BrokerageDevelopmentLand SalesMultifamily

$23M Sale of 6.31-Acre Site in DTC Underscores Demand for Multifamily Product in Metro Denver

Denver-based commercial real estate firm EverWest Real Estate Investors has sold a 6.31-acre site in the heart of the Denver Tech Center submarket, for the planned development of a new Class A, mixed-use multifamily community. At $23 million, the sale underscores the ongoing demand for metro Denver multifamily product. The …

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Affordable HousingArchitectureConstructionDevelopmentMultifamily

Pinkard Completes Spoke on Coffman Affordable Housing 

Boulder County Housing Authority (BCHA), with Pinkard Construction and RNN Architects, has completed construction on the Spoke on Coffman. A ground-up, mixed-use affordable housing complex. The $28.8 million project consists of 73 affordable housing units including 59 one-bedroom homes; 10 two-bedroom homes; and four three-bedroom homes. Additionally, there is 10,000 square feet …

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BrokerageHealthcareMultifamily

Two Multifamily Properties Within Minutes of Anschutz Medical Campus Sell to Investors

The separate sales of two apartment communities in Aurora were announced this week. Both properties are within minutes of The ​University of Colorado Anschutz Medical Campus, giving them significant rental upside. 11300 E. 16th Ave Park 16 Apartments, a 60-unit, 50,466-square-foot apartment community located at 11300 E. 16th Ave in Aurora, …

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ArchitectureDevelopmentMultifamily

Sought-After Property at the Southwest Corner of Colorado and I-25 to be Redeveloped

Denver-based real estate development and investment duo Forum Investment Group and Brookhaven Capital Partners have purchased a marquee, 2.6-acre site at the southwest corner of Colorado Boulevard and I-25, currently home to a La Quinta Inn and free-standing Perkins restaurant. Forum plans to develop a 5-story, 300-unit multifamily community according to a press release. A …

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Affordable HousingMultifamilyRent

Denver Housing Authority Announces Opening of Housing Choice Voucher Lottery

Denver Housing Authority (DHA) is opening its Housing Choice Voucher (HCV), Section 8 Lottery on Sept. 15 and 16, 2022. Housing Choice Voucher, formerly known as Section 8, is a housing subsidy program that is funded by the federal government to assist very low to low-income families seeking affordable housing. The subsidy pays …

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ArchitectureConstructionDevelopmentMultifamily

Carraway on Penn Tops Out in Platt Park Neighborhood

Pinkard Construction and OZ Architecture have completed the external structure for Carraway on Penn, a new 42-unit, approximately 34,619-square-foot multifamily residential property, with a focus on small unit sizes with lower monthly gross rents. The project is located just two blocks from the Louisiana/Pearl light rail station in Denver’s desirable Platt Park neighborhood. Confluent …

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DevelopmentMultifamilyRetailTransit

Aspen Grove Shopping Center to Add Mixed-Use Community

Aspen Grove Shopping Center owner Gerrity is planning to redevelop a portion of the aging 268,000-square-foot open-air retail property — located on the southeast corner adjacent to the RTD Mineral Ave Light Rail station — into a transit-oriented, mixed-use retail center. According to Getty, the project is getting an enthusiastic response from both …

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Affordable HousingArchitectureConstructionDevelopmentMultifamily

Construction of Affordable Housing Community in Littleton Underway

Construction has begun on Trailhead Community’s affordable housing project in Littleton. The first-of-its-kind apartment complex in Colorado will allocate 50 percent of its 80 units for adults with intellectual and developmental disabilities and the other 50 percent for seniors and working professionals. A cooperative management model will integrate residents to create …

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ConstructionDevelopmentHospitalityMultifamilyOfficeReportsRetail

Development in Downtown Denver Continues Despite Office Vacancy Rates Hitting a Five-Year Record Low

The Downtown Denver Partnership released its annual report last week that annalizes the state of downtown. This year’s report suggests that downtown is moving forward after the significant impacts of the pandemic and highlights the exciting opportunities for growth and stabilization in the center city. Among the findings, the report …

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ConstructionDevelopmentMultifamily

Verona Apartments Break Ground in Highlands Ranch

Century Communities, Inc., a top 10 national homebuilder and industry leader in online sales, announced that Century Living —the Company’s fast-growing national multifamily division — has broken ground on its 227-unit Verona Apartments project in Highlands Ranch. Steps from the Highline Canal Trail network and adjacent to major arterial roadways …

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