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115-Units at Affordable Price Point Under Construction in Santa Fe Art District

Leave a Comment / Construction, Development, Multifamily /

Construction has begun for the development of Art District Lofts located at 1275 Santa Fe Drive in Denver.  The entitled eight-story project will include 115 apartment units and 2,622 square feet of ground-floor retail space. Parkview Financial provided a $26 million construction loan to developer CRE Development Investments. Completion is anticipated for December 2021. Situated

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Denver Sees Decrease in Number of Cranes and Increase in Construction Costs in Q3

Leave a Comment / Construction, Development, Reports /

Denver’s construction slowed in the third quarter and construction costs increased, according to international property and construction consultancy firm Rider Levett Bucknall (RLB). The firm’s latest Crane Index and Quarterly Cost Report provide an insightful look at the North American construction industry in 14 key markets. According to the report, there was a decrease in the quantity of

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Affordable Housing Community in Westminster Gets $42M Investment

Leave a Comment / Affordable Housing, Investment, Multifamily /

Westminster’s 252-unit Toscana Apartments, located at 84th and Sheridan, has received a $42 million investment that will ensure the community remains affordable for the long-term. Maiker Housing Partners, a progressive housing authority and socially conscious community developer in Adams County, and The Community Development Trust (“CDT”), a national investor in affordable housing, have formed a

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Denver-based Property Mapping Tech Company Raises $3.7M to Fuel Expansion

Leave a Comment / Multifamily, Technology /

Property mapping technology company Engrain, has raised $3.7 million in new funding to fuel its national expansion. The round was led by RET Ventures, an industry-backed venture fund focused on single- and multi-family rent tech, along with participation from existing investors. For Engrain, the funding validates the success of the company’s recent strategic expansion. Founded a

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Lofts at Lincoln Station Sells for $30.5M

Leave a Comment / Brokerage, Multifamily /

The Lofts at Lincoln Station apartment building located at 9375 Station Street in Lone Tree, has sold for $30.5 million. Boston-based Eaton Vance purchased the property in a sale that closed Sept. 30. Built in 2015, Lofts at Lincoln Station totals 102 units. The four-story building offers one- and two- bedroom apartments with an average unit size of 787

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Movers and Shakers Week Ending 10.02.20

Leave a Comment / Movers and Shakers /

ACEC Colorado Honors Young Professional of the Year  The American Council of Engineering Companies of Colorado (ACEC Colorado) honored Ryan Loftus, PE (Sterling Design Associates – Littleton) as the Young Professional of the Year at its virtual Leadership Development Program Graduation ceremony on Aug. 13. The Young Professional of the Year Award recognizes the notable

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Pinkard Completes Construction of Atlantis Apartments Mixed-Use Development

Leave a Comment / Affordable Housing, Construction, Development, Events, Multifamily, Office /

Pinkard Construction Company, the Atlantis Community Foundation and Ratio/Humphries Poli Architects, celebrated the grand opening of the new $16.5 million Atlantis Apartments I at 201 S. Cherokee, in the Baker neighborhood of Denver. Located two blocks from the Alameda light rail station, Atlantis is a 69,212-square-foot mixed-use facility with first-floor office space and three floors of residential space

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Senior Living Community Coming to Centerra

Leave a Comment / Development, Senior Housing /

Kansas City-based Hunt Midwest is planning to build a two-story, 78,000-square-foot assisted living and memory care community on a 4.7-acre site at McWhinney’s Centerra community in Loveland. The Capstone at Centerra will be located on the north west corner of McWhinney Boulevard and US 34. The community plans to offer 56 assisted living apartment homes and 32

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Kumar & Associates, Inc. Completes Work on Welk Resort in Breckenridge

Leave a Comment / Development, Hospitality /

Denver-based engineering consultant Kumar &Associates, Inc. (K+A) completed the construction materials testing and observation services for The Ranahan by Welk Resorts in Breckenridge at the end of 2019 for its opening in early 2020. The luxury vacation rental resort consists of an L-shaped, multi-story lobby/amenity building with two attached accommodations buildings. The site has a stand-alone meeting and maintenance building with associated drive lanes and parking. The

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Trailbreak Partners Buys Durango Apartment Community for $35M

Leave a Comment / Brokerage, Multifamily /

Denver-based private equity firm Trailbreak Partners has purchased Confluence at Three Springs, a 171-unit, garden-style, multi-housing community in Durango, for $35.25 million, according to property records. Completed in 2016 and 2018, the property is one of only two residential projects of this scale completed in the Durango region in the last 15 years. The apartment comprises seven

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