Villas at Mesa Ridge nearly complete; few units still available
Last updated 12/22/2021 at 10:46am | View PDF
Villas at Mesa Ridge, the new senior apartment complex under construction between Mesa Ridge Parkway and Cross Creek Avenue in Fountain, is nearly complete and leasing is well underway.
With little advertising – mostly networking with the Fountain Valley Senior Center – the property has already filled up 80 percent of its units, with about 10 apartments still available as of press time, said Dee Goodall, regional manager of Whilhoit Properties.
"This town is in great need of what we do: affordable housing for seniors," Goodall said.
Most of the apartments that have been leased already are designated for lower income seniors. The ones still available are also considered below average income, but at 60 and 80 percent of AMI they are on the higher end of the spectrum.
Now, workers are putting on finishing touches and landscaping at the 60-unit development. Officials expect to have a ribbon-cutting ceremony sometime in January.
The development features a cardio fitness center, covered picnic areas with grills, a library media room with computers, community room, an onsite management staff and 24-hour carefree maintenance. Large open floor plans feature fully-equipped kitchens with dishwasher, refrigerator, garbage disposal, stove/oven and microwave. Each home also has ceiling fans, full size washer/dryer, and a private patio/balcony with additional storage.
Rainbow Housing Assistance Corporation, a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country, will be implementing senior services at this location.
Developed by Wilhoit's parent company Zimmerman Properties, Villas at Mesa Ridge will feature affordable rental housing for residents 62 and older. This is the Missouri-based company's first development in Colorado. Goodall says the company is excited about this new venture and that more Colorado projects should be expected in the future.
The vacant land was donated to the city in 2009. Zimmerman Properties approached the city a few years ago about purchasing the land for this development, and city leaders agreed that senior housing would be a much-welcomed addition.
Zimmerman worked with the Colorado Housing and Finance Authority and other sources to assist with funding the project, which is estimated to cost around $17 million. The use of government tax credits allows the developer to offer lower rents.
To contact the temporary leasing office, call 719-252-1779.