Century Living Acquires Site for Luxury Apartments in Denver's LoHi Neighborhood

Rhea-AI Summary

Century Communities (NYSE: CCS) via its multi-family arm Century Living acquired a shovel-ready development site at 33rd Avenue and Mariposa Street in Denver's LoHi neighborhood from Elevation Development Group.

The project, named The Stevie, is a five-story, 116-unit luxury boutique apartment community with pool, sun deck, fitness center, resident lounges, first-level garage plus underground parking; groundbreaking this week and units expected to deliver for leasing in 2028. The acquisition included land, architectural and engineering plans, and entitlements.

Positive

• Acquired a shovel-ready site with entitlements, plans, and permits included
• 116-unit luxury boutique apartment project targeted to LoHi, Denver
• Century Living will act as developer and general contractor, retaining control of execution
• Groundbreaking this week with leasing-ready units expected in 2028

Negative

• Project completion and leasing not expected until 2028, delaying cash flow realization

News Market Reaction – CCS

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High-end, amenitized project will include a pool, sun deck and select loft units

DENVER, March 10, 2026 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—announced that Century Living, the Company's multi-family arm, acquired a shovel-ready development site at 33^rd Avenue and Mariposa Street in Denver's sought-after LoHi neighborhood from development firm Elevation Development Group. Going forward, Century Living will serve as the developer and general contractor on the project—named The Stevie—with groundbreaking this week and units expected to deliver for leasing in 2028.

Elevation began the permitting process for the luxury apartment community in 2021, which enabled the deal with Century Living to come complete with land, architectural and engineering plans, and all entitlements and permits.

"This is a unique opportunity to deliver brand-new, high-quality housing to one of Denver's most valued neighborhoods," said Jim Francescon, an executive at Century Communities. "With premium amenities and luxury units, The Stevie will provide an elevated quality of living with immediate access to everything LoHi and surrounding neighborhoods have to offer."

Additional Project Details:

• Five-story building
• 116-unit, luxury boutique apartment community (including select loft units)
• Amenities will include a pool, sun deck, fitness center, and resident lounges
• First-level garage plus underground parking
• Walking distance to notable restaurants, shops, and parks
• Quick access to I-25 and Union Station

About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years. Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025–2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.

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SOURCE Century Communities, Inc.

FAQ

What did Century Communities (CCS) acquire in Denver's LoHi neighborhood?

They acquired a shovel-ready development site at 33rd Avenue and Mariposa Street for a luxury apartment project. According to Century Communities, the deal included land, architectural and engineering plans, and all entitlements and permits.

What is the size and scope of The Stevie project announced by CCS?

The Stevie is a five-story, 116-unit luxury boutique apartment community with select lofts and premium amenities. According to Century Communities, amenities will include a pool, sun deck, fitness center, resident lounges, and both garage and underground parking.

When will units from CCS's The Stevie be available for leasing?

Units are expected to deliver for leasing in 2028 following groundbreaking this week. According to Century Communities, the project is shovel-ready with permits and plans in place to proceed through construction.

Who will manage development and construction of The Stevie under CCS (CCS)?

Century Living will serve as both developer and general contractor for the project. According to Century Communities, that structure gives the company direct control over design execution and construction timelines.

What amenities will Century Communities include in The Stevie in LoHi, Denver?

The project will feature a pool, sun deck, fitness center, resident lounges, and select loft units. According to Century Communities, the design also includes first-level garage parking plus underground parking for residents.