Colorado Real Estate Journal - March 16, 2016
It’s part corporate housing, part hotel, part apartments and new to Colorado. WaterWalk Hotel Apartments, created by a team that invented hotel brands including Residence Inn and Candlewood Suites, will begin moving dirt within the coming weeks for a 146-unit property in Centennial. The two four-story buildings will offer furnished and unfurnished, apartment-size units for people needing accommodations overnight, for weeks or for months. With proximity to companies in the Denver Tech Center, the Centennial WaterWalk will cater to the corporate housing market. “We wanted to be near the Denver Tech Center, but in an area that has some good livability since people stay there for more than just a night,” said David Redfern, president of Wichita, Kansas-based WaterWalk. Located at the northeast corner of Arapahoe Road and Lima Street, across from Centennial Airport, WaterWalk will open the approximately $19 million WaterWalk a year from now and already is looking for its next location in Colorado. The concept provides guests with flexibility to stay for as little or as long as they like; leases that include all standard utilities, Internet, phone and TV; and access to weekly or monthly housekeeping services. The Centennial property will have one-, two- and three-bedroom units. “They are built like apartments, so very large in square footage,” said Redfern. Units will have walk-in closets; full kitchens with dishwashers, full-size refrigerators, even silverware; and separate bedrooms and living areas. A courtyard between the buildings will provide fire pits and barbecues. Guests also will have access to an on-site fitness facility. Law Kingdon Architecture is the architect for the WaterWalk Hotel Apartments, which will be built The Law Company Inc. The property will open in first quarter 2017.