The Cherry Creek residential boom continues with yet another apartment project on the boards. Located a block away from the 297-unit 360 South Monroe project, Gables Residential, the same developer of 360 South Monroe, purchased a 1.3 acre parcel at 351 South Jackson Street to develop another 242-unit apartment project.

351 South Jackson is located in a district named the Alameda Triangle, which is densifying rapidly. Here is an aerial with the project site outlined. There is a small building on the corner of South Jackson Street and East Dakota Avenue, belonging to the Colorado Private Reserve, which will be demolished to make way for this project.

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Gables Residential will build both an 8-story and 12-story tower on this site. Here are two renderings of the project courtesy of the Denver Business Journal.

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This is the third phase of Gables Cherry Creek, with 360 South Monroe being the first. The second phase, consisting of 127-units, is currently working its way though the city to get all of the necessary approvals. Gables Residential is anticipating a January ground breaking for 351 South Jackson Street with completion in late 2018.