Why developers say they’re investing at the last train stop before DIA

July 7, 2019

Denver Business Journal has a new article discussing why developers are turning to Peña Station NEXT. Below is an excerpt with a link to the full article.

With 35,000 people working at Denver International Airport and more job growth on the way, Mike Gerber figured it was a good opportunity to be one of the first developers to put up housing at Peña Station Next, an upcoming smart-city neighborhood popping up at the last RTD train stop before the airport.

And the market’s response has exceeded his expectations. Gerber, principal and co-founder of MGL Partners, says his firm’s first apartment development — the 218-unit Elevate at Peña Station — is nearly 40% leased since it opened in March, which is ahead of projections.

Read the full article here (may be behind a paywall).