1280 Yosemite St, Denver, CO 80220

Property Description

0.75-acre development parcel positioned at the intersection of Aurora's most powerful growth drivers - this is a developer's opportunity to deliver a landmark luxury residential project without the entitlement risk and timeline uncertainty that typically accompany ground-up development. Already zoned and approved for Residential Mixed Use (OA-RMU), the site is primed for a premium multifamily or SFR attached community. With the hard work of approvals behind you, what remains is pure execution: capitalize on one of the Denver metro's most undersupplied luxury submarkets and bring a flagship build to market ahead of the competition. The project consists of a 6-story residential building above grade with one level of below-grade parking, with 53 total residential units. The typical floor plate is approximately 12,100 square feet in area, complete with a plan for the 6th floor & rooftop - containing a mix of residential penthouse spaces and occupied rooftop amenity spaces. Aurora's demand fundamentals are compelling and sustained. The area draws a steady pipeline of professionals, medical workers, military personnel, and families - a tenant profile that commands premium rents and maintains strong occupancy even through market cycles. With limited new luxury inventory entering the submarket, a well-designed project here stands to achieve outsized absorption and durable income performance.