For more information on our upcoming investments, please reach out to Amber Schulte at Amber@gcg-re.com.
Enclave Town Center
Groundbreaking Q1 2023
Granite Capital Group plans to develop approximately 20 acres of vacant land consisting of “for rent” four-plex style homes, four-story apartments, and townhomes in Erie, CO as part of the Erie Town Center Master Plan. More information on the Erie Town Center Master Plan can be found on the City of Erie’s website. The development provides excellent walkability to Erie’s Community Center located adjacent to the property which offers a variety of amenities including a 2-story fitness area, indoor track, aquatic center, indoor gymnasium, and more. Future retail and grocers will also be within a 5-minute walking distance as Regency develops the square parcel on the corner of Erie Parkway and East County Line.
ETC’s close-in, suburban location allows commuters quick access to Boulder (12 miles to the west) and Downtown Denver (25 miles to the south) at a more affordable price than properties located in the metros. Recent trends indicate an exodus of major metropolitan areas by aging millennials in search of more affordable family-friendly communities, and Enclave Town Center is strategically positioned to meet the demand with competitive rents, great walkability, and excellent access to nearby employment hubs and school districts.
- Cash flow after stabilization approximately 10% per year
- 289 units featuring three 4-story elevator-served apartments, townhouses, and 4-plexes
- 24-month estimated construction period
- Property will wrap a 20-acre to-be-built, grocery-anchored retail town center