Aurora, Colorado’s First Opportunity Zone Residential Community Opened

Colorado’s first large-scale residential development to break ground in an Aurora Opportunity Zone opened to residents last week. Phase 1 of Legacy at Fitz consists of a five-story building with 109 residences and two townhome buildings with a total of nine three-bedroom units. Developed by Legacy Partners and Griffin Capital Company, the community is located just minutes from Denver International Airport and a half-mile from an RTD light rail station.

“We are very pleased with the Legacy at Fitz project, one of four multifamily developments where we have joined forces with Legacy Partners, one of the country’s leading apartment companies,” said Eric Kaplan, President of Griffin Capital Private Equity. “Located within a designated Qualified Opportunity Zone, and across the street from the largest medical complex in the Rocky Mountain region, Legacy at Fitz is one of nine new apartment communities in our inaugural QOZ fund. All of these projects will provide much-needed housing and stimulate economic development while enabling our investors to take advantage of potential significant tax benefits.”

Source: OpportunityDb