About this property

Urban Capital and Ibex Ventures have joined forces to revitalize the corner of 12th and E Street in the downtown Urban Core with an exciting new 132-unit development known as "Esperanza." "Esperanza," which translates to "Hope" in Spanish, features 132 carefully crafted, attainable housing units. The development comprises eighty-six (86) efficient studio apartments, each measuring 320 sqft, and forty-six (46) 1-bedroom lofts, ranging from 480 to 520 sqft. Each unit is equipped with a full-size kitchen and an in-unit washer and dryer for added convenience. The project also includes a community courtyard with bike storage, a communal lounge, and a shared lobby for receiving packages and mail. What sets this project apart is its unique focus on serving individuals and families with incomes ranging from 80% to 120% of the area median income.

Project type
Ground Up Development
Completion Date
Estimated Spring 2025
Property Type
Square Footage
49,720 ft²
132 Units

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