A planned mixed-use district in northeast Denver is beginning to take shape, with construction now underway on Stellar at Link 56, the development’s first residential phase.
The project, led by Colorado developer Livmark Communities and national real estate firm Kensington Development Partners, will bring 214 residential units across 13 buildings, featuring two- and three-story garden-style walk-up apartments and two-story “carriage house” townhomes.
Residents will have access to a range of amenities, including a resort-style pool and hot tub, a fitness room, yoga studio, sauna, golf simulator, outdoor grilling areas, fire pits and a dog spa.
Stellar is a 15 to 20 minute walk from the 61st & Peña light rail station, and is adjacent to a future 150,799-square-foot Target store and a variety of planned retail and dining options.
Stellar marks the first residential component of the broader Link 56 master-planned community, which when completed is expected to include about 1,900 residential units, 250,000 square feet of commercial development, and 27 acres of parks and open space.
“Stellar at Link 56 represents exactly the kind of community we believe Denver needs more of — thoughtfully designed homes within walking distance of nature, transit, and everyday conveniences,” said Chris Beabout, Managing Partner at Livmark Communities.
“With 27 acres of parks, 250,000 square feet of commercial space anchored by Target, and direct access to the Rocky Mountain Arsenal and Peña Station light rail stop, this project gives residents a truly unique opportunity to live, work, and explore.”
Kensington Development, in partnership with UK-based IM Properties, acquired the 150-acre parcel of land last year at the corner of 56th Avenue and Tower Road. Construction on phase one of Link 56 was set to begin immediately, with an estimated investment of $235 million.
The development takes place as the surrounding area continues to expand employment opportunities, anchored by companies such as United Airlines, Microsoft, Panasonic, Pepsi, Amazon and Denver International Airport.
Homebuilder Landmark Homes, with more than 20 years of building over 2,000 condos and townhomes in Colorado, established Livmark Communities. Livmark develops for-rent multifamily and build-to-rent single-family attached communities throughout the Front Range.
Meanwhile, Kensington Development, founded in 2017, focuses on acquiring, developing, and redeveloping retail and mixed-use projects across the United States, according to its website. The firm has extensive experience in master-planned communities with more than 105 completed projects totaling over 10 million square feet.
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