| Jun 09, 2013
For a look at just how hot the home buying market is in Lone Tree right now, take a preview of the homes that AREN'T for sale - luxury apartments in lease communities close to Sky Ridge Medical Center that for two years have been lapped up like free lattes. The builder on those, Houston-based Martin Fein Interests, will give you a preview today of its newest, most lavishly appointed offering, The Vue at RidgeGate - still at some very modest prices, from $950 a month.
"I feel I'm in heaven," said David Walton, Fein's property manager at Vue at RidgeGate, who has already tracked 56 leases in what will eventually be 230 units just south of Lincoln on Park Meadows Boulevard - right where a Light Rail Station on the line's next extension will be.
"We started at the end of April and we're already 20 percent leased, though I haven't had anything to show."
That changes today, when you can not only tour furnished models (including a 2-bedroom from $1,575/month), but also the amenities - ones that will remind you more of new condo towers downtown, than of any apartments you've seen. "In these urban environments, people want to do yoga on site and to store a bike," Walton adds, pointing to a demo-kitchen where residents can learn to make a protein shake, offered by a wellness contractor at the med center. You'll see a 'black-bottom' pool lined in solar tile that Martin Fein himself envisaged during a trip to Italy; big fitness center; an elaborate theater with tiered seats and a 123-inch screen; a dog park; and a 'latte lounge' where residents can make a favorite concoction, free, if they don't have time to visit one of the nearby purveyors.
Are you really leasing that fast, when there are other apartments that are already on Light Rail, I asked? "Those properties are ten years old," said Walton, who welcomed his first move-ins this week. "People we're seeing want to change their lifestyle." At RidgeGate, they also get the master planned community, Lone Tree's state-of-the-art rec center and its 500-seat Lone Tree Arts Center; along with Lincoln Commons shopping center with Sprouts Farmers Market; and a 3.1-mile trail that leads from well-groomed parks into 1,200 acres of open space, a thousand feet above downtown Denver.
And then there's Light Rail, scheduled for three more stations within RidgeGate's 3,500-acre expanse, including the one right beside The Vue. To see those rental models today and the near-finished amenities, head west a block from I-25 on Lincoln Avenue to Park Meadows Boulevard and turn south a long block to the visitor center.
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