Legacy Partners and Pacific Life, a provider of equity and debt capital to the real estate market, have announced the close of Araceli DTC, a to-be-developed 236-unit class A, NGBS Green Certified Gold high-rise apartment project in Denver.
The Araceli DTC site, located at 4552 South Ulster, spans 1.38 acres. Set for a completion in 2024, the community will consist of 13 stories with 10 residential levels of light-gauge steel structure above a three-level concrete garage podium. The project will feature units with panoramic views and an average unit size of 896 square feet, in addition to an expansive pool amenity deck on the fourth level. Additional features will include a protected Uber/Lyft pickup and drop-off area and electric car charging stations.
Located directly off Interstate 225, the property is adjacent to Cherry Creek State Park and is near major employers including AIMCO, Microsoft, Zoom Video Communications and Progressive Insurance.
