A joint venture of Draper and Kramer Incorporated, Koelbel and Company, Mile High Development and Urban Roots Development, Inc., announced that Tempo Nine Mile, a new 255-unit multifamily development at the northeast corner of Parker Road and Peoria Street in Aurora, Colorado, has topped off.
“The significant milestone of topping off Tempo Nine Mile brings us one step closer to delivering a new option for the level of rental living that is much in demand – yet not widely available – in this dynamic area,” said Todd Bancroft, president and CEO of Chicago-based Draper and Kramer. “With walkable grocery, restaurant, retail, entertainment and recreational offerings within a short distance of the property, we’re excited to see this already-thriving district reach its full potential as a vibrant live-work-play community for individuals and families.”
Tempo Nine Mile is a five-story market-rate rental property located adjacent to the future pedestrian bridge that will connect The Point at Nine Mile to the Regional Transportation District (RTD)’s Nine Mile Station and the Cherry Creek Reservoir. Upon completion, the mixed-use building will offer one- to three-bedroom units, ranging in size from 542 to 1,321 square feet, and 3,000 square feet of ground floor retail. The property is highly amenitized, featuring an outdoor pool and landscaped courtyard, community room, bike-ski-kayak room and rooftop fitness center and party deck.
With its transit-adjacent location, Tempo Nine Mile will cater to individuals and families working at Fitzsimons Medical Campus, Denver Technological Center, Buckley Space Force Base, Cherry Creek and downtown Denver. The property’s proximity to nearby 4,000-acre Cherry Creek State Park – which is directly accessible via pedestrian bridge – will appeal to future residents seeking an active lifestyle.
The Point at Nine Mile Station is a master plan at the former site of Regatta Plaza, a 22-acre parcel in its second phase. To date, the project has seen the opening of a new King Soopers store and gas pad, and associated retail including tenants such as Key Bank, Pacific Dental and an IHOP restaurant. In late 2022, Mile High Development opened The Point Crossing, a 63-unit income restricted workforce housing project adjacent to Tempo Nine Mile. Additionally, the city of Aurora will soon begin construction on a pedestrian bridge across Parker Road connecting The Point to Nine Mile Station, which is slated to open next year.
In addition to Tempo Nine Mile, Draper and Kramer’s presence in the Denver market includes its 2023 acquisition of The Wright, a 203-unit new-construction multifamily property at 6465 S. Xanadu Way in Centennial. Draper and Kramer’s diversified multifamily portfolio includes 20 properties across Chicago, Dallas, Denver, Phoenix and St. Louis.
