First residents move in to $88M Union Station tower

The first few renters have moved into a new apartment development near Union Station. Photos by Burl Rolett.

The first few renters have moved into a new apartment development near Union Station. Photos by Burl Rolett.

The first tenants are pulling into a new Union Station apartment high-rise.

Platform at Union Station, an $88.5 million, 21-story tower developed by Holland Partner Group, welcomed its first tenants this month. Renters are living in 10 of the 287 units and have signed leases on about 30 more.

Holland’s Adam Fenton said he’s seen a wide range of tenants so far but that about 35 percent are younger professionals in their 30s.

“We have a few college students living there – they’re going to Auraria and their parents are co-signing on their leases – all the way up to a few retired executives,” Fenton said. “But really where we’re seeing the bulk of the traffic is in the mid-30 range.”

Holland Partner Group got its certificate of occupancy covering the first 12 floors in late February. The next five stories will be ready in April, and the top four floors will come online at the end of May, Fenton said.

Platform’s 287 units are about 6 percent studio, 20 percent two-bedroom and 74 percent one-bedroom apartments. Studios run about 500 square feet and rent at nearly $1,400. The one-bedrooms average 740 square feet and $2,040 per month. Platform’s two-bedroom units are about 1,240 square feet and rent out for just shy of $3,200 per month.Platform Union Station ftd

Leasing has been strong across all unit types, Fenton said. There’s only one studio left, and one-bedrooms have been especially popular since the building’s apartments became available.

“The two-bedrooms were what we preleased the most of before we opened the building,” Fenton said. “That clientele tends to plan further ahead, where the one-beds are typically younger folks who don’t plan quite as much ahead and operate in a one- or two-month time frame.”

Platform at Union Station features 6,500 square feet of ground-floor retail space that has yet to be filled. Fenton said he hopes to lease that space to a single restaurant but would consider dividing it between a pair of tenants.

The building also has a 14th-floor club room, conference room and pool deck. Platform’s fitness room is one floor higher on the 15th story.

Holland Partner Group began construction on Platform at Union Station in 2013. Shears Adkins Rockmore is the building’s architect and Holland’s in-house construction arm is the general contractor. Texas-based Invesco pumped equity into the project, and Key Bank financed it.

As construction at Platform comes to a close, Holland Partner Group is looking across Wewatta Street for its next downtown project. The company recently broke ground on 17W, a 640-unit apartment project cover an entire city block and will be anchored by a new Whole Foods grocery store.

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