Vukota Real Estate Acquires 346 & 360 Acoma Street in Denver, Colorado
27 June, 2017
DENVER, CO, June 27, 2017 – Vukota Real Estate, LLC (“VRE”) is pleased to announce the acquisition of 346 and 360 Acoma Streeet in Denver, Colorado. Located adjacent to Denver Health, in the Baker Historic District near the Broadway Corridor and Wash Park area, 360 Acoma is the former headquarters for Mi Casa Resource Center, a storied non-profit institution that has constructed and built a new facility in Westwood. 346 Acoma includes a smaller parcel sandwiched between the former Mi Casa facility and high profile Baker Tower. VRE plans to build a 171-unit multifamily community that will serve neighboring major employment centers such as the Speer Boulevard Media Corridor, Denver Health, Anthem Blue Cross and the Golden Triangle.
The project will offer high-quality ceiling studio, one bedroom and a small number of corner two-bedroom units with, among other things, a full complement of amenities including swimming pool, spa, rooftop deck with fire pit and grilling, landscaped courtyard outdoor space, secure and temperature controlled parking for each resident, ample storage facilities, leasing office and mail/shipping room facilities, fitness facility, yoga studio, bike parking and storage, and bike workroom and hobby shop.
The design and development program was crafted in collaboration with the highly regarded project architects, gkkworks. The end result reflects VRE’s interest in providing modern, efficient and affordable residential environments for working professionals. It also reflects our interest in working within the built and natural environment to produce a project that residents, neighborhood, City and we can and will be proud of for years to come.
The VRE project team includes numerous well known and highly regarded development professionals, including architects gkkworks, contractor MPC, Expeditor Team at the Pachner Company, and Bottega Management Firm principals that have developed similar projects in other markets, many of which were transit oriented and mixed-use. This new and exclusive multifamily development joins and enhances an extensive portfolio of affordable multifamily communities that VRE owns and operates throughout the Western U.S.
As an important adjunct to VRE’s long-standing and successful investment strategy in the redevelopment and operation of workforce housing, this targeted new development, with its close location to major employers and key infrastructure, showcases the firm’s capacities to target, create and harvest value in evolving submarkets strengthened by unique social, economic and transit infrastructure along with strong development potential.