Pre-Leasing Starting Soon for Parker Flats at Old Town
August 25, 2016
KLINGBEIL CAPITAL MANAGEMENT ANNOUNCES
GROUNDBREAKING OF APARTMENT DEVELOPMENT
Parker, CO (April 21, 2015) – Klingbeil Capital Management, a Columbus, Ohio based multifamily development and management company, is pleased to announce the groundbreaking of Parker Flats at Old Town, a modernly efficient, luxury apartment community, located at 11020 S. Pikes Peak Drive. The 2.53 acre development is situated directly south of historic Mainstreet, along the Sulphur Gulch Trail in the heart of the Town of Parker.
Parker Flats at Old Town will include seven multifamily residential buildings, consisting of 146 sleek, contemporary oneand two- bedroom apartment homes designed with high-end interior finishes. The floor plan layouts will feature welldesigned, functional living spaces. Each energy-efficient flat will include a walk-in closet, washer and dryer, wood plank flooring, granite countertops and custom tile backsplashes. The expansive clubhouse and leasing office will include a state-of-the-art fitness center and an innovative outdoor all-season “socialspace” designed to take advantage of the views overlooking Sulphur Gulch. The “socialspace” will focus on community interaction; with access to complimentary WiFi, outdoor grilling, group assembly areas, year round fire pit and electronics charging stations. For the outdoor enthusiast, the community will offer sports lockers to store bicycles, skis, golf clubs and other personal items.
The building exteriors were developed to seamlessly integrate into the neighborhood, bringing with them Victorian inspired archways, balconies, railings and oversized windows; designed to celebrate the surrounding architecture reflected along Pikes Peak Drive and Pikes Peak Avenue in Parker. “We are proud to be a part of The Town of Parker’s strategic revitalization of historic Mainstreet. Our residents will not only contribute to the revitalization, but will also enjoy the quality of life offered by Parker,” said Mark Mullen, vice president of development for Klingbeil Capital Management.
Parker Flats at Old Town is within easy walking distance to shopping, entertainment and dining along Mainstreet and the surrounding area. The community’s location is a very short walk to the Town of Parker’s Arts, Culture and Events (PACE) Center, the new Parker Library and Park Plaza, and the Regional Transit Line (RTD) bus station, which services commuters to the Denver Metro area. Located just 25 miles southeast of Denver’s city center, the Town of Parker sits at the junction of Highways 83 and 470, which provides direct access to the Denver Metro area. “The Town is very excited about this unique development,” said Mayor Mike Waid. “Adding housing density to downtown Parker will help support the local economy, as well as the many events and activities that take place in Old Town.”
Grading and infrastructure work began earlier this month, with the project site work estimated to be complete in early June. The first apartment homes at Parker Flats at Old Town are scheduled to be ready for occupancy in April of 2016.
Klingbeil Capital Management Ltd. (KCM) is a multi-faceted national real estate company with holdings throughout the United States. KCM offers a full range of real estate investment, development and management expertise, adhering to a family business ethos prizing integrity, straight-forwardness and relationship-building.