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Mercy Housing Begins Construction on KTGY-designed Bluff Lake Apartment Homes in Denver |
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Construction has begun on Bluff Lake Apartment Homes, a new $11.5 million high-quality, eco-friendly residential community in Denver for 92 families earning between 30% - 50% of AMI, slated to open by spring 2012. |
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\25 Press Releases\
November 24, 2011 - Award-winning KTGY Group, Inc., Architecture + Planning, is pleased to announce the construction of Bluff Lake Apartment Homes, a new high-quality, eco-friendly residential community for 92 families earning between 30 percent and 50 percent of the area median income. This $11.5 million affordable housing community is the result of extensive collaboration with leading national affordable housing developer Mercy Housing, the City of Denver, and architecture and planning firm KTGY Group in Denver. Bluff Lake Apartment Homes is slated to be completed by spring 2012.
Designed by KTGY Group, Mercy Housing's Bluff Lake Apartment Homes will offer 92 thoughtfully-planned apartment homes ranging in size from 615 square feet to 1209 square feet and include 36 one, 46 two- and 10 three-bedroom homes. The four-story apartment community is located on 2.33 acres, northeast of the planned Eastbridge Town Center in Forest City's master-planned community of Stapleton at the intersection of E. 31st Avenue Street and Hanover Street. Fifty percent of the apartments at Bluff Lake Apartment Homes will be dedicated to assisting families in transition as part of the Denver's Road Home initiative to end homelessness. Rent is expected to range from $250 to $950 per month, based on family size and income level.
According to Denver's Road Home organization, the most commonly reported reasons for homelessness in the Denver area are loss of a job (35 percent), housing costs (31 percent), and the breakup of a family (20 percent); 60 percent of the homeless in Denver are people in families with children. Mercy Housing and KTGY intend to counter these statistics by providing a stable, service-enriched home for residents of Bluff Lake Apartment Homes.
"Mercy Housing is committed to developing affordable, program-enriched housing for low-income families, seniors and people with special needs who lack the economic resources to access quality, safe housing opportunities," said Jennifer Erixon, Senior Vice President of Real Estate Development and Asset Management. "Mercy Housing offers a free supportive onsite resident services program recognizing that shelter alone is not sufficient for residents' success and well-being."
Bluff Lake Apartment Homes will feature a spacious community room for larger resident meetings and after-school programming and daycare services, a computer lab, a fully-equipped kitchen, smaller group meeting spaces, landscaped courtyard areas, a 3,000-square-foot playground, and convenien...
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