Investment Summary
Site: 2.48 acre site at 2351, 2361, 2481 Dayton Street & 2350 Dallas Street, Aurora, CO
StoryBuilt is pleased to present its Dayton project, a mixed-use multifamily community near Denver’s highly desirable Central Park neighborhood. StoryBuilt controls a 2.48-acre land assemblage adjacent to Denver’s Central Park neighborhood and across the street from the popular Stanley Marketplace. StoryBuilt is seeking up to $10,300,000 of limited partner equity to fund acquisition and pre-development activities through construction start. Investors will receive a 12-14% annualized preferred return, based on an anticipated 18–24 month duration period.
StoryBuilt intends to create an iconic, mixed-use project that offers a unique urban living experience adjacent to Stanley Marketplace and Central Park. It will appeal to several resident profiles in this high-income area and provide new construction housing in a supply constrained submarket. StoryBuilt is planning on 425 residential units plus 11,680 SF of retail at grade and a 3-level parking structure providing 720 parking spaces. Existing zoning promotes an urban, mixed-use environment that contains entertainment, commercial, office and residential uses. The district supports attractive architectural design and higher density, vertical development that takes advantage of the significant mountain views.
Market Highlights
Central Park is the 5th best-selling master-planned community in the U.S. for the decade 2010-2019 and is nearing completion of 9,000 single family homes and 5,000 apartments. The community boasts over 62 miles of trails, 1,100 acres of open space, numerous new schools and several public pools and recreation centers. Regular community events include Farmers Market, Movies Under the Starts, Summer Jazz Series, Theater on the Green, and more.
The project site is also conveniently located nearby several transit hubs. The Central Park Station Park and Ride is 1.5 miles away, providing direct access via commuter rail to Denver International Airport and to downtown Denver’s Union Station. The Park & Ride at 13th Ave (3.0 miles) offers convenient light rail access to the Denver Tech Center.
The location provides easy access to major employment centers: Fitzsimons Anschutz medical campus is less than 2 miles east; Interstate 70 to Denver International Airport and Downtown in 20 minutes; I-225 to the Denver Tech Center and Cherry Creek in 20 min. Residents will also enjoy nearby amenities such as Denver’s City Park which includes renowned museums and a zoo only 4.5 miles west.