Author name: milehighcre

First SCP Hotel To Open In Colorado Springs Following Nine-Month, $6 Million Transformation

COLORADO SPRINGS – Soul Community Planet (SCP) announced the opening of its first SCP Hotel in Colorado Springs after a nine-month, $6 million renovation. The 98,000-square-foot, 176-room property, located at the base of Pikes Peak, is in its final stages of renovation. “We’re pleased to introduce SCP Hotels with the opening of the SCP Hotel Colorado […]

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CBRE Completes $23.4 M of Newly Constructed 1515 Flats at Sloan’s Lake

DENVER – CBRE announced that it recently completed the $23.4 million sale of the newly constructed, 82-unit 1515 Flats multifamily development located at 1515 Vrain Street, just south of Sloan’s Lake in Denver. CBRE’s Dan Woodward, David Potarf and Matthew Barnett represented the seller, Vrain Street Investments of Denver. The buyer, Cardinal Group Acquisitions, purchased

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Block 162 Begins Construction on Speculative Basis

 A joint venture led by Patrinely Group and USAA Real Estate announced that construction has officially commenced on Block 162, a 595,000-square-foot office building located at 675 15th  Street between Welton and California Streets in downtown Denver. Construction is slated to be completed December 2020. “Given the continued strength of the Denver marketplace and the lack

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Sale of Multifamily Property Near Aspen Spotlights Opportunity to Invest Beyond the Front Range

DENVER — An income-restricted apartment community located in Basalt, about 20 miles northwest of Aspen, has sold for $12.4 million. The recently completed 50-unit development, called The Willits Seven Apartments, offers income-restricted housing for residents living and working in the Roaring Fork Valley. Dan Woodward, David Potarf, Matthew Barnett and Jake Young with CBRE represented the seller, Platform Investments

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Holiday Inn Express & Suites DTC Sells for $9.2M

ENGLEWOOD — The Holiday Inn Express & Suites, a 92-room hotel in Englewood, Colorado has sold for $9.2 million, according to Bob Kaplan, regional manager of Marcus & Millichap’s Denver office. Neville Rustomjee, an investment specialist in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a

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PCL Construction Transforms Two Civic-Minded Parks in Boulder and Denver

DENVER – PCL Construction, Inc. (PCL) recently completed construction work to transform two popular parks in Colorado; Re-Imagine Play, Phase I at Paco Sanchez Park in Denver, as well as the Civic Area in Boulder. The work completed at the Re-Imagine Play at Paco Sanchez Park includes a new and innovative playground named “Re-Imagine Play”. 

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Denver’s Retail Market Outperforming Other U.S. Markets

DENVER – A new research report from CBRE shows that despite continued shake-ups in the retail industry, Denver’s retail market has sustained growth in the post-recession period. Compared to peer markets, Denver’s retail rent growth is moderate, while absorption of space and construction activity is strong. Local retailers are also adapting to the evolving environment, embracing new trends and

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Belmar wins international award for Civitas’ “healthy 10-minute neighborhood” design

DENVER — Urban design and landscape architecture firm Civitas has won an Honor Award for Excellence for its Belmar Town Center design in Lakewood from the recent 55th International Making Cities Livable (IMCL) Conference in Ottawa. The award acknowledges Civitas’ role in transforming the derelict Villa Italia suburban mall into the lively Belmar as a preeminent example

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