Elevate @ Pena Station

Type

$45 million

Location

Denver, Colorado

Units/Size

218 units.
190,000 NRSF

Timeline

2017 groundbreaking

Results

Under construction

Elevate @ Pena Station is a first-of-its-kind workforce housing community and is located within the Pena Station NEXT mixed-use development, and sits just two blocks from the Pena Station rail station, the last stop before Denver International Airport – home to over 30,000 employees.  This “attainable luxury” project was specifically designed to target renters who are over-income-qualified for traditional affordable housing but cannot afford higher-density, infill rental communities.  While 25% of its units are reserved for those making less than 80% of Area Median Income, Elevate @ Pena Station has all the amenities and high-level finishes offered by Class A multifamily projects in central Denver.   The project reached stabilization less than eight months after its first unit was delivered.