Partnership to Develop 133-Unit Affordable Apartment Community on Denver’s W Line
DENVER — Urban Land Conservancy (ULC) has partnered with Mile High Development and Brinshore Development to develop Sheridan Station Apartments, an affordable rental housing community at Sheridan Station on the Regional Transportation District’s W Line.
Located at 5330 W. 11th Ave., the 133-unit property is currently under construction with completion slated for fall 2020. All units will be designated for households earning between 30 percent and 60 percent of area median income. Silva Markham Partners will handle the management and leasing of the property.
The project was made financially feasible through use of a 99-year renewable ground lease, which will result in the apartment complex joining ULC’s growing Community Land Trust to ensure permanent affordability.