The Garrett Companies , a Colorado-based real estate developer, has purchased a 12.6-acre plot in Englewood for $15.14 million and plans to turn it into a 317-unit apartment community.

Named Garrett Park Meadows, the project at 8600 S. Valley Highway will consist of a clubhouse with full amenities and six four-story residential buildings.

Construction on the project is already underway, and the buildings will include a mix of one-, two- and three-bedroom units.

CBRE Executive Vice Presidents Eric Roth and Martin Roth, along with Vice Chairman Chris Cowan, represented the seller, Grace Chapel, in the transaction.

“This site represents one of the strongest locations along the front range and allows for true walkability to restaurants, shopping and public transit, which is rare for a sub

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