The Stables

10850 E Exposition Ave.
Aurora, CO 80012

Property Type:
Intergenerational Affordable Multifamily Rental Housing

Units:
130+

Project Completed:

  • Site acquired in 2023
  • Construction Start 2025
  • Occupancy 2027

Learn more about the historic legacy of the Aurora Stables and the future of the site.

Grovewood is actively developing a 4.79-acre infill site that was formerly home to the historic Aurora Horse Boarding Stables, operated by the Baker family since 1947. The name The Stables honors this legacy — a place that fostered community, connection, and care for the natural world. The new two-phase development pays tribute to that spirit through thoughtful design and programming that supports intergenerational living and nature-forward engagement.

The project will include 134 affordable housing units — one-, two-, and three-bedroom — on a site successfully rezoned from R1 to R4 in 2024 and located within a Qualified Census Tract (QCT). Design features include walking trails, play areas, community gardens, indoor gathering spaces, and other elements that reflect the site’s former use. The location is adjacent to Exposition Regional Park and a City Rec Center to the north, Highline Community Elementary School and the Highline Canal Trail to the east, and the Aurora Housing Authority’s Westerly Creek and Kentucky Village campus to the south. Resident Services and Programming are informed by outreach to the community and future residents.

The original stables, pens, fencing, and outbuildings were respectfully removed in 2024. The project received critical funding through Proposition 123, enabling Grovewood to accelerate development and deepen affordability for residents in this high-opportunity area.

Demographics:

  • Households earning between 30% and 80% AMI, with an overall average income of 56%.
  • Phase I will be 85 family units. Construction will start 4th quarter of 2025.
  • Future development of Phase Il will be 49 Senior age 62+ units.

 

Funding Sources:

  • Impact Development Fund land acquisition loan
  • City of Aurora CDBG/HOME/PAB
  • Colorado Proposition 123 Funding
  • Arapahoe County ARPA/HOME/PAB
  • 4%/State Low Income Housing Tax Credits
  • State Division of Housing HTF Grant
  • Recovery Foundation Grant
  • Aurora Housing Authority SLP facilitating tax abatement 
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