Redevelopment
Redevelopment
Past Redevelopment Successes
Redevelopment of well-located communities offers significant opportunities for Aimco to create value for our customers and company. Through thoughtful planning and design, we are able to extend the lifespan of our communities, offer improved surroundings and services to our residents, and contribute to the vibrancy and economic development of the cities in which we do business.
Redeveloping our apartment communities gives us the flexibility that does not come with ground-up developments. We can respond quickly to market conditions by increasing or decreasing volume according to demand, and we take advantage of repurposing our buildings – using existing infrastructure and promoting a more sustainable living environment. At the core of our corporate mission we are dedicated “to consistently provide quality apartment homes in a respectful environment.” Our redevelopment efforts allow us to do just that, and help us to focus on delivering a high-quality and updated product that builds credibility and goodwill with our residents and surrounding neighborhoods.
Current Projects
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Palazzo West Apartment Homes
The Palazzo West, located in Los Angeles’ popular Mid-Wilshire District, is steps from The Grove Shopping Mall, premier dining, shopping and entertainment. It offers easy access to Beverly Hills, Hollywood, Century City, Downtown Los Angeles and Santa Monica.
Brand new apartment interiors feature quartz countertops, stainless steel appliances, designer cabinets and built-in closet organization. Penthouse homes offer ultra-luxury finishes such as wood flooring, marble bathtubs, GE Profile appliances and 2-story windows.
Amenities include a resort-style swimming pool, top-of-the-line fitness center with cardio balcony overlooking the pool, separate spin and yoga studios and exclusive penthouse rooftop deck.
Indigo Apartment Homes
Indigo Apartment Homes in downtown Redwood City is centrally located between San Francisco and San Jose. This brand new community features 463 luxury apartment homes and penthouses complete with modern interiors and three unique interior design schemes.
State-of-the art amenities include a saltwater swimming pool, fireplace lounge, fitness center with separate spin and yoga studios, open-air cabana lounge with pizza oven, outdoor theater, an on-site pet park and club room with billiards.
One Canal Apartment Homes
One Canal, located in Boston’s historic North End, features 310 luxury apartment homes and penthouses. The brand-new, pet-friendly homes offer contemporary interiors with quartz countertops, stainless steel appliances, wood flooring, high ceilings, and unsurpassed city views.
One Canal’s world-class amenities include a one-of-a-kind rooftop social deck with swimming pool, fireplace lounge, outdoor theater and breathtaking 360-degree city views. The community also features the area’s fastest residential Wi-Fi connection, fitness center with separate spin and yoga studio, club room with billiards, an outdoor courtyard, 24-hour concierge service and dog wash.
The community is located near the Boston Garden, one block from North Station and adjacent to the historic North End offering excellent access to public transit, the Government Center, Financial District, and Massachusetts General Hospital employment centers, popular dining, recreation, and shopping amenities nearby.
The property boasts 20,000 square feet of commercial space home to City Winery, a world-class restaurant and concert venue, opening summer 2017.
Park Towne Place Apartment Homes
Park Towne Place includes 948 apartment and penthouse homes within four high-rise towers. The community is nestled between green acres on the Benjamin Franklin Parkway in the heart of Center City Philadelphia’s Museum District. Park Towne Place features a 20,000 square foot amenity center with more on-site amenities than any other community within the city.
It boasts Philadelphia’s largest pools, an art studio, fitness center with boxing gym, yoga/spin studio, social lounge with demonstration kitchen, gourmet market and cafe, outdoor lounge with fire pit, 24-hour concierge, shuttle service and more.
Park Towne Place Premier's upgraded apartments and penthouses feature stainless steel appliances, in-unit washers and dryers, upgraded finishes, wood flooring and stunning skyline views.
The Sterling Apartment Homes
The Sterling is a 30-story high-rise located in Center City’s Market West neighborhood, five blocks from Rittenhouse Square and one block of Comcast Center. It features newly renovated apartment homes with designer kitchens, GE Clean steel appliances, premier bathrooms, granite countertops, European-inspired cabinets and the largest floor plans in Center City.
Brand new amenities include an ultra-sleek rooftop with resort-style pool, social deck, and three-season barbecue area with fire pits and outdoor TVs. The community's new, 2,667 sf, 24-hour fitness center features cardio and strength machines and LifeFitness equipment with programmed workouts, personal TVs and USB charging stations.
The Sterling has three floors of commercial space and over 20,000 square feet of ground-level retail.