The subject property is a fully entitled for sale multi-family residential
project in the heart of the Tower and Peña Boulevard corridors, arguably
one of the hottest mixed-use development pockets in the Denver Metro
area. Located just between 56th and 64th Avenues, the remainder of Phase
3 and all of Phase 4 of the Wildhorse Ridge condominium community
were formerly approved for 120 stacked flat units that can be annexed
into the existing owners’ association. Alternatively, there are indications
that these phases may be kept out of the association and developed into a
less dense product-type or for a market-rate, age-restricted or affordable
rental product. Wildhorse Ridge sits at the nexus of the new Panasonic
anchored SmartCity TOD project at 61st and Peña, Green Valley Ranch and
an abundance of retail and hospitality uses, including the new Gaylord of
the Rockies just northeast along 64th Avenue.