ARA Newmark Trades Eco-Elegant, Mixed-Use District Spanning Full City Block in Downtown Denver
Denver, CO — ARA, A Newmark Company (ARA Newmark) recently sold One City Block, an eco-friendly, mixed-use development in the Uptown neighborhood in downtown Denver comprising four LEED-certified luxury apartment buildings – each uniquely designed and named after area parks – retail storefronts, sidewalk cafés and underground parking.
Vice Chairmen Jeff Hawks, Doug Andrews, Terrance Hunt and Shane Ozment along with Executive Managing Director Chris Cowan represented the seller RedPeak Properties, the Colorado-focused apartment owner, operator, developer and acquirer that developed One City Block in 2013. RedPeak purchased the site in 2005.
“RREEF America LLC, on behalf of a managed fund purchased the 302-unit signature asset that contains over 400 parking spaces that are all concealed and indeed spans the full block between 18th and 19th Avenues and Logan and Pennsylvania.
“One City Block transformed the expansive site of a former Romanesque-style catholic school into a LEED-certified destination within steps of the state capitol and central business district. An infill site of this size never will be available again in such a prime location, making this asset truly irreplaceable,” noted Hunt.
“The boutique-style buildings named for Washington, Commons, Benedict and Congress Parks honor the neighborhood’s rich architectural history with the look of an Uptown community that evolved over time and yet offers all the benefits of new, Class A+ luxury product,” said Ozment.
Clustered around a central courtyard, the residential buildings share outdoor amenities including a 25-meter lap pool, hot tub, full-size sport court, practice putting green, fire pit and lush patio areas. Each LEED Silver building features its own lobby and rooftop deck. In addition, there is a demonstration kitchen, fitness center, separate yoga/TRX studio with weekly classes, lounge with billiards and ping-pong, pet spa, bike shop, business center and heated underground parking.
[Editor’s Note: One City Block was recognized at the Mayor’s Design Awards in November 2016 with the Density by Design Award. The team included architect, Davis Partnership Architects and contractor, Saunders Construction, Inc.]
Photo courtesy of ARA Newmark