The always-growing city of Aurora, Colorado may soon see construction of a new apartment community.
Grubb Properties Incorporated, which is based in Charlotte, North Carolina, has announced plans to build a 405-unit complex at the intersection of Peoria Street and East Colfax Avenue in downtown Aurora.
To be called Link Apartments Fitz, the apartment community will be built across the street from the sprawling Fitzsimons Innovation Community and within the boundaries of a designated Opportunity Zone.
Part of the Tax Cuts and Jobs Act of 2017, Opportunity Zones allow for developers and investors to take on large projects in economically troubled areas through a series of tax credits.
A segment of the new Link Apartments Fitz units will be given over for affordable housing.
Grubb Properties is a long-standing, full-service real estate company which several years ago launched its Link Apartments brand, designed to focus on mostly urban and affordable housing projects.
The brand is known for its amenitized and stylishly designed units.
Earlier this month the company announced that it was moving forward on another 224-room Link Apartments project in Winston-Salem, North Carolina.
Work on the Link Apartments Fitz is expected to begin early this summer.
By Garry Boulard
