LMC Announces Start of Leasing at Denizen Apartments

Rhea-AI Summary

LMC, a subsidiary of Lennar (NYSE:LEN), has started leasing at Denizen, a new mixed-use apartment community in Portland. Comprising 212 apartment homes and 7,700 square feet of retail, Denizen offers residents a prime location near restaurants and shops. The leasing will begin in August 2020, with online options available for safety. The community boasts a Walk Score of 97 and features amenities such as a fitness center and rooftop space. Denizen is one of two developments by LMC in Portland, with a second project, Amara, set to open in 2021.

Positive

• Denizen community consists of 212 apartment homes and 7,700 square feet of retail space.
• High desirability based on location near Kerns neighborhood and a Walk Score of 97.
• Amenities include a fitness center, rooftop spaces, and modern apartment finishes.
• Online leasing options improve accessibility for potential residents.
• Denizen is part of a larger $12 billion development pipeline.

Negative

• None.

PORTLAND, Ore., June 25, 2020 /PRNewswire/ -- LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the start of leasing at Denizen, a contemporary mixed-use apartment community in the Kerns neighborhood of Portland. Virtual and online leasing options are available to enable future residents to access a unique and realistic view of the community while remaining safer at home.

The midrise community, which consists of 212 apartment homes and 7,700 square feet of ground-floor retail, is located near the confluence of the eastside industrial district and the historic Laurelhurst neighborhood. The community sits just north of vibrant Sandy Boulevard, which is evolving into one of the city's most desirable locations. Move-ins begin in August.

"The Portland market features a little bit of everything and we've been continually excited to officially become a part of it," said Brad Reisinger, division president of Pacific Northwest for LMC. "Denizen's location is difficult to beat with a wide variety of attractions at the fingertips of residents. We believe the community will complement the eclectic environment and we look forward to offering a top-tier living experience on the eastside."

Situated at 2050 Northeast Hoyt Street, Denizen puts residents within steps of restaurants, shops and nightlife options along Sandy Boulevard and the eastside corridor. The community features a superb Walk Score of 97—considered a walker's paradise—and a perfect bike score of 100. The community sits less than two miles from Laurelhurst Park, which contains 31 acres of open space, athletic fields, off-leash dog areas and paths for running, walking or biking.

Residents will enjoy prime connectivity to several key thoroughfares across the city. Sandy Boulevard easily connects with Downtown Portland, and nearby Interstates 5 and 84 are the gateways to key locales across the metropolitan area and beyond. The site is one block from a stop along the Tri-Met bus line.

Denizen offers studio, one- and two-bedroom apartment homes and a variety of high-end finishes and upmarket touches. Apartment interiors feature stainless steel appliances, wood-style plank flooring, tile backsplashes, under-mount sinks, tile surrounds in bathtubs/showers, and full-size washers and dryers in all homes. Select homes offer air conditioning, Juliette balconies, and the top-floor corner homes will be equipped with full-size balconies.

Community amenities consist of a resident lobby, co-working lounge with a private conference room and fireplace, pub-inspired clubroom with a photo booth, beer tap and large-screen televisions, fitness center with inspiring motivational wall, rooftop amenity space with grill areas, and an aesthetic courtyard with fire pit and barbecues.

Denizen marks one of two LMC communities under development in Portland. It joins Amara, a 138-home midrise situated at the southern edge of the Pearl District, which is projected to open in 2021.

About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. LMC has a 31,800-unit pipeline of communities ranging from operating to under pre-development that exceeds $12 billion of high-rise, mid-rise and garden apartments.

LMC creates extraordinary communities where people can live remarkably.

www.LiveLMC.com

Media Contact                                                              
Marlena DeFalco
LinnellTaylor Marketing                                            
303-682-3943                                                 
marlena@linnelltaylor.com    

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SOURCE LMC

FAQ

What is Denizen in Portland?

Denizen is a mixed-use apartment community developed by LMC, consisting of 212 apartment homes and retail space.

When will leasing begin for Denizen apartments?

Leasing at Denizen will begin in August 2020.

What are the unique features of Denizen apartments?

Denizen features high-end finishes, amenities like a fitness center, and offers online leasing options.

How many apartments does Denizen have?

Denizen has a total of 212 apartment homes available for leasing.

Who developed Denizen apartments?

Denizen was developed by LMC, a subsidiary of Lennar Corporation (NYSE:LEN).