A new multifamily apartment building in Denver’s Highlands neighborhood will soon welcome its first residents in the coming weeks after three years of construction.
Trailbreak Partners, a Denver-based commercial real estate investment and development firm, has completed the Ridian Apartments, a 123-unit residential property.
“The completion of Ridian is the perfect example of what we aim to do at Trailbreak — deliver exceptional assets in places people really want to live,” said Doug Elenowitz, Co-Founder and Principal at Trailbreak Partners.
Elenowitz said the development fills a “significant” need for rental housing in the metro area and the Highlands neighborhood.
Construction began in mid-2022 on the three-story, 140,000-square-foot building, which will offer a variety of studio, one- and two-bedroom apartments averaging 670 square feet.
The units will feature custom flooring and cabinetry, stainless steel appliances, quartz countertops, walk-in closets, in-unit laundry, oversized windows and private balconies in select residences.
The property, 3295 N. Eliot St., will also include a rooftop deck, a vaulted lobby with 15-foot ceilings, a central courtyard with a grilling station, a resort-style plunge pool and hot tub, a 2,500-square-foot fitness center, co-working and meeting spaces and a parking garage.
The Ridian site was formerly home to Habitat for Humanity of Metro Denver’s headquarters, which relocated in 2022 because of the organization’s office needs and maintenance problems.
At the time of sale, 10% of the multifamily building’s units were designated as affordable, reserved for residents earning up to 80% of the area’s median income, according to a news release of the property.
The property was designed by STUDIO Architecture and constructed by ARCO/Murray. Kairoi Residential will manage the property going forward.
Trailbreak Partners has completed or is underway on more than $1 billion in real estate projects across Colorado. Most recently, the Denver firm began construction on an 18-story project in the Capitol Hill neighborhood that will include 295 units, 19 of which are designated as affordable.
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