On Wednesday, Zocalo will break ground on some new apartments.
"The project is a high-rise. What's notable is that these 219 apartments represent the first apartment development in Union Station in a long time coming. We're really excited about being at ground zero, 50-yard-line real estate for this residential project," David Zucker, a principal at Zocalo, said.
The project is a significant public investment of well over $1 billion in total.
"It was a tough one to get done for the city, for development teams and RTD. Success though is that private money is following the public money. So our LEED certified project of 219 units is really a perfect place for an auto-independent residential project right in the heart of things, making use of all that infastructure," Zucker said.
This is Zocalo's fourth LEED certified project.
"We seem to be able to get a premium for rent, we retain our tenants better. It's also better for the environment which is important to us," Zucker said.
The high-rise should be ready for tenants in the early winter of 2013. Rent will range from $1,300 up to $2,300.
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