Cypress Equity Investments Hosts Grand Opening Event for Revel Apartment Community in Aurora
This post was published on 10/25/2022 on milehighcre.com
L to R: Alla Sorochinsky, CFO, Cypress Equity Investments; Michael Sorochinsky, Founder & CEO, Cypress Equity Investments; Aurora, CO Mayor Mike Coffman; Patrick Carter, SVP, PNC Bank; Richard Katzberg, CRE Loan Originations, PNC Bank; Andy Syang, Sr. Associate Asset Management, Cypress Equity Investments
Cypress Equity Investments (CEI), a national multifamily developer, hosted Aurora Mayor Mike Coffman at a Grand Opening Celebration on Thursday, October 13 for Revel, a 300-residence transit-oriented apartment community in Aurora. Located just off I-225 and within walking distance of 2nd Ave. & Abilene Station on Denver RTD’s R light rail line, the category-defining garden-style community provides easy access to I-225, Denver International Airport (DIA), and downtown Denver.
Designed by award-winning architectural firm KTGY, Revel brings a fresh and exciting look to the City Center North neighborhood. In contrast to its more traditional and suburban environment, the property conveys a modern and urban aesthetic with flat roofs, large lofty windows, projecting steel cable balconies, and a high-contrast color palette. The new luxury community consists of five 4-story residential buildings and one 2-story clubhouse spread across 8.14 acres with landscaping thoughtfully designed by Norris Design.
CEI was able to build and deliver Revel in phases due to its multi-building garden-style layout. Constructed by Colorado-based Brinkman Construction, Revel’s first phase broke ground in Q4 of 2019 and opened to residents in December of 2021. Revel is CEI’s first ground-up multifamily development in the greater Denver area, but with a recently opened Denver regional office, the firm continues to source additional acquisition, partnership, and development opportunities, noted Sorochinsky.
“Since its groundbreaking three years ago, the development of Revel and the market’s response to it has been outstanding, and the community represents a great first step in our efforts to grow our local portfolio and bring much-needed quality housing to the region,” stated Beau Breck, CEI’s senior vice president of development for the region. “Our strategy of developing near transportation corridors allows us to deliver full-service, luxury apartment homes on par with the finest in the urban core to neighboring communities at more attainable prices,” he added.
Revel, located at 291 Dearborn Way, features bright and stylish apartments ranging from studio, Jr. 1-Bed, 1-Bed, 2-Bed, and 3-Bedroom floor plans with floor-to-ceiling windows, a balcony or patio, in-unit washers and dryers, large bathtubs, stainless steel appliances, designer-inspired kitchen backsplashes, quartz countertops, USB combo outlets, and rich wood-style flooring.
With interiors and amenities designed by ESG, Revel features a two-story clubhouse and outdoor recreational spaces where residents enjoy a full suite of resort-style amenities. The clubhouse’s floor-to-ceiling windows fill the double-volume interior with natural light, highlighting the space’s natural palette of light river rock, light wood tones, and organic wall graphics. Key amenities include work-from-home suites, a 24/7 fitness center, a separate fitness-on-demand room, an inviting, high-design club room with a spacious events kitchen, a resident lounge with conference space and co-working areas, and a pet spa and dog run.
Outdoor amenities include an outdoor kitchen, a resort-style pool with sun shelf, cabanas, and hot tub, and a private pocket park with activated edges allowing residents a place for passive play and recreation. The garden-style community features a mix of private garages and ample surface and covered parking.
With offices in Aspen, Los Angeles, Boston, Chicago, Dallas, Denver, Florida, and New Jersey, CEI has completed 9,004 apartment residences to date and has more than 11,000 in the pipeline.