Transit-oriented project anticipated for completion towards the end of 2025
Legacy Partners, a privately held national real estate firm, together with their joint venture partner Griffin Capital Company, LLC, a leading private real estate investment manager, today announced the groundbreaking for Legacy Metro 525, a 380-residence,transit-oriented apartment community coming to Aurora, Colorado.
Anticipated for completion towards the end of 2025, Legacy Metro 525 is the latest community Legacy has built and managed in the Denver Metropolitan Area. Adding more than 1,600 homes to the market in the past five years, Legacy’s developments also include TriVista on Speer in Denver, Legacy on the Promenade in Westminster, Legacy at Fitz in Aurora, and Araceli, which recently broke ground near Denver’s Tech Center in September 2022.
“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,” said Lane Cutter, senior managing director at Legacy Partners. “As an added community benefit, we will be engaging with Denver’s noted exterior art consulates 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 and Griffin Capital closed on the construction financing with a loan from Poppy Bank of Santa Rosa, California. The site, located at 525 S. Dawson St. in southern Aurora, was purchased in September 2022. Cushman & Wakefield’s team of Wade Fletcher, Jim Capecelatro, and Mike Kboudi brokered the transaction.
Planned as a mid-rise, transit-oriented community, Legacy Metro 525 will be adjacent to the Sable light rail station and near I-225 and Highway 83, just minutes from Anschutz Medical Campus and Fitzsimons Army Medical Center, as well as major employers such as AIMCO, Microsoft, Zoom Video Communications, and Progressive Insurance. Numerous outdoor recreation destinations, including Cherry Creek State Park and Meadow Hills Golf Course, are nearby.
Legacy Metro 525’s mix of 380 studios and one-, two-, and three-bedroom apartment homes will have an average unit size of 846 square feet. The community will offer extensive amenities including a sky lounge and sky deck with unobstructed views of downtown Denver and the Front Range; large clubroom with catering kitchen, pool table, seating, and dining areas; fitness center; pool and spa; bike and resident storage rooms; dog wash and park; two courtyards with a community garden; and electric car charging stations. Additional features include bulk internet that provides private property wide Wi-Fi coverage and a co-working area with two private conference rooms.
KTGY is the architect for Legacy Metro 525. The development team also 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).
“Legacy Metro 525 represents our sixth collaboration with Legacy Partners,” said 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.”
About Legacy Partners
Legacy Partners (Legacy), a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay Area, owns, develops, and manages multifamily communities throughout the United States. Legacy has regional offices in Northern and Southern California, Colorado, Florida, Texas, and Washington, and has developed or acquired more than 78,000 apartment homes primarily in Arizona, California, Colorado, Florida, Nevada, Oregon, Texas, and Washington. Since inception, Legacy has worked with some of the world’s largest financial institutions, life insurance companies, and real estate companies, consistently delivering exceptional results. Legacy provides management services for its own portfolio, as well as third-party clients. Combined, Legacy manages a portfolio of over 50 multifamily communities with more than 12,000 apartment homes, and with a gross value in excess of $3 billion. For further information, please visit www.legacypartners.com.
About Griffin Capital Company
Griffin Capital Company is a leading full-service real estate investment and management company that for nearly three decades has established a reputation for leadership and innovation led by a team of cycle-tested professionals with expertise in acquisitions, investment management, capital markets, financial reporting, legal, development, and construction management. Since 1995 the Firm has owned, managed, sponsored and/or co-sponsored approximately $23 billion in assets1 across a wide range of real estate sectors and investment structures. The Company’s senior executives and employees have co-invested over $300 million in various investment verticals, aligning Griffin Capital’s interest with those of its investors.
Additional information is available at: www.griffincapital.com.
About Poppy Bank
Since opening its first branch in 2005, Poppy Bank has grown to more than $5 billion in assets with branches across the San Francisco Bay Area, Roseville-Sacramento Area, and Southern California, along with loan production offices in Northern and Southern California, as well as in Utah, Texas, and South Carolina. Poppy Bank is 5-star rated by Bauer Financial, the nation’s leading independent bank and credit union rating firm and is recognized as one of the strongest financial institutions in the country. Poppy Bank has also been ranked as one of the best-performing banks in the nation by the ICBA. Poppy Bank specializes in business lending including commercial loans and lines of credit, commercial real estate, construction, and SBA/USDA loans. For more information, visit: www.poppy.bank
Founded in 1991, KTGY is a full-service architecture, branding, interiors, and planning firm specializing in residential, retail, hospitality, and mixed-use environments. Our firm and our work are guided by a continuous focus on innovation, creativity, collaboration, and a deep responsibility we feel towards enhancing communities and neighborhoods. Our architects, designers, and planners combine big picture opportunities, leading-edge sustainable practices, and impeccable design standards to create memorable destinations of enduring value. For more information visit www.ktgy.com