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Economic Strength Outlined in 2018 State of Downtown Denver Report

DENVER — Earlier this week the Downtown Denver Partnership released its 2018 State of Downtown Denver report. The annual report, funded in part by the Downtown Denver Business Improvement District, is one of the most comprehensive statistical looks at the stories and statistics behind a thriving center city, detailing increasing investment, …

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ArchitectureConstructionDevelopmentMultifamilyTransit

Luxury Apartment Community Breaks Ground in West Wash Park

DENVER— A luxury apartment community in Denver’s Washington Park neighborhood recently broke ground. Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., is targeting an early 2020 completion. The community, located at 400 N. Grant Street just southeast of downtown, will feature 241 apartment homes and …

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Affordable HousingBrokerageMultifamilyRetail

KeyBank Provides $49.7M in Financing for Affordable Housing Development in Westminster

WESTMINSTER — KeyBank’s Community Development Lending & Investment (CDLI) team has provided a total of $49.7 million in financing to a joint venture among Koelbel and Company, Mile High Development and Longs Peak Advisors, to support the new construction of Eaton Street Apartments, a 5-story, 118-unit affordable housing development in Westminster. Eaton Street …

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Affordable HousingArchitectureConstructionDevelopmentMultifamily

Affordable Family Housing Opens in Boulder

BOULDER — Element Properties, with Pinkard Construction and Sopher Sparn Architects, celebrated the grand opening of SPARKwest, Element Properties’ 45-unit permanently affordable multifamily flats and townhomes project in Boulder. On Wednesday, May 9, grand opening festivities included a ribbon cutting and facility tours with remarks from Kurt Firnhaber, the City of Boulder’s deputy …

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ArchitectureDesignDevelopmentMultifamilyRetail

First Residential Building Opens at 9th and Colorado Project  

DENVER — Residents have begun moving into the Theo Apartments, the first market rate residential building at 9th & Colorado, a 26-acre urban infill project at the site of the former University of Colorado Health Sciences Center in Denver.  The brand new nine-story apartment building by developer 9th Avenue (Denver) Land, LLC — a joint venture …

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BrokerageMultifamily

Chicago-based Investment Company Purchases Value-add Multifamily Property in Glendale

DENVER –  A 132-unit multifamily community called The Helix, located at 1017 South Birch Street in southeast Denver’s Glendale neighborhood, has sold for an undisclosed amount. The sale attracted a lot of investor interest as a value-add opportunity and it’s prime location in urban Glendale/Cherry Creek area. CBRE’s Dan Woodward, David Potarf, Matt Barnett and Jake …

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BrokerageMultifamily

Unique Properties Announces Three Metro Denver Transactions

DENVER— Unique Properties, Inc., recently announced the following metro Denver CRE sales: 1301 North Santa Fe Drive, Denver, sold for $1,650,000. The 3,303-square-foot, colorful building was marketed as a land development opportunity and sits on 12,000 square feet of prime Denver land. The C-MX-8 zoning, plus the UO-1 & UO-2 overlays, permit a multitude …

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BrokerageDevelopmentMultifamilyRetail

Land on Broadway Sells for $12M

DENVER— 99 South Broadway, a 2.36-acre land site on the northwest corner of Bayaud Avenue and Broadway in the Baker neighborhood has sold for $12M. Vancouver, Washington-based Holland Partner Group will build a 238-unit apartment community on the land that will be the first Class A residential project to be built on that …

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ArchitectureDesignDevelopmentEducationMultifamilyTransit

Studio PBA Finalize Preliminary Design of TOD in Aurora

AURORA — Situated directly adjacent to RTD’s R Line, which runs along the I225 corridor in Aurora, Studio PBA’s Alta Fitzsimons is a transit-oriented development poised to serve as a catalyst for development in the surrounding neighborhood. The site, formerly home to a storage facility, is located within walking distance of the Fitzsimons …

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Multifamily

Rent for High-end Buildings in Denver Increases

DENVER — A recent RentCafé study shows that the number of high-end rentals increased significantly in cities across the country. The nationwide apartment search website looked at average rent prices for high-end apartments, across 30 largest US cities. The national average rent in a high-end building is around $1,640 per month. Key …

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