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Seagate Properties

Seagate Properties

A Real Property Investment & Operating Company

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Fillmore Ridge

Seagate acquired Park Terrace Apartments and rebranded it as Fillmore Ridge Apartments.

This REO purchase completed in August 2010, encompassed a 115 unit apartment community offering a mix of studio, 1 bedroom, 2 bedroom and 3 bedroom floor plan alternatives.

Constructed in 1965-1967, Fillmore Ridge sits on 4.66 acres located in northwest Colorado Springs and borders I-25 on W. Fillmore Street.

Seagate completed a $700,000 renovation of the project that included a new management office, business and fitness centers, new windows throughout, exterior paint, façade improvements, enhanced exterior lighting, parking lot improvements, upgraded common areas and approximately 20% of the interior units received a facelift.

Project Details:

Location

Colorado Springs, CO

Size

115 units

Type

Multi-Family

Seagate Contributions

Acquisition
Asset Management
Disposition
Opportunistic Investment
Redevelopment

Status

Sold 2012

Address

3210 North Chestnut Street
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