Author name: milehighcre

Osage Café & Mercado Opens in New Location in Denver’s La Alma/Lincoln Park

Denver Housing Authority (DHA) just announced that Osage Café, which has been located at 1099 Osage Street in Denver’s Mariposa District in Lincoln Park for the past nine years, has moved into a new space at 1035 Osage Street in Denver. The Café is also expanding its offerings to include a market that sells affordable, nutritious, […]

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Hines Buys Land in RiNo for 10-Story Multifamily Development

Hines and investment partner Cresset Real Estate Partners have purchased 2.35 acres of vacant land in the North Wynkoop 14-acre master plan located in RiNo, from Denver-based Westfield Company Inc. Hines plans to develop a 10-story, 392-unit multifamily building on the site. “This acquisition represents one of the last available developable sites in RiNo, which is experiencing a transformation

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FCP Expands Colorado Multifamily Portfolio with $55M Acquisition of Northglenn Apartment Community

FCP® a privately held national real estate investment company, and joint venture partner Denver-based Avanti Residential have acquired Heights on Huron, a 252-unit garden apartment community at 10648 Huron Street in Northglenn, for $55 million. The purchase follows an announcement made in May 2022, when FCP made its initial multifamily investment, Ivy Crossing, with joint venture partner, BMC,

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Phoenix-Based ViaWest Group Enters Denver Market

Phoenix-based ViaWest Group, a full-service commercial real estate investment, development, and property management firm, will construct its first project in Denver, just north of downtown. The 134,400-square-foot Class A industrial facility will be named the Downtown Distribution Center. The building will be situated on 9.32 acres at 5601 Franklin Street and is scheduled for delivery in Q2

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New Residential High Rise Breaks Ground in Office-Heavy Tech Center

Today, project partners celebrated the groundbreaking of Araceli, a modern apartment community, at 4552 S. Ulster St. near the junction of I-25 and I-225 in the Denver Tech Center. The project is significant because of the lack of residential options in the neighborhood. The building solves a need for convenient housing for those who work in

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$69M Refinancing Secured for Westminster Mixed-Use Community

Sherman Associates has received a $69 million HUD 223(f) loan to refinance its multifamily property in Westminster. The 255-unit property, called Ascent, is an urban-style, mixed-use community containing 25,625 square feet of retail space. The loan was originated by NewPoint Real Estate Capital LLC Senior Managing Director John D. Motzel. Loan proceeds were used to pay off a

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Mayor Hancock Launches Supportive Housing Program

On July 1, Mayor Michael B. Hancock joined with officials from the U.S. Department of the Treasury, homelessness response and mental health service providers, and funders to launch the Denver Housing to Health (H2H) program, a new pay-for-success initiative. The H2H program will leverage local housing resources, $11.75 million from six private funders, and up

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8-Story Hotel Planned for Prominent Empty Lot in LoDo

On June 24, The Nichols Partnership, a Denver-based real estate development company, and architecture firm Shears Adkins Rockmore filed concept plans for a newly constructed 8-story hotel at 1709 Blake St. in LoDo, as well as the re-use of the adjacent office building at 1725 Blake and single-family residence at 1702 Wazee. The 166,878-square-foot hotel will include 127 rooms and two

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Former Johnson & Wales University Renamed “Mosaic Community Campus”

In June of 2021, Urban Land Conservancy (ULC), Denver Public Schools (DPS), and Denver Housing Authority (DHA) purchased the former Johnson & Wales University Denver Campus to repurpose it for community access and benefit. Today, the owners announced they have officially renamed the campus “Mosaic Community Campus.” The new name was attained through an open

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