Kairoi Residential seeks approval for multifamily project at 777 South Yarrow Street

A major development proposal took center stage at the Lakewood Planning Commission meeting on May 7, 2025, as Kairoi Residential sought approval for a multifamily housing project at 777 South Yarrow Street. Sam Kasparik, cofounder and managing partner of Kairoi, emphasized the company’s commitment to creating community-focused living spaces, highlighting their careful approach to development.

Kairoi Residential, which manages over 30,000 apartment units nationwide, aims to address the pressing need for rental housing in the area, particularly for local workforce members who may not be in a position to purchase homes. Kasparik expressed gratitude for the collaboration with city staff throughout the planning process, noting that their project aligns with the city’s vision for multifamily housing.

The proposal includes a major site plan and a minor waiver request, which Kairoi hopes will be approved to move forward with construction. Kasparik underscored the importance of this project, stating it would be a thoughtful addition to the community that reflects the diversity and values of Lakewood.

Following Kasparik's presentation, Bria Pafford from the planning staff provided an overview of the project, indicating that further details would be available for commission members as needed. The meeting concluded with anticipation surrounding the commission's decision, which could significantly impact local housing availability and community development in Lakewood.