Developed by Northeast Denver Housing Center (NDHC), designed by Cuningham Group and built by Palace Construction, the Moline at Stapleton Apartments will provide a home for 180 families earning up to 60 percent of Denver’s area median income distributed among one, two, and three bedroom units.
Project amenities include: multiple community spaces, a bike storage area, a children’s play area, 206 parking spaces, and easy access to transportation, shopping, and healthcare. The project is among the first completed new construction projects to receive funding from Denver’s Affordable Housing Fund.
“The development is intended to address the isolation of affordable housing and instead foster connectivity with the community through massing and scale, along with pedestrian walkways,” says Erik Okland, principal of Cuningham Group. “The groups of units create small communities within the development, nurturing strong ties between neighbors and making a more welcoming environment for residents.”
Once you step outside of the building, the landscape areas come together to create three distinct environments for the community focused on the ideas of rest, gather and play. Rest promotes rejuvenation and relaxation by connecting the fitness and yoga studio with an outdoor zen space. Gather has a focus on bringing people together around a community demo kitchen, lounge, and outdoor grill area. Play provides an interactive landscape with playground structure to encourage use by all ages.
“Projects like this have many constraints across the board and it takes a true team effort to successfully get to the finish line. The Moline at Stapleton apartments is a prime example of what an amazing team can make happen when every obstacle was presented and resolved,” stated Ryan Andrepont, Palace Construction Project Manager. “I can speak for everyone involved that we are all proud of what we were able to accomplish for the city of Denver.”
Other public finance partners include Brookfield Properties (formerly Forest City) donating the land and financial support, the Colorado Housing and Finance Authority, FirstBank, RBC Capital and the State of Colorado. Denver Economic Development & Opportunity providing $2.6 million from the housing fund in gap financing for the $36 million project.
Article published on Mile High CRE.