MOVING IN
Monaco Row
4665 S. Monaco Street, Denver
Shea Properties’ third addition to the southeast rental market has been very well
received, achieving rents significantly above pro forma and posting strong absorption. The 3-story buildings with attached, detached, and breezeway access
garages compete favorably with the nearby 4-story wrap-style product that
would be more expensive to build.
The low-profile, one-story clubhouse allows even more apartments to have
beautiful westerly mountain views while still providing the most desirable amenities with high quality finishes. View premiums reportedly range from $25 to
$200 for the very best views. Some floor plans have windows on three sides,
and all have oversized windows, bringing it abundant daylight. Residents walk
a couple of blocks to the Belleview Light Rail Station.
www.sheaapartments.com/apartments/monacorow
www.aamdhq.org
by the numbers
196
8.44
8
858
1,628
23.2
1.63
number of
units
acres
floorplans
average
size of unit
(SF)
average
rent ($)
density
(units/acre)
parking
(per unit)
OCTOBER 2014 • TRENDS | 23