Denver (KDVR)-The Denver Real Estate Development and Investment Company has cleared a new housing community at reasonable prices of 50 units that serve 62 years and over.
On Wednesday, in a press statement, MGL Partners announced that the construction has started for ILIFF apartments, located in the Denver Hills University neighborhood, 4750 E. Ilif Ave.
MGL of four floors by MGL to provide one -bedroom options and bedroom for residents who earn between 30 % to 80 % of the average area of the area. The addition of the apartment site also provides the population easily access to public transport, health care, groceries, and many more.
“It is expected that the population of the elderly in Colorado will grow by 70 % over the next two decades, and the state is already facing a dangerous lack of housing for this regiment,” said Daniel Fashion Bell, MGL Partners, in the statement. “Enterprises like Ilif Apartments are essential to fill this gap, as they provide studded houses and affordable prices in sites that give older population access to transportation, health care and society, so that they can age with dignity and stability.”
MGL has developed a multiple family, a senior workforce and housing at reasonable prices. Its mission, which is said Its website on the InternetIt is the provision of “high -quality multi -familiar assembly housing for people at all levels of income here in Colorado” with already fixed developments in cities such as Denver, Bulder, Aurora, Longont.
MGL said that residents of apartments will have access to amenities including community rooms, gym, gardens, dog operation, picnic area, and free Wi -Fi throughout the building. The building “goes beyond” the requirements for access to ADA and will also have a site service coordinator to connect the population to community health services.
MGL said that the development of ILFF apartments through a mixture of financing from programs and departments from the federation, the state and the city, with the cost of developing them at about $ 25.8 million.
“The cost of the rent should not be the reason that the grandfather should stay away from their children and grandchildren,” said the mayor of Denver Johnston in the press statement. “Developments like Ilif Apartments ensures that the oldest drivers remain in the city they call home and will help us achieve our goal of Denver affordable to everyone.”
Construction is expected to take place in September 2026.