Novus Apartments in Lone Tree Celebrate Topping Out

(Lone Tree, Colo.) – March 9, 2022 – The RidgeGate community in Lone Tree, Colorado, announced today that construction has topped out at Novus, a new 240-unit apartment complex situated on the last parcel of land at the Sky Ridge Station transit-oriented development (TOD) site. The seven-story apartment complex, which includes two levels of parking and an integrated retail space, is adjacent to several large employers in the area including the Sky Ridge Medical Center, Charles Schwab and Kiewit’s regional headquarters. Construction is scheduled to be complete in Q4 2022.

“These apartments are an ideal addition to Sky Ridge Station and help fill the need for higher density, urban style apartments at an attainable price,” said Keith Simon, Executive Vice President and Director of Development for Coventry Development Corporation®, the master developer for RidgeGate. “This comes at a perfect time for RidgeGate as the West side is nearly built out, and we are continuing to see many new residents come to the area thanks to the numerous employers here as well as the overall connectivity and walkability of the community.”

The project features a modern, podium style design and will offer units ranging in size from 544 square feet to 1,121 square feet. The units will be a mix of one-bedroom and two-bedroom apartments with market-leading finishes including stainless steel appliances, quartz countertops, walk in closets, and private balconies. The goal is to provide high quality housing with direct adjacency to some of the community’s largest employers and multi-modal transit options.

Novus is being built by a joint venture featuring Regency Partners (as the general partner) and RidgeGate Investments Inc., using the Prescient all steel building technology that is highly precise, streamlined and creates less waste. It will feature a wide variety of modern amenities including a pool with viewing deck, outdoor kitchen and fireplace, a large dog park, creative co-working spaces, leading fitness center and yoga studio, rooftop deck with mountain views, community recycling program including designated recycling chutes, Luxor package delivery systems with cold storage, securitized entry controls, and 1,500 square feet of ground floor retail and gathering spaces. Further, the project will have a market-leading managed Wi-Fi system on-site that will provide ease of use and immediate high speed access for residents and guests.  The managed Wi-Fi system will also allow for innovative IoT features that will enhance the resident experience and overall security of the building.

“We are excited to announce the topping out of Novus and look forward to welcoming residents later this year,” said Jim Francescon, Managing Director of Regency Partners. “The overall design, amenity package, and technology offering is market-leading and we are confident that it will create a new standard in the sub-market.”

About Regency Partners

Regency Partners is a Colorado based developer and property owner specializing in land, multi-family and commercial acquisitions and developments. Regency selects projects with a view towards ongoing and long-term ownership of the asset. Regency and its affiliated entities are committed to providing an exceptional experience for their tenants and the communities they serve with a focus on being environmentally and socially conscious.