Colorado-Based McWhinney Expands into Salt Lake City
Today, global residential brand Common and Colorado-based development firm McWhinney began leasing new residential micro-apartment units in one of two high-rise towers in Salt Lake City that formerly operated as a hotel. The building, now operating as Lattice, will be the first collaboration between McWhinney and Common, as both organizations …
Newly Formed Joint Venture to Develop $117M Multifamily Project in Colorado Springs
Origin Investments, a leading fund manager focused on the multifamily market that is committed to the future of Colorado Springs, has formed a joint venture with Jackson Dearborn Partners to develop Solace at The Ranch, a $117.9 million multifamily “in the path of progress” development located at 7718 E. Woodmen Rd. …
Office Redevelopments at All-Time High
According to Rent Café’s latest study on adaptive reuse, apartment conversions are up by 25% from pre-pandemic numbers, with 28,000 new rentals hitting the market nationwide in the last two years. More so, office redevelopments are at an all-time high, creating 11,000 new rentals. Denver follows the national trend, with …
Apartment Property in Colorado Springs Fetch $11.25M
Capstone has closed the sale of Peak View Apartment Homes, a 77-unit multifamily property located in Southern Colorado Springs, for the sale price of $11,250,000. Adam Riddle and Jason Koch of Capstone represented the seller, JOHN 321 LLC & Pat Knowlton of Capstone represented the buyer, PRIMROSE PEAK VIEW, LLC. The …
Mayor Michael B. Hancock Honors Denver’s 2022 Design Award Winners
On Tuesday, Nov. 15, Mayor Michael B. Hancock honored a dozen projects during the 2022 Mayor’s Design Awards ceremony at the Studio Loft of the Ellie Caulkins Opera House. “Throughout my time in office, we have celebrated many creative, committed individuals who lift up our city through good design, and …
Denver’s Tallest Mass Timber Building Set to Break Ground in 2023
Denver’s tallest mass timber building will break ground in July 2023, Denver-based Tres Birds announced today. Situated in the RiNo Arts District, the 12-story multifamily building named “Return to Form” will be located at 3495 Wynkoop Street and will include 84 dwelling units including four penthouse units, 32 two-bedroom units, 32 one-bedroom …
Koelbel and Company Announce Groundbreaking of New Multifamily Project in Aurora
Tempo Nine Mile, a new 255-unit market-rate multifamily project — part of the 22-acre The Point at Nine Mile master plan — has broken ground at the northeast corner of Parker Road and Peoria Street in Aurora. The project is a joint venture between Draper and Kramer, Koelbel and Company, Mile High Development, …
Iconic Apartment Tower in Denver’s Cheesman Park Trades for the First Time
The Corsican Apartments, an 82-unit high-rise in Denver’s Cheesman Park neighborhood, has sold for $31 million. Justin Hunt, Andy Hellman, Erik Toll, Chris Hart and Jessica Graham of CBRE represented the seller, the property’s long-time ownership group. Built in 1968, Corsican has one- and two-bedroom floorplans with an average unit size …
Gantry Secures $32M to Refinance Colorado Multifamily Near Vail and Beaver Creek Resorts
San Fransisco-based Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $32 million of financing to recapitalize the River Run Apartments, a 117-unit multifamily community strategically positioned on the Eagle River with near equidistant access to the Vail and Beaver Creek mountain resorts from the town …
Denver Simplifies Licensing Requirements for New Residential Rental License
With 60 days to go until all landlords in Denver with a multiunit residential rental property are required by law to have a city license, Denver has reduced the number of required documents and information required to make the process easier. Denver took this action after taking input from applicants …