ConstructionDevelopmentReports

Q1 Construction Costs Increase 3.2% in Denver

The construction market continued to experience significant inflationary challenges in early 2022, according to Mortenson’s Cost Index. Optimism for moderating costs in the latter half of the year has lessened and will be dependent on a variety of external factors including global stability, supply chain continuity, labor markets, and general …

READ MORE →
BrokerageDevelopmentInvestmentMultifamilyOfficeRetail

Market Station Refinanced for $130M

Market Station, a newly built, Class A mixed-use project totaling 339,494 square feet in Denver’s LoDo, has been refinanced for $130 million, according to JLL. The borrower, a joint venture between Continuum Partners, LLC and Clarion Partners, LLC, to secure the 12-year, fixed-rate loan through a life company correspondent lender. …

READ MORE →
BrokerageDevelopmentIndustrialLand Sales

JAGreen Development to Build 2MSF Industrial Park Near DIA

Denver-based JAGreen Development LLC (JAG), the owner/developer of the recent JAG Logistics Center @ DEN, in partnership with an affiliate of Raith Capital Partners, has acquired 157 acres of land along the 56th Avenue corridor in Aurora for the development of AEROS Logistics Center (AEROS), a 2 million-square-foot Class A industrial …

READ MORE →
Affordable HousingDevelopmentEducationMultifamily

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 …

READ MORE →
DesignDevelopmentTransit

DIA Adds 16 Gates for Southwest Airlines

Last week, Mayor Michael B. Hancock joined Denver International Airport (DEN) and Southwest Airlines for a ribbon-cutting ceremony celebrating the completion of 16 new gates on Concourse C. The new gates are being leased by Southwest Airlines and will allow the airline to continue growing its operations at DEN. “Denver …

READ MORE →
ArchitectureDesignDevelopmentRetail

Experiential Sportsman’s Club Opens in Lakewood

The Gallery Sportsman’s Club & Range, a new state-of-the-art facility featuring a high-tech shooting range, gear shop, coffee bar, restaurant and lounge, held its grand opening on Friday, April 29 at 1350 Colorado Mills Parkway in Lakewood. The project, owned by Mark Hymanson LLC, began construction in May 2021 and delivers …

READ MORE →
DesignDevelopmentRetail

The Neenan Company Celebrates Grand Opening of Premier Members Thornton Branch

Premier Members Credit Union and The Neenan Company, a Fort Collins-based design-build firm, are celebrating the grand opening of the credit union’s first branch location in Thornton. The branch opening comes as Neenan plans to break ground on Premier Members’ first location in Erie, Colo. While many in the industry …

READ MORE →
ArchitectureDevelopmentWorkforce Housing

Workforce Housing Community to Replace Former Railroad Storage Lot

Denver-based real estate developer St. Charles Town Company has received $68 million in financing for the construction of Aspgren Park Apartments, a 216-unit workforce housing community to be located at 728 South Lipan Street in the Athmar Park neighborhood of Denver. The community will replace a former railroad storage lot and …

READ MORE →
DesignDevelopmentMultifamilyRetail

Kroenke Sports and Entertainment Proposes Major Redevelopment of 55-Acre Site Next to Ball Arena

A major new development proposed by Kroenke Sports and Entertainment could play a key role in uniting LoDo, Auraria Campus, The River Mile, La Alma/Lincoln Park, Jefferson Park, and beyond. According to a Large Development Review plan submitted to the city, the KSE-Ball Arena Redevelopment will be a brand new entertainment …

READ MORE →
Affordable HousingDevelopmentMultifamily

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 …

READ MORE →