Lone Tree’s newest housing option, the Vue at RidgeGate apartment complex, shatters the stereotypical image of apartment living, said Mayor Jim Gunning.
“They call it an apartment complex, but I really don’t think of it that way at all,” said the mayor, who cut the ribbon for the building’s grand opening July 25. “This is an extremely upscale apartment complex and an upscale demographic. It’s more like a resort.”
“An upscale hotel is how it struck me,” said Elton Winters, who attended the grand opening. “This place is really befitting of Lone Tree.”
Vue tenants likely will have enough disposable income to frequent the Lone Tree Arts Center, Park Meadows mall and other Lone Tree businesses, Gunning believes.
“Those are really solid economic housing units for Lone Tree,” he said.
They’re also popular, with 45 percent of the nearly 300 units already occupied or reserved. The complex welcomed its first residents in June.
“We are leasing faster than company expectations,” manager David Walton said. “We should be full in under a year. We budgeted for July to be 17 percent occupied and we’re already at 26 percent.”
The demographic to date is wide-ranging.
“You name it, we got it,” Walton said. “I think that’s partly due to our variety of floor plans. This is the first time as a company we’ve put in a studio. And that will attract a different demographic we haven’t been able to attract before — people that want to live in a nice place but maybe can’t afford $1,200 or $1,300 a month.”
They’re also pulling in corporate-level executives who work in Denver but live elsewhere and need a Monday through Friday residence.
“Today’s renter is so much different than it was 20 years ago,” Walton said. “You have people that want to live in an apartment that’s just as nice as a house, but to be carefree, to have everything you need right at your fingertips.”
The Vue, at the corner of Lincoln Avenue and Park Meadows Drive, is the second upscale Lone Tree apartment complex developed by Martin Fein Interests. Its sister complex Miramont, located just around the corner from the Vue, opened in 2010.
Construction at the Vue isn’t yet complete, but company representatives already say Lone Tree’s a likely candidate for another such complex.
“We would definitely love to expand in the Lone Tree market,” Walton said. The company “loves this RidgeGate neighborhood. Our product is perfect for it.”
Highlights include a demonstration kitchen in which professional chefs will host classes for residents a few times each month, a personal trainer in the fitness room, a heated pool with a heated pool deck, eight heated poolside cabanas, a theater, a library with meeting rooms and outdoor terrace, bike rentals and a private parking garage.
The units have 10-foot-high ceilings, wood floors, travertine countertops, walk-in closets, stainless steel appliances, mosaic-style kitchen backsplashes and USB ports. Ranging in size from 517-square-foot studios to 1,396-square-foot three-bedrooms, monthly rents at the apartments start at $975 and top out at $2,300.