Treetops Renovation Finally Set to Break Ground

The developer of the Treetops project is finally set to begin with renovating the apartment complex, which has sat vacant for years and has irked residents in the surrounding neighborhood whom have longed for the day when the eyesore gets a facelift.

A groundbreaking ceremony will be held at 11 a.m. today at 4300 Susan Drive to launch the renovation project, Denver-based Apartment Investment and Management Co. said in an email.

The complex on the corner of Skyline Boulevard and Sharp Park Road has sat vacant since 2005, and it was supposed to get rebuilt more than a year ago. But when the housing market tanked, AIMCO asked the City Council for an extension to begin renovating the 308-unit complex.

In September, the company said was securing funding from the U.S. Department of Housing and Urban Development.

Representatives from AIMCO, the city, HUD and Red Capital Group are expected to meet at the site of the $93 million project for the groundbreaking. The new complex will also have a new name, Pacific Bay Vistas, shedding the stigma of the old Treetops apartments.

According to AIMCO, the project will involve a complete exterior and interior rehabilitation of all 14 existing buildings, construction of a resident clubhouse—featuring a lounge, business center and movie theater—and the reconstruction of a 4,600-square-foot, state-of-the-art fitness center. Units are expected to be open in August.

The project will provide about 250 local jobs over the next 15 months, AIMCO added.