Development

According to Rider Levett Bucknall’s Q2 2021 construction cost report, national construction costs saw their biggest quarter-to-quarter increase in more than 20 years. National average construction costs increased approximately 4.35 percent between April 2020 and April 2021. Denver construction cost increase was recorded below the national average at 1.49 percent. With data …

Mapleton Hill Investments LLC has received $29.7 million in commercial property-assessed clean energy (C-PACE) financing for its continuing care retirement community Academy Mapleton Hill, located at 311 Mapleton Ave. in Boulder. Imperial Ridge Real Estate Capital, a national private commercial real estate capital provider based in Colorado, provided the financing—one of …

“We’re thrilled with Medtronic’s investment in Colorado,” said Governor Jared Polis during the groundbreaking of the medical technology manufacturer’s new 400,000-square-foot campus in Lafayette. “This campus will allow for good jobs, innovation, and employee wellness, all of which are critical to powering the Colorado Comeback.” Developed in partnership with Ryan Companies US, …

Continuum Partners, a Denver-based real estate developer specializing in building urban, mixed-use projects, announced today the opening of the Residences at Market Station, the residential component of the highly anticipated mixed-use redevelopment of the former RTD central bus terminal in downtown Denver. The Residences feature two distinct styles in one community: The Flats offers …

TriVista on Speer, a 322-unit, seven story multifamily property located at 1350 Speer Boulevard in the Golden Triangle neighborhood of Denver, has sold to Manulife Investment Management for $144.5 million. The recently completed class A building features large floorplans with average unit sizes of 985 square feet, which includes an attractive mix …

Denver-based Confluent Development has big plans for a 10.5-acre site known as “Diamond Hill,” located west of I-25 and Speer Boulevard in the Jefferson Park neighborhood. According to concept plans submitted to the city in early June, the developer outlined a plan for four residential buildings and 400,000 square feet …

A project team consisting of Capitol Hill United Neighborhoods, City Street Investors and Semple Brown Design have begun the renovation of Capitol Hill’s historic Tears-McFarlane Mansion, as well as the design and construction of a new, freestanding café adjacent to the historic mansion. The team worked closely with the surrounding neighborhood …

In an effort to help developers meet demand for more housing, Ivanhoé Cambridge and Mount Auburn Multifamily have formed a programmatic joint venture to invest in preferred equity for ground-up multifamily developments throughout the U.S., including Denver. The partnership will further Mount Auburn’s existing investment strategy focused on millennial migration …

Nine new businesses are set to join three mixed-use projects totaling 31 acres within Denver’s Central Park neighborhood. An equal partnership between Equity Ventures Commercial Development, Wall Development Group and Evergreen Development are developing the 12.8-acre Runway North project, 16-acre Runway South project, and the 2.22-acre Control Tower project. The Runway …

Following almost seven decades of highly successful development in Colorado, Koelbel and Company announced this week it will be develop its first ever project beyond the borders of the Centennial State—bringing its innovative Catalyst concept to the University of Nebraska Medical Center (UNMC) at the historic Omaha Mill Site. The project is the …