Embrey Announces Land Acquisition Closing For Keene at The District in Centennial, Colorado
22 Sep, 2021, 07:01 ET
CENTENNIAL, Colo., Sept. 22, 2021 /PRNewswire/ -- Embrey has closed on its site purchase for Keene at The District, a 306-unit multifamily community project, its second scheduled project in the highly desirable development that offers mountain views, neighborhood walkability and easy access to jobs, shopping and entertainment.
The four-story project is a multifamily wrap-style that will help promote a pedestrian-oriented, mixed-use community within The District. Embrey purchased its property from Brue-Baukol Capital Partners, a Denver-based company that is developing The District.
"When you look at the powerful community attributes of The District and its support for today's lifestyle that residents are looking for, we are pleased to be launching our second project there," said Jimmy McCloskey, Executive Vice President of Development for Embrey. "Embrey's focus on luxury amenities and premium living matches perfectly with the concept of The District."
The site is adjacent to the RTD Dry Creek light rail station and near I-25, creating easy access to the Denver metro area.
The first units and clubhouse are expected to be available in the first quarter of 2024 with project completion later that year.
Amenities will include a clubhouse with gameroom and business center that includes micro offices and a conference room. Outdoor grilling areas, multiple fireplaces and a landscaped courtyard complement a resort-style pool. The property will feature an aqua lounge, a leading-edge fitness studio with on-demand technology, and a dog spa. A package room, rideshare lounge and structured parking garage will be available for the convenience of residents.
Interior finishes will feature 9- to 14-foot ceilings depending on unit selected. High-end kitchens will feature quartz countertops, side-by-side counter-depth refrigerators, custom cabinetry with designer pulls, stainless steel appliances, undercabinet lighting and upgraded undermount sinks. The baths will feature upgraded undermount sinks, soaking tubs, and walk-in showers in select units. Throughout, there is wood-style flooring and plush carpet, linen closets and walk-in closets with built-in shelving, and designer vanity mirrors.
About Embrey Partners
San Antonio-based Embrey Partners, LLC is a diversified real estate investment company that owns, develops, builds, acquires and manages multifamily and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed more than 44,000 apartments and over 6 million square feet of commercial property. Embrey is a leading developer in the multifamily sector, with more than 6,000 units under construction or in development. www.embreydc.com
About Brue Baukol Capital Partners
Brue Baukol Capital Partners is Colorado-based private equity real estate investment firm. Founded in 2011 by Chad Brue and Geoff Baukol, the firm has acquired and developed more than $1.1 billion in real estate assets. Investments and expertise include multifamily, office, industrial, for-sale residential, land and large mixed-use projects. For more information, please visit bruebaukol.com.
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