Pedcor opened the doors to two newly constructed affordable housing communities; one in Colorado and one in Texas. The apartment communities are affordable multi-family developments at 60% AMI workforce and family units. The Colorado community is The Creek at Cottonwood Apartment Homes. The Texas community is Grand Station Apartment Homes.
The Creek at Cottonwood Apartment Homes consists of 258 apartments at 60% AMI workforce and family units to serve as a source for affordable housing in a drastically underserved area of Colorado. In February 2022, The Creek at Cottonwood team opened the clubhouse doors to prospects and began pre-leasing and staff training. The Creek at Cottonwood began moving in the first residents in late September. Located at 5975 Karst Heights, in the Northern suburban fringe of Colorado Springs, the site benefits from proximity to I-25, E-470, and the Northwest Parkway. The Creek at Cottonwood will be managed by Pedcor Management Corporation. The community features a fully-amenitized clubhouse, including a community room, kitchen, fitness center, business center, laundry, and an outdoor pool. There will be 11 buildings with one-bedroom, two-bedroom, and three-bedroom apartments, each featuring a private patio or balcony.
A Pedcor representative stated, “we have received positive feedback from both prospects and our new residents. When we started touring our apartments a few weeks ago, everyone was impressed with the community and commented on the apartment interiors, outstanding location and especially the incredible views of Pikes Peak.”
The apartment community is built by Signature Construction, LLC, a Pedcor Company. The Creek at Cottonwood Apartment Homes will provide stable, inclusive, and quality rental housing for residents of Colorado Springs. The Creek at Cottonwood Apartment Homes is one of 187 apartment communities in the Pedcor Companies’ portfolio, which includes 6 developments in Colorado and is now the first in the Colorado Springs market.
Grand Station Apartment Homes is an affordable multi-family development located in Austin, Texas. The Grand Station team opened the doors to the clubhouse on October 11th. The apartment community will have 216 apartments at 60% AMI workforce and family units. The development includes 9 three-story residential buildings (each with 24 units) offering 1-bedroom, 2-bedroom, and 3-bedroom apartments. The site amenities include full perimeter fencing with controlled access gates; a covered pavilion with a sitting area; grills and picnic tables; and a clubhouse featuring a leasing office, a community room with hi-speed wi-fi service, an exercise room, a business center, and a laundry facility. Other community amenities will include a swimming pool with a splash pad, two playgrounds, a dog park, and bicycle parking. The apartment amenities include covered entries, a storage room or closet, covered patios/balconies, walk-in closets, a breakfast bar, and more.
Grand Station Apartment Homes will be managed by Pedcor Management Corporation. The Texas apartment community was built by Signature Construction, LLC, a Pedcor Company. The Grand Station Apartment Homes will provide stable, inclusive, and quality rental housing for residents of Austin. Grand Station Apartment Homes is one of 187 apartment communities in the Pedcor Companies’ portfolio, which includes 18 developments in Texas and four in the Austin market.
Pedcor Companies is a full-service development, construction, property management, banking and finance team committed to creating stable, inclusive, and quality rental housing across the nation. We are cultivating thriving communities. For more information, please visit our website.
Pedcor supports the federal fair housing act and all state and local laws prohibiting discrimination in housing with regard to race, color, religion, national origin, sex, familial status, handicap, creed, sexual orientation, gender identity, and lesbian, gay, bisexual, transgendered (LGBT+) individuals. Pedcor is an equal opportunity provider and employer.