LMC's Malbec at Vallagio Part of Denver Tech Center Transformation

GREENWOOD VILLAGE, Colo., Dec. 19, 2017 /PRNewswire/ -- The Denver Tech Center has been perceived primarily as an employment destination for much of its four-plus decades, a place where professionals commute to in the morning and leave behind in the evening. It has been essentially regarded as a ghost town of high-rise office buildings on the weekends.

That perception is rapidly changing thanks to new apartment communities and mixed-use developments that have transformed the former office-centric locale into a live, work and play mecca. These apartment communities are a key piece to the Tech Center revolution, breaking the previous mold by offering DTC's employees the opportunity to live nearby while enjoying a quintessential Denver metro living experience infused with many of the benefits of the downtown sector.

Malbec at Vallagio, a new luxury apartment community developed by LMC, epitomizes DTC's changing landscape.  

"The Denver Tech Center no longer is a work-only place, as the bustling new restaurants and entertainment districts on either side of Interstate 25 can attest to," said Scott Johnson, division president of the mountain states and southwest for LMC. "With a growing number of people exchanging lengthy commutes for better work-life balance, the DTC's transformation from business center to well-rounded life center is cementing its place as a true rival to Downtown Denver. We're delighted to be a part of it with Malbec at Vallagio, which we believe will cater to that experience."

Designed to offer luxurious living with the convenience of nearby retail, entertainment, dining and recreational options, Malbec at Vallagio creates a comfortable living environment that most residents simply could not find even a year ago in the occupation-focused locale. 

First established in the early 1970s, the Denver Tech Center has blossomed into one of the region's most successful employment and economic trade centers. Comcast, Dow Jones & Company, EchoStar Communications, JP Morgan, Merrill Lynch, Morgan Stanley, Nissan and PepsiCo are among the businesses and corporations that have headquarters or offices in the DTC. The Greenwood Village area is now exploding with new restaurants, pubs and an active social scene.

This exciting dynamic has created a demand for quality, amenity-rich housing in the area to cater to the urban professionals that utilize the DTC on a daily basis. Situated at 10245 Taliesin Drive, Malbec at Vallagio offers residents a gated community with resort-style pool and spa, state-of-the-art fitness center with motivational wall, clubroom, digital package lockers and EV charging center. The community, which offers an interactive, high-tech leasing experience, began move-ins in 2017 and all construction activity will be complete in early 2018.

Consisting of 1- and 2-bedroom homes, many of which have additional office/den space, Malbec at Vallagio's apartment interiors are equipped with spacious and upscale features, gourmet kitchens with granite countertops, upgraded cabinetry and tile backsplashes, stainless-steel appliances including gas ranges, huge master suites with walk-in closets, washers and dryers and private patios or balconies.

"After a thorough assessment of the current apartment offerings in the DTC, we recognized that there were several groups who were underserved by the abundance of smaller floor plans in the market," Johnson said. "Many of our floor plans were deliberately designed to expand the bedrooms, closets, living rooms, kitchens and outdoor balconies as well as adding half bathrooms and dens or offices to cater to home office residents, people in transition from larger homes with larger furniture, young families interested in the Cherry Creek School District or those who enjoy entertaining in larger spaces.

"Similarly, we recognized that unreserved parking structures that are often long walks to the residents' homes and that lack the opportunity for additional storage were generally not what our demographic desired. At Malbec, we offer private garages with individual garage door openers to our residents, many of whom would rather not park their nice cars in an open parking structure."

Located about 15 miles southeast of Downtown Denver, the Greenwood Village area is home to Cherry Creek State Park and features striking views of the Rocky Mountains. In addition to the emerging shopping options in the area, Park Meadows Mall and its upscale shopping outlets are less than two miles from Malbec at Vallagio. The community also sits directly across Interstate 25 from IKEA Centennial Home Furnishings, and The Inverness Golf Club flanks the community to the east.

Those choosing to live a vehicle-free lifestyle will have access to Downtown Denver and attractions such as Sports Authority Field, Pepsi Center, Denver Center for the Performing Arts and Union Station through the RTD Light Rail System. The light rail has several stops in the DTC area including the Dry Creek station close to Malbec. Through the light rail system, residents have access to a wide range of key employment and recreation centers across the metropolitan area. 

About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. LMC has a 24,400-unit pipeline of communities ranging from operating to under development that exceeds $8.4 billion and consists of high-rise, mid-rise and garden apartments.

LMC creates extraordinary communities where people can live remarkably.

www.LiveLMC.com

Media Contact
Lindsey Bernhardt
LinnellTaylor Marketing
303-682-3941
lindsey@linnelltaylor.com 

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SOURCE LMC