AMLI to Add 300+ Units to Denver’s Broadway Park
D4 Urban, a Denver-based creative mixed-use development company, has sold its 2.68-acre land parcel on South Broadway in Denver. The site is located in the heart of Broadway Park – a mixed-use infill redevelopment totaling 75 acres and entitled for up to 10 million square feet of future development. Newmark Knight Frank Executive Managing Director Chris Cowan and Transaction Manager Mackenzie Walker represented D4 Urban in the sale to AMLI Residential (AMLI).
AMLI plans to develop the site with a 300+-unit multifamily community. Amenities will include a rooftop deck, two-story fitness and clubhouse area, pool, barbeque and lounge area, dog run and several courtyards. The property is designed to achieve LEED Gold ® certification, which is a hallmark of AMLI communities nationwide.
“This site provided an excellent opportunity to acquire an extremely walkable and public transit-oriented site well-suited for multifamily development,” said Cowan. “Future residents will benefit from the evolving Midtown market location and adjacency to trendy South Broadway restaurants and retail, providing an urban lifestyle element. With the Alameda Light Rail Station one block away and interstate access less than a half mile away, the central location offers connectivity to downtown Denver and the Denver Tech Center in 15 minutes.”
“AMLI’s mixed-use project is the second vertical development within the Northwest District at Broadway Park and is adjacent to Price Development Group’s 354-unit multifamily community that is currently under construction on land sold by NKF, as well as a 0.64-acre public plaza on Mercado that will be developed by D4 on behalf of the Broadway Park North Metropolitan District. A third and final phase of the NW District project is on a .98-acre site that is currently in planning for 291 multifamily units and ground level retail,” said Dan Cohen, development partner at Denver-based D4 Urban who is the master developer of Broadway Park.
AMLI is a leader in multifamily sustainability and was recently recognized by the Environmental Protection Agency as an ENERGY STAR ® partner of the year for the second year in a row.
“We are thrilled to make AMLI Broadway Park a part of the broader development and look forward to providing our future residents a high-quality living space with immediate access to countless amenities, entertainment and transportation,” said
AMLI’s Senior Development Associate Isabelle Lockwood.
Newmark Knight Frank’s Executive Managing Director Tom Lee is leading the office leasing component of the “Southern District” at Broadway Park. The Southern District also has an approved concept site plan for up to 850,000 square feet of NRA build-to-suit office and a pending concept site plan for an additional 90,000 square feet of five-level office fronting South Broadway, proximate to additional apartment community sites.
Photo courtesy of NKF