Construction starts on new apartments for baby boomers

“There is a tremendous demand for more senior housing as our population ages,” said Robert May, managing partner with Avenida Partners.

A new 230-unit service-enriched rental community for active adults age 55 and older. (Courtesy of KTGY Architecture + Planning)
A new 230-unit service-enriched rental community for active adults age 55 and older. (Courtesy of KTGY Architecture + Planning)
A new 230-unit service-enriched rental community for active adults age 55 and older. (Courtesy of KTGY Architecture + Planning)

Construction is underway in Lakewood on a rental community for adults 55 and older, KTGY Architecture + Planning announced Tuesday.

The architecture and planning firm said the 230-unit Avenida Lakewood is expected to open in spring 2019 near West Colfax Avenue and Owens Street. The apartments are the latest development project announced near the recently-constructed W Light Rail Oak Station.

“There is a tremendous demand for more senior housing as our population ages,” said Robert May, managing partner with Avenida Partners.

The real estate company out of Newport Beach, California is planning to build a mix of 92 one-bedroom apartments and 138 two-bedroom apartments. The units range in size from 793 square feet to 1,238 square feet.

It’s unclear how much living in Avenida Lakewood would cost. None of the units are expected to to be income restricted.

May said in a statement, “by allowing Avenida Lakewood residents to choose which amenities and services they pay for rather than paying for what they don’t use, seniors can make their money go much further.”

Amenities offered include a central courtyard with a heated saltwater pool, spa and outdoor dining. The interior offers residents access to yoga and fitness rooms, a beauty salon, lounge, TV room and movie theater, arts and crafts room.

There’s also a bistro/dining hall, living room, business center and conference area. And an “elegant great room”, pub and game room, dog park, outdoor patio and barbecue grills, garden plots, shuffleboard area and walking trails.

“Residents of Avenida Lakewood will enjoy resort-style amenities and beautiful, modern apartment homes without the responsibility of ownership. The goal is to make the residents’ lifestyle as luxurious and effortless as possible, so they can enjoy every day to the fullest,” May said.

Business & data reporter Adrian D. Garcia can be reached via email at agarcia@denverite.com or twitter.com/adriandgarcia.

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Adrian D. Garcia

Author: Adrian D. Garcia

Adrian D. Garcia is on business and trends for Denverite, serves as treasurer for the Colorado chapter of the Society of Professional Journalists and on the board of the Denver Press Club. He can be reached at agarcia@denverite.com.