Apartment, Commercial

Aspire

Type: New Construction
Role: Developer, Owner, Manager
Building Space: Apartments: 226 Market-Rate Units
Commercial Space: 34,500 SF of retail commercial space for lease on the first floor, including 12,500 SF for a market hall concept.
Project Value: $85 Million
Financing: First Mortgage (Bank OZK), Preferred Equity, City of Westminster Subsidy
Location: Westminster, CO
February 2021
Year Completed
435,564
sqft

Overview

Aspire is a mixed-use development located in Westminster, Colorado. Westminster is a city located in between Denver and Boulder on Highway 36 (the Denver Turnpike). Aspire is a five-story development with 226 residential units, 363 controlled-access underground parking stalls, and 34,500 SF of retail commercial space for lease on the first floor, including ~12,500 SF for a market hall concept. The site is located in an area of the City of Westminster that is being rebranded as “downtown” Westminster.

Neighborhood

The City of Westminster has a unique character garnering a strong sense of pride and community from its residents. The City has a strong marketing and communications campaign capitalizing on the sense of pride and elevating the profile within the suburban landscape of Denver. The new downtown Westminster development communications narrows in on sustainability, advantageous accessibility to DT Denver (11 miles) and Boulder (17 miles), and a walkable neighborhood that will be built block by block with an urban vision of dynamic cultural uses and mixed-use development.