ARVADA, CO - RangeWater Real Estate, a fully integrated rental housing company with assets across the Sun Belt and Mountain West, has closed on its latest development project in Arvada, Colorado. The site is in Candelas, the city’s largest master-planned community, situated at the foothills of the Rocky Mountains.
This acquisition marks another key milestone in RangeWater’s expansion strategy and the company’s third joint venture partnership with TMGRI (a subsidiary of The Meridian Group), a Dallas-based group established in 2024, focusing on development and opportunistic investment opportunities across residential and industrial sectors within growth markets in the Southeast, Texas, Arizona, and Colorado.
With three other projects in Colorado totaling approximately 823 residential units, RangeWater continues to expand its footprint in the state’s most sought-after markets. This latest development will complement a portfolio that includes Lupine Longmont, a 236-unit build-to-rent community in Longmont; The Armory, a 201-unit build-to-rent community in Boulder; and Ironworks on Fox, a 386-unit multifamily property in Denver.
“We’re excited to bring this development to Arvada’s Candelas community,” said Jordan Orr, Managing Director, Development at RangeWater Real Estate. “With Arvada’s rapid growth, access to major job hubs and recreation, as well as the distinction of being the only multifamily site in Candelas, this project is a rare opportunity and a strong match for RangeWater’s focus on high-demand markets.”
The 16.74-acre development in northwest Arvada will include 324 modern apartment residences with one- and two-bedroom floor plans ranging from 688 to 1,196 square feet, along with 56 townhomes with two- and three-bedroom layouts from 1,246 to 1,823 square feet. Interior features will include open floor plans with nine-foot ceilings, chef-inspired kitchens with Shaker cabinetry, black granite and white quartz countertops, stainless steel appliances, and large balconies. Townhomes will also offer back patios and garages.
Designed with contemporary living in mind, the community will feature a stand-alone clubhouse featuring co-working space, a residents’ lounge, garden room, and private offices. Additional amenities include an indoor/outdoor fitness club, resort-style pool and spa with outdoor dining and grilling areas, dog park, fire pits, and a community garden.
Strategically located in Arvada’s Candelas master-planned community, the site offers incredible views of the mountains, Standley Lake, and Welton Reservoir as well as easy access to Boulder and the US-36 Tech Corridor, located less than 10 minutes away. Spanning 1,500 acres, Candelas includes six residential villages with 12 neighborhoods featuring a mix of single-family residences, multifamily homes, and townhomes. The community is surrounded by 3,400 acres of parks, open spaces, and trails managed by the City of Arvada, and features 13.5 miles of its own trails, ensuring that every home is within a half-mile of a park. With its proximity to major employers in Colorado’s rapidly expanding “Creative Corridor” and abundant recreational amenities, Candelas is one of the most sought-after addresses in the region.
The project is expected to break ground in September 2025, with completion slated for April 2028.
For more information, please visit LiveRangeWater.com