220 Units, constructed in 1988
Newport Village, located at 8901 Colorado Boulevard, is a 220-unit garden-style apartment and townhome community located in Thornton, Colorado. The property is situated on 6.59 acres and is made up of 30 buildings. Units consist of one- and two-bedrooms with six different floor plans, and an average unit size of 753 square feet. Built in 1988, Newport is located fifteen minutes from downtown Denver. Planned capital improvements include the development of a new 2,360 square foot clubhouse, unit upgrades, parking lot improvements, lighting upgrades, and various deferred maintenance improvements.
Newport Village is a well-designed community featuring an outdoor heated swimming pool with spa, barbeque grills, and a dog park. The property also features 100 townhome-style units making up 45 percent of the unit mix. Unit amenities include a stackable washer and dryer in every unit, log-burning fireplaces, private balconies or patios, central HVAC, and vaulted ceilings in select units. Due to the 1980’s vintage, Redwood will be able to continue current renovations as well as spend additional capital on unit interiors, build the long-awaited clubhouse, and improve exteriors and landscaping.
The property is located in the desirable Denver metro area with exceptional transportation access to the Northwest Corridor, diverse economy, and a well-educated workforce. According to Forbes, Millennials have helped Denver become the six fastest growing city and the sixth best city in the nation for job seekers. Newport’s location is also near two major interstates, twenty-five minutes from Denver International Airport, and also fifteen minutes from the Interlocken and Northwest Corridor employment hubs. Current major employment concentrations in Thornton include the life sciences, energy/environment, and professional business services. Primary employment is concentrated in and around Washington Square Business Park approximately eight miles from Newport Village. The property is also less than a mile from the future Light Rail station at 88th Street scheduled to open in 2018. With close proximity to the booming Denver market, Newport provides residents with endless professional, entertainment, and unique lifestyle opportunities.