Apartment Trends Magazine June 2017 | Page 32

MOVING IN The Foundry 501 W. Bates Avenue, Englewood by the numbers 70 2.136 4 3 730 486 32.8 1.31 number of units acres floorplans stories average size of unit (SF) average rent ($) density (units/acre) parking (per unit) The Foundry Apartments is a 70-unit, 9% LIHTC multi- family project that is part of a 10-acre redevelopment of the former General Iron Works Foundry. The project is located within one mile of a light rail station, adjacent to a bus line, and within close walking proximity to a com- munity garden, Cushing Park, the South Platte Trail, Englewood Library and City Center, multiple grocery stores, and Porter hospital. The Contemporary design of the building showcases reclaimed, recycled masonry for 50% of the building’s façade enhanced by a large mural painted by local art- ist, Andrew Hoffman. Units feature oversized family rooms, walk-in closets, upgraded solid wood cabinetry, and ceiling fans in both the bedrooms and family room. Convenience and comfort are front and center in the choices SW Development Group made for residents. The property is integrating programs that include better access to healthcare and recreation, and a bicycle share program. Residents enjoy a large indoor community room with fireplace, lounge area, kitchen, community seating, and work area. A large community courtyard with playground, furnished patios, and covered trellis areas are found at ground level, while a large com- munity deck with unobstructed mountain views tops off the 3rd floor of the building. The property also offers a fitness center, business center, and indoor bike storage room with maintenance stations. Silva-Markham Part- ners manages the asset. www.thefoundryapartments.com 30 | TRENDS • JUNE 2017 www.aamdhq.org