


PROJECT UNDERWAY
August 2022
ALTA VERDEII
The Town has teamed up with Gorman & Company to produce Alta Verde 2, the Town’s next local workforce housing project. With 172 units spanning over 4 buildings, Alta Verde 2 will encompass a mix of studios, one, two and three bedroom units. 50% of those units will be 80% AMIs or less. The Town has committed $6 million dollars to this project that will achieve net zero designation, meaning the total amount of energy used by the building on an annual basis is equal to the amount of renewable energy created on the site. Construction is currently underway and will be ready for move in Winter 2024.
Construction Complete: 2024
Neighborhood Summary:
# of Units: 172
Occupancy: Renter Occupied
Rental Rate:
87 units at 80% AMI
Neighborhood Amenities: Rec Path, Proximity to Parks, Trails, Public Transit, and Blue River. On-site play area, gathering space, dog area, and garages.
Type: 1-, 2-, and 3-bd Apartments
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14 Studios
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38 1 Bedrooms
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78 2 Bedrooms
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42 3 Bedrooms