MGL Partners Announces Second Phase of Affordable Housing Project in Longmont
MGL Partners (MGL), a Denver-based multifamily, senior, workforce and affordable housing developer with a mission to build lasting value through the creation of high-quality communities, has closed on the land for the second phase of the Crisman Apartments, in partnership with the Longmont Housing Authority (LHA). Located at 680 SH …
$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 …
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 …
Affordable Apartments with On-Site Early Learning Center Break Ground on Colfax
On April 7, Mercy Housing Mountain Plains, Alliance Construction Solutions, Mile High United Way, the City and County of Denver, and others celebrated the groundbreaking of The Rose on Colfax. This development will be a mixed-use with 82 affordable homes, along will a Mile High United Way Early Childhood Education Center on the …
79 New Affordable Apartments Open in Westwood
Gorman & Co. joined with Denver’s Department of Housing Stability (HOST) on May 3 to celebrate the grand opening of Avenida del Sol, a new 79-unit affordable apartment community located in Westwood at the gateway to Denver, along Morrison Road just east of Sheridan. “Access to affordable and safe housing is key …
Denver’s New Condo Project Raises the Bar on Affordability and Sustainability
By Nate Huyler New construction of for-sale condominium projects is few and far between in Denver. At the affordable level, there have been none. La Tela, one of Denver’s newest developments, was conceived to change that. The condos provide a rare homeownership opportunity for Denver’s workforce. It does this with an attractive, high-quality …
Construction Begins on 61 Affordable Homes in Cole Neighborhood
Denver’s Department of Housing Stability (HOST) recently joined with Mile High Ministries to celebrate the groundbreaking of a new 61-unit affordable apartment community, Clara Brown Commons. The project represents the first phase of redevelopment of an entire city block for affordable housing, which at full buildout will include rental and …
MGL Partners to Develop Attainable Housing Near Anshutz Medical Campus
MGL Partners (MGL), a Denver-based multifamily, senior, workforce and affordable housing developer, is set to develop a new multifamily community with its equity partner Hartford Investment Management Company (HIMCO) on the southwest corner of E. 13th Ave. and Peoria St. in Aurora. Designed by Santulan Architecture, the new community will offer studio, 1-, …
National, Local Leaders Visit DHA’s Mariposa Neighborhood in Denver
On Thursday, Feb.24, Secretary Buttigieg, Senator Bennet, Senator Hickenlooper, Representative Perlmutter, Governor Polis, Mayor Hancock, delegation members, community advocates, residents, David Nisivoccia, CEO of Denver Housing Authority, and other city leaders, participated in a conversation with transportation advocates and residents at the Mariposa Housing District owned by Denver Housing Authority. …
Hotel Elegante in Colorado Springs to be Redeveloped
To meet the extraordinary demand for multifamily housing in south Colorado Springs, Austin, TX-based Shir Capital has acquired Hotel Elegante, a 496-key hotel located at 2886 S. Circle Drive in Colorado Springs. The new ownership is now embarking on a phased renovation of common areas as well as the conversion …