Highland Development Company Announces Groundbreaking of Iota Fox Station, 148-unit transit-oriented apartment community, in Globeville Neighborhood of Denver, Colorado
PRESS RELEASE: APRIL 15, 2022
DENVER, Colorado, April 15, 2022 – Highland Development Company (HDC), a Denver-based real estate development company, announced today the groundbreaking of its newest multifamily residential community – Iota Fox Station – in Denver’s Globeville neighborhood, a block from the 41st and Fox transit station. The 148-unit, transit-oriented, apartment community is scheduled to open in the summer of 2023. The general contractor for the project is MPC, and the architect is KTGY Architecture + Planning.
“We are thrilled to continue cultivating communities in the Greater Denver Metro Area,” said Clay Iman, Development Partner for Highland Development Company. “Iota Fox Station has provided us a tremendous opportunity to achieve community connectivity both through our building design and the inherent accessibility that Fox Station and the neighborhood’s location offer future residents. It’s only one stop into Union Station, Denver’s main transit hub in the heart of downtown. The Fox neighborhood provides for residents’ immediate access to RiNo, Highlands, and Sunnyside, among other nearby neighborhoods, on top of everything downtown Denver has to offer. In addition, this is a burgeoning location, poised for dynamic growth with the incoming lifestyle amenities and employment that the nearby World Trade Center campus and the Fox Park development bring with them.”
The general contractor, MPC, leveraged its strategic project delivery method, United Project, to engage each project stakeholder early in the design phase. Ultimately, this collaborative approach promoted greater team alignment and true transparency regarding alternative, more cost effective options in all areas. “We are excited to be breaking ground today on an innovative housing option in Denver at Iota Fox Station,” said Michael Martines, CEO of MPC. “This community gives residents the chance to live in contemporary urban luxury in Globeville, one of Denver’s most up-and-coming locations.”
Iota Fox Station will feature well-appointed amenities and best-in-class finishes. The community’s 148 apartment homes will be constructed of five stories wood frame over two levels of concrete podium. Floor plans will include studio, one-, and two-bedroom apartment homes. The building will be equipped with a storage and maintenance area for residents’ bikes, skis, and other outdoor gear.
Resident amenities will include a state-of-the-art fitness center, coworking spaces, flexible lounge spaces, and a spacious sky lounge on the 7th floor with sweeping views of downtown Denver and the Rocky Mountains.
Located at 500 West 41st Avenue, the transit-oriented community will be situated directly across the street from the 41st & Fox transit station, one station north of Denver’s Union Station, and near the 41-acre Fox Park mixed-use redevelopment, anchored by the World Trade Center campus. Iota is also centrally located near I-25, offering easy access to neighboring areas such as River North (RiNo), Sunnyside, the Highlands, Five Points, Chaffee Park, and LoDo. I-25 and Fox St., via Park Ave., also provide direct access into Denver’s Central Business District.
Nearby retail and restaurants options within quick proximity to Iota Fox Station include Huckleberry Coffee Roasters, CRUSH Pizza + Tap, Movement Rock Climbing & Fitness, Denver Market, Natural Grocers, and Bigsby’s Folly Craft Winery & Restaurant.
About Highland Development Company
HDC is a Denver-based developer of uncommon communities that bring people together to share experiences and create authentic connections. HDC aims to create homes with thoughtful details and signature character that residents are proud to call home. For more information, visit www.HighlandDevelopmentCo.com
Established in 2011, MPC is a full-service general construction and construction management firm. Over the past decade, MPC has been navigating their clients’ vision into a reality by delivering successful commercial construction projects with passion and pride. Distinguished by their strategic project delivery method, United Project, that minimizes risk, maximizes value, and provides predictable results in the multi-family, office, and healthcare market segments. MPC has offices located in the Denver, Colorado and Austin, Texas markets. For more information, visit www.mpconstruct.com
About KTGY Architecture + Planning
Founded in 1991, KTGY Architecture + Planning is a leading architecture and design firm focused on residential and mixed-use developments and neighborhood revitalization. KTGY seamlessly delivers innovation, artistry and attention to detail across multiple design studios, ensuring that clients and communities get the best the firm has to offer no matter the building type or location. KTGY’s architects and planners combine big picture opportunities, leading-edge sustainable practices and impeccable design standards to create memorable destinations of enduring value. KTGY serves clients worldwide from offices located in Chicago, Denver, Irvine, Los Angeles, Oakland, Pune (India) and Tysons. See www.ktgy.com.