- acquisition date April 19, 2018
- April 19, 2018
- address3324 South Field Street Lakewood, CO 80227
- 3324 South Field Street Lakewood, CO 80227
- number of units201
- square footage194,335
Acquired in April 2018, The Ranch at Bear Creek is a 201-unit property located in the city of Lakewood, CO, just west of downtown Denver. Built in 1973, the community features 118 two and three-bedroom townhomes, 54 two-bedroom residences and 29 one-bedroom units. Average square footage ranges from 1,270 for the three-bedroom townhomes to 685 for the one-bedroom layouts. Adjacent to an attractive, city-maintained park, The Ranch at Bear Creek features an array of amenities including a remodeled clubhouse, newly constructed state-of-the-art fitness center, two swimming pools and a business center. Other attractions include a spin and yoga room with fitness on demand, an outdoor grilling area with new gas grills, an outdoor lounge with gas fire pit, and a recreation room.
With convenient access to both C-470 and US-285, The Ranch at Bear Creek is within a short commute of some of metro Denver’s largest employment centers, including the Denver Federal Center, which touts the highest concentration of federal agencies outside of Washington D.C. and is directly responsible for employing 6,200+ employees. Lockheed Martin’s Deer Creek facility is eight miles from the property and employs a highly-educated workforce with high-paying engineering and technology jobs in both defense and private contracting. Ten miles east of the property, the SE Business Corridor and Denver Tech Center (DTC) is home to a large concentration of high-paying jobs in the media, professional services, engineering, technology, and legal service sectors. These high-end business parks support:
• 230,000+ employees
• 20,000+ companies
• 30% of Colorado’s GDP
• 34 million square feet of office
Residents of The Ranch at Bear Creek also enjoy close proximity to such retail centers as Wadsworth & 285 Retail, with tenants like Natural Grocers, Planet Fitness, Red Robin, Chipotle, and Kohl’s; Heritage West Shopping Center with Starbucks, Walgreens, FirstBank, and Fiddlesticks Bar & Grill; and South Wadsworth Retail Corridor with Whole Foods, REI, Sam’s Club, Costco, and Sprouts. Less than 10 miles away, the Simon-owned indoor outlet mall and outdoor power center Denver West/Colorado Mills Mall features major tenants that include Forever 21, Saks OFF 5TH, Banana Republic, Target, Bed Bath & Beyond, Cost Plus World Market, and other national retailers.
Nearby recreation includes the popular 14.5-milelong paved multi-use municipal Bear Creek Trail and the picturesque Creekside Bear Creek Greenbelt & Bear Creek Lake Park that encompasses 3.5 miles of multi-use paths, picnic shelter, and activities such as fishing, hiking, and geocaching. Four golf courses are within two miles of the property, including the municipally owned and highly regarded Fox Hollow and The Homestead, and Foothills courses, as well as the private, Arnold Palmer-designed Bear Creek Golf Club.