Aurora City Council representatives, Aurora Chamber of Commerce President and CEO Kevin Hougen and project partners joined Milender White (MW), Northstar Commercial Partners and co-developer Summit Capital Venture group this morning to break ground on the construction of Parkside @ City Centre. A future transit-orientated community located at 14531 E. Alameda Avenue, Parkside will feature 216 market-rate, multifamily apartments, and 36,000 square feet of retail on 5.6 acres.
“Many years before the R Line opened, we created a vision for development near transit that would provide our residents with a new kind of urban living experience in Aurora,” said Aurora Mayor Bob LeGare. “Parkside @ City Center fulfills this vision, with comfortable living spaces, places to eat, shop and gather, and easy connectivity to the metro area. I am excited about the new retail and development concepts this project is bringing to our city.”
Located within an Aurora Urban Renewal District, Parkside’s retail will be available in early 2020. The team is currently negotiating leasing terms with several local food and beverage experts. The project has already secured an agreement with fast casual restaurant Five Guys. Interested retail partners should contact Crosbie Real Estate Group at 303.597.6500.
“It’s an exciting day for the team,” said Tim Fredregill, Development Executive for MW. “Our goal is to create a new urban center that will truly transform the area and provide residents a vibrant lifestyle just steps from home.”
The 216 apartments at Parkside will include studio, one-, two-, and three-bedroom units with class A finishes and balconies. Community amenities include a fitness center, top-floor lounge, and a large clubhouse opening to a courtyard complete with grills, pool, and hot tub. The apartment community will delivery summer 2021. Leasing for the apartments will start in spring 2021.
“We are excited about our partnership with Milender White and seeing this development come to fruition to benefit the people and community of Aurora,” said Brian Watson, Founder & CEO of Northstar Commercial Partners.”
Additionally, Milender White and Northstar are working with Public Art Services and Nine Dot Arts to implement the City of Aurora’s Art in Public Places Master Plan for the community. The development’s main piece will incorporate a unique blend of light and sound. Art murals will also be implemented around the site.
About Milender White: Milender White is an innovator in real estate development and construction, delivering outstanding projects based on proven systems and advanced technology. We are builders and developers of award-winning commercial and residential projects, providing unsurpassed service to clients. With offices in Colorado and Southern California, Milender White provides superb career opportunities and a total commitment to safety, quality and integrity. More information is available at www.milenderwhite.com.
About Northstar: Northstar specializes in buying vacant, distressed, value-add, and income generating commercial real estate assets throughout the United States, in order to help stabilize properties, and create jobs and opportunities for thousands of people. Since Brian Watson founded the company in 2000, Northstar has closed more than 138 deals, and currently has 46 retail, office, industrial/warehouse, medical, senior care, data centers, and day care facilities in 15 states under its investment, development, and management. The portfolio exceeds over $1.35 billion of market value. To learn more about Northstar Commercial Partners, please visit www.northstarcp.com.
About Summit Capital Venture Group: Summit maximizes value to all stakeholders by building strategic relationships to develop real estate that our communities covet. Since 2014 Summit has developed projects totaling $148M across various asset classes including single tenant retail, senior living, and value add multi-family, and mixed use. www.summitcvg.com.
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