First 85-home community planned for Westminster
DENVER (March 2, 2021) – United Properties is bringing its highly successful and well-established Applewood Pointe senior cooperative communities to the Denver market, with the first project slated for Westminster.
First established in 2004, there are now 15 Applewood Pointe senior cooperative communities in Minnesota, with an additional four planned in 2021. Developed and managed by United Properties, the cooperatives are owned collectively by homeowners and operate independently under their own board of directors.
United Properties’ first senior cooperative living project in Colorado, Applewood Pointe of Westminster, will be on the southwest corner of 108th Avenue and Wadsworth Parkway. Located on a 10-acre site, the community will include 85 homes, average size 1,500 sq. ft. Groundbreaking is planned for summer 2022, with an anticipated late 2023 completion date.
United Properties is currently accepting priority reservations, an important first step to securing a home. Alex Hall, senior vice president, said they are seeing strong initial interest in the development, with more than 25 reservations to date — a trend they expect will continue. “We’ve been part of the commercial real estate development community in Denver for over 15 years, and given our market knowledge and passion for creating distinguished, resident-focused environments for active adults, we believe this is a great opportunity to expand our highly successful Applewood Pointe senior cooperative communities here,” Hall said.
Applewood Pointe of Westminster will feature 85 cooperative homes, all with two bedrooms, two bathrooms, a private deck or patio, and a laundry room. Some floor plans will also include a den or sunroom. These cooperative homes will offer open-concept living with large windows and plenty of storage. Homeowners will be able to select their home’s interior finishes and choose from a variety of upgrades to suit their personal tastes.
“Senior housing is a flourishing area within United Properties, and we are pleased to give Coloradans an excellent option of home ownership as well as the joy of a carefree lifestyle, without the hassle and expense of home upkeep,” said Eric Chekal, senior development manager.
A host of amenities abound in beautifully designed shared spaces, including a great room, library, club/game room, fitness center, guest suites, woodworking shop, craft room, heated underground garage with a carwash bay, and spacious outdoor living spaces with a large deck and patio, fully functional kitchen and a fire pit gathering area for outdoor dining, relaxation and socialization.
“We’ve picked a fantastic location for Applewood Pointe of Westminster, with expansive mountain views of the Front Range and easy access to a wide variety of lifestyle-enhancing amenities,” said Chekal. Located between Broomfield and Arvada, near U.S. Highway 36, Applewood Pointe of Westminster is within five miles of 1,700 acres of parks, open space and Standley Lake, in addition to shopping at FlatIron Crossing mall or Westminster Promenade, restaurants, hiking trails, dog parks and many other recreational activities. Walnut Creek Golf Preserve is a beautiful, award-winning golf course and Audubon Certified Signature Sanctuary that is only five minutes away.
Information sessions will be held Wednesday, April 7 at 10 a.m. and 1 p.m. at Walnut Creek Golf Preserve. For more information, visit www.applewoodpointe.com/westminster, call 720-898-5970 or email firstname.lastname@example.org.
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas. For more information, visit www.uproperties.com and follow on Twitter, LinkedIn and Instagram.