Glenwood Green Apartments nearing completion
GLENWOOD SPRINGS — Finishing touches are being put on the first large-scale housing complex in Glenwood Springs to be built in several years, and the first occupants of the 60-unit Glenwood Green Apartments are expected to move in starting Aug. 29.
Located south of Wulfsohn Road at Glenwood Meadows, Glenwood Green is an income-restricted affordable rental project that was developed using low-income housing tax credits through the Colorado Housing and Finance Authority.
Those associated with the project and representatives from the city of Glenwood Springs gathered Friday for a reception — and tours of the new apartments — which also marked the official opening of the leasing office.
Already, though, all of the units in the first building that’s slated to open are spoken for. And, the second set of apartments, set to open Sept. 16, are three-quarters leased, said Jennifer Cloud, community relations/project manager for Steele Properties, which developed the project.
“We would encourage anyone interested in renting to submit an application as soon as possible,” Cloud said.
Leasing information, including unit details, income guidelines and rents, is available online at http://www.glenwoodgreenapartments.com, or at the leasing office/clubhouse, located at 220 Flat Tops View Drive (up the hill from the east entrance into the Meadows shopping center).
To qualify for one of the one-, two- or three-bedroom units, renters can earn no more than between 40 percent and 60 percent of the area median income, depending on household size. That can range from $21,840 for an individual up to $54,240 for a family of six.
Once construction is complete on all three buildings, Glenwood Green will have 28 one-bedroom apartments, 20 two-bedroom apartments and 12 three-bedroom apartments.
Rents start at $585 per month for a one-bedroom apartment, depending on income level, and range up to $1,215 for a three-bedroom apartment.
Glenwood Meadows developer Robert Macgregor said the completion of residential units as part of the larger Meadows development has been a long time coming.
“This is a happy day, indeed, and I’m very excited to see this finally happen,” he said during the Friday reception. “And, this is better than anything I could have imagined in terms of quality.”
The apartments were designed and built with energy efficiency upgrades, and the complex includes a clubhouse with fitness equipment and on-site laundry facilities. Once completed, the site will also include a playground, park and picnic areas and other outdoor amenities.
One of the desires when the Meadows was going through its development approvals with the city was that it provide an affordable housing option for the labor force that would be needed at the stores, shops and restaurants on the commercial side of the street, Macgregor said.
“There was always a big question of how we would provide housing for the workforce,” he said. “This development is benefitting the people who are just starting on that housing ladder.”
Having a significant population base within walking distance of the commercial areas is also be an economic benefit, Macgregor said.
The larger Meadows development eventually calls for more residential units on the south side of Wulfsohn Road, including tentative plans for additional income-restricted apartments.
Cloud said the high demand for Glenwood Green was mostly a result of word-of-mouth marketing.
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