape and planning), and NINE Dot ARTS (exterior art consultant).
