HOW MULTIFAMILY IS CHANGING

Apartments are hot in Denver, but the landscape is changing. To find out why, we asked architectural firm KTGY director Nathan Sciarra— whose Legacy 22nd project design went into permit last week.
 
Nathan, here with daughter Savanna, tells us that units are getting smaller—from an average 850 SF to 700 SF—and developers are stressing walk-up ability, where frontage is closer to the street. He says the design changes in multifamily are being driven by cost awareness—smaller apartments are less expensive to develop—and Gen Y, who like places where they simply live and sleep, leaving the entertainment to the surrounding neighborhood. (Debauchery is best left on the sidewalk.) “This Gen Y demographic is used to a better lifestyle,” he says.
The latest projects in KTGY's pipeline include two apartment complexes in the downtown area: 175-unit Walnut Flats (pictured) at Walnut and 27th, developed by Simpson Housing; and the five-story, 212-unit Legacy 22nd at 21st and Lawrence streets, developed by Legacy Properties. For Legacy 22nd, KTGY is bringing the architecture to the forefront and the parking in the back—what we call the modern day mullet.

Continue reading this story with a free account

Log in or register
Related Topics: Nathan Sciarra , Simpson Housing
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

Mountain Developers Look To Mobile Homes, Deed Restrictions For Affordability Solutions

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Developer Seeks Permit For Denver Energy Center Conversion Project

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Lender Requests Receiver For X Denver Apartment Building Near Coors Field

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient