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. …
The Pines at Broadmoor Bluffs in Colorado Springs Sells to California-Based Investment Firm
Benedict Canyon Equities, a California multifamily real estate investment company, recently purchased Pines at Broadmoor Bluffs, a townhome-style rental community in Colorado Springs, for $49 million, according to property records. Built in 1987, The Pines at Broadmoor Bluffs has 108 apartment homes across 26 buildings. The community has one garage …
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 …
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 …
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 …
South Federal Flats Breaks Ground
On April 19, CO Investment LLC and Sustainable Design Build began construction on South Federal Flats, a multifamily commercial apartment complex, following a long process with Denver’s developmental services. South Federal Flats will be located near the intersection of Yale and Federal Blvd at 2720 S Federal Blvd, in Denver. The 57-unit apartment complex …
TruAmerica Multifamily Acquires Thornton Apartment Community
Los Angeles-based TruAmerica Multifamily has added to its extensive holdings in Colorado with the acquisition of Village on Cypress, a 220-apartment home community in Thornton, in an off-market transaction. The garden-style community is located at 8960 Cypress Drive just nine miles north of downtown Denver. Major employers in the region …
Crescent Communities to Break Ground on Third NOVEL Project
Crescent Communities and Oxford Properties Group (“Oxford”) wil break ground later this month on new multifamily community in Uptown Denver. Located at 1557 North Logan Street, NOVEL Uptown will be just a few blocks from Denver’s bustling business district in a unique position between the historic Uptown and eclectic East Colfax neighborhoods. …
Apartment Building in Wash Park Sells to California-Based Buyer
Domain at Wash Park, a mid-rise multifamily property, located at 300 South Lafayette Street in Denver, has sold for $9 million, $450k per unit, or $548 per square foot, to an undisclosed California-based buyer. The property was 95 percent occupied at the time of the sale. Senior Directors Nick Steele and John Laratta and Directors …
Transit-Oriented Apartment Community Breaks Ground in Denver’s Globeville
Highland Development Company (HDC), a Denver-based real estate development company, has broken ground on its newest multifamily residential community—Iota Fox Station—in Denver’s Globeville neighborhood, one block from the 41st and Fox transit station. The 148-unit, transit-oriented, apartment community is scheduled to open in the summer of 2023. The general contractor …