AURORA, COLO. - (August 28, 2024)
With first move-ins expected this fall, mixed-use community poised to help meet demand for luxury residential options in the area.
A joint venture of Draper and Kramer, Incorporated, Koelbel and Company, Mile High Development and Urban Roots Development, Inc., today announced that pre-leasing has begun at Tempo Nine Mile Station, a new 255-unit multifamily property at the northeast corner of Parker Road and Peoria Street in Aurora, Colo. The building is part of the 22-acre “The Point” master-planned development, a vibrant new town center that includes walkable grocery, retail, restaurants, a future park and a planned pedestrian bridge across Parker Road providing access to Regional Transportation District (RTD)’s Nine Mile Station light rail.
“Demand is strong for high-quality housing in the Denver metro area overall, and that’s especially true in the area neighboring RTD’s Nine Mile Station thanks to the amenities and convenient transit access this location offers,” said Todd Bancroft, president and CEO of Chicago-based Draper and Kramer. “With the launch of our pre-leasing program at Tempo Nine Mile Station, we look forward to welcoming our first residents in the months ahead. We are proud to be adding to this already-thriving live-work-play district, helping it to reach its full potential.”
A five-story luxury rental property, Tempo Nine Mile Station offers one-, two- and three-bedroom units, ranging in size from 542 to 1,321 square feet. The mixed-use building also features 3,000 square feet of ground floor retail. The property is highly amenitized, featuring an outdoor pool and landscaped courtyard, community room, coworking spaces, high-speed Wi-Fi, bike-ski-kayak room, yoga studio, rooftop fitness center and party deck.
With its transit-adjacent location, Tempo Nine Mile Station caters to individuals and families working at Fitzsimons Medical Campus, Denver Technological Center, Buckley Space Force Base, Cherry Creek and downtown Denver. The property’s proximity to the 4,000-acre Cherry Creek State Park, Cherry Creek bike trail and reservoir, and Denver’s JFK Golf Course, which will all be directly accessible via the planned pedestrian bridge, will appeal to future residents seeking an active lifestyle.
“The Point offers so much to those living in the area, with options for shopping and dining and a variety of conveniences just steps from their front door along with entertainment venues, parks and other recreational opportunities,” added Bancroft. “The new property is perfectly situated for anyone desiring a lifestyle where they have an abundance of lifestyle-enhancing amenities in such easy reach.”
KTGY Architects is the project architect for Tempo Nine Mile Station and Brinkmann Constructors is the general contractor. The project was financed by a HUD 221 d4 insured loan originated by PGIM Real Estate.
Currently in its second phase, The Point is a redevelopment of the former Regatta Plaza site. To date, the project has seen the opening of a new King Soopers store and gas station, and retail including tenants such as Key Bank, Pacific Dental and an IHOP restaurant. Additionally, the city of Aurora will soon begin construction on the pedestrian bridge, connecting The Point to RTD’s Nine Mile Station, that is slated to open in 2026.
In addition to Tempo Nine Mile Station, Draper and Kramer is active in the Denver market as the owner of The Wright, a 203-unit new-construction multifamily property at 6465 S. Xanadu Way in Centennial that the firm acquired last year. Draper and Kramer’s diversified multifamily portfolio includes 20 properties across Chicago, Dallas, Denver, Phoenix and St. Louis.
For property and leasing information, visit temponinemileapts.com.
About Draper and Kramer, Incorporated
Founded in 1893, Draper and Kramer, Incorporated is a trusted financial and property services provider with a deep commitment to people, excellence, service and integrity spanning more than 130 years. Family-owned and one of the leading privately held real estate services firms in the U.S., Draper and Kramer is headquartered in Chicago with a national reach and broad offering of services. The company’s decades-long heritage has evolved over the years and today spans expertise in residential and commercial development, acquisition, property management and leasing; and debt and equity financing for commercial properties. Draper and Kramer provides a single source of real estate-related counsel to a diverse group of real estate investors across the U.S., including corporations; private and institutional owners and users of real estate; government agencies; and foundations. For more information, visit www.draperandkramer.com.
About Koelbel and Company
Founded as a residential brokerage company in 1952 and now a full-service real estate company with developed properties spanning from Vail and Winter Park to Louisville and Denver, Koelbel and Company has helped change the face of the Centennial State. Now in its third generation, the family owned Koelbel and Company continues to place its indelible mark on the Colorado landscape with developments that blend ageless values with pacesetting design. For more information visit www.koelbelco.com.
About Mile High Development
Mile High Development is a veteran of large scale mixed use projects including Colorado Center, a $100 million mixed use project at I-25/Colorado Blvd. in central Denver which launched its first phase in 1986 and completed the second and third of the ultimate six phases in 1999. Mile High Development was also the Developer of the Wellington E. Webb Municipal Office Building in downtown Denver, a $200 million, 700,000 square foot Class AA office building developed for the City and County of Denver in 2001. Mile High Development was the Co-Developer of the $100 million Co-Development Project in concert with the Denver Art Museum expansion project, which included the 980 space Cultural Center Garage; the 55-unit Museum Residences condominium/mixed use project that was completed in 2007, and the 165 room ART Hotel which opened in July 2015. For more information visit www.MileHighDevelopment.com or www.FB.com/MileHighDevelopment
About Urban Roots Development
Urban Roots Development, Inc., was founded as a flexible and innovative platform for crafting urban, mixed-use, sustainable, outside-the-box development projects. The company was built on a commitment to delivering projects that demonstrate enduring value, environmental stewardship, compelling investment returns and a high-quality of life for residents and occupants. For more information, please visit www.urbanrootsdevelopment.com.
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Editors:
For more information, contact Jeremy Barewin, [email protected], (312) 267-4533.
Media Coverage:
Tempo Nine Mile Station, a new five-story, 255-unit multifamily building at the northeast corner of Parker Road and Peoria Street in Aurora, Colo., has started pre-leasing, with first residents expected to move in this fall. The project is a joint venture of Chicago-based Draper and Kramer, Incorporated, Koelbel and Company, Mile High Development and Urban Roots Development, Inc.
