Trailblazing: Echo Ridge, Denver, CO
“Thoughtful and Balanced Living”
In June 1959, 15,000 people came to view five model homes ten miles north of downtown Denver in a new community called “North Glen”. The property was Colorado’s largest master-planned community and prices ranged from $12,000 to $30,000. The project was dubbed “the most perfectly planned community in America” by Life magazine. Today, 40,000 people call the City of Northglenn home and the median home price is $505,000.
Last winter, our team visited Echo Ridge, a 168-unit apartment community in the heart of Northglenn. The area is thoughtfully planned with small neighborhoods, accessible schools, convenient shopping, well-located employment centers and outdoor recreation galore. Residents have access to big city amenities while living a quieter, more suburban lifestyle. Pathfinder Income Fund acquired Echo Ridge in April 2021.
Echo Ridge, built in 1999, is a low-density property on 7.8 acres which includes one- and two-bedroom apartments averaging 895 square feet – large by typical apartment standards. The apartments feature vinyl plank flooring, air conditioning, walk-in closets, in-unit washers and dryers and a private patio or balcony. Select units have fireplaces, upgraded finishes and views of the Rocky Mountains. The property offers a swimming pool, outdoor patio/grill area, fitness center, clubhouse lounge and business center.
The seller had completed $2,000,000 in capital improvements including interior apartment renovations, upgrades to common area amenities, exterior and common area painting and correction of deferred maintenance items. We are continuing interior renovations with a higher level of finishes and installing a smart home package, including keyless door locks, Nest® thermostats and smart outlets, all which can be controlled by your smartphone. Last year, we further improved the common areas with a new resident package locker system, dog park, upgraded pool furniture and an enhancement of the clubhouse with a new color scheme and décor. Our residents are enjoying the convenience of their new smart home features and their pets are loving the new dog park.
Our residents have convenient access to the City’s “Greenway Trail System” which includes 35 miles of off-street walking and biking paths that connect to other major trail systems throughout the Denver metro area. Northglenn has come a long way since the build-out of its first model homes and we’re thrilled to be a part of the City’s history and growth.
Northglenn, CO: Did you know?
Just two miles south of Echo Ridge is the Northglenn Marketplace, a public/private redevelopment project between Hutensky Capital Partners, who purchased the property in 2018, and the Northglenn Urban Renewal Authority. Their goal is to rebrand, improve and reinvigorate the center while retaining existing tenants and attracting new ones. The project features over 600,000 square feet of retail, restaurant and service tenants and a luxury 12-screen movie theater. This summer, Prost Brewing Company announced plans to bring their corporate headquarters and largest beer garden to the marketplace.
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