Formativ to Break Ground on First Development in Colorado Springs
Formativ, a Denver-based real estate development and investment firm, has announced the groundbreaking for the company’s first development in Colorado Springs. The 214-unit, multifamily development, The Hunter – named to honor the legacy and career of long-time Colorado Springs resident Samuel C. Hunter, Jr. and his family – will be …
Forum Investment Group and Mass Equities Acquire Land in Erie for Future Multifamily Development
Forum Investment Group LLC, a Denver-based real estate development and investment firm, and Mass Equities Inc. have purchased a 4.5-acre site in Erie, with plans to develop a six-building, 206-unit, multifamily community named Antelo. “Forum is excited to partner with MEQ on this development opportunity,” said Rich Wilson, Forum’s senior …
Chicago-Based Real Estate Services Company Opens Office in Denver
Peak Realty, a full-scale real estate services company based in Chicago, has opened a new office in Denver and hit the ground running. With two lease-up projects in the historic Cheesman Park neighborhood, a 300-unit stabilized portfolio, and its first sales listing which closed May 1, Peak Realty is ready …
Colorado Needs More Housing: Here are Four Things We Can Do to Help Solve that Problem
In an effort to open a conversation about the Affordable Housing Crisis, Archway Communities‘ CEO Sebastian Corradino recently launched a Thought Leadership blog that will be published quarterly. Mile High CRE is delighted to share this information with our readers… Like all real estate, housing demand is driven by market …
Alliance Construction Solutions Completes Construction of Stanley House Apartments
Alliance Construction Solutions (Alliance), a Denver-based general contractor, has completed construction on Stanley House Apartments. The project had a construction start in July 2021 with the celebration of a successful Topping Out event in 2022. “This has been a great project to work on, which is a testament to the …
Granite Capital Group Closes $46M Sale of Multifamily Community in Henderson
Granite Capital Group (GCG), a Santa Barbara, Calif. real estate investment firm with multiple real estate holdings in Colorado, Montana, Texas and California, has completed the $46 million sale of Enclave Belle Creek, a 167-unit multifamily and townhome community in Henderson, Colorado. The name of the buyer was not disclosed. …
LA-Based Investment Firm Secures $73M Loan for First Multifamily Development in Colorado
Banyan Residential, an LA-based real estate investment firm, has closed a $73 million loan to finance the construction of Banyan High Point, a 399-unit multifamily development in Aurora. The project is being developed in collaboration with Bridge Investment Group. Construction is expected to begin in early June 2023 with estimated …
Denver-Based Avanti Acquires Kansas City Apartment Community
As part of a continued effort to seek compelling investment opportunities in the Kansas City market, nationwide multifamily investor and operator Avanti Residential has acquired the 308-unit Summit Square apartments in the Kansas City metropolitan area for $80 million. Avanti now owns eight apartment communities in the greater Kansas City …
Navigating Denver’s Housing Shortage in an Era of Transformation
By Adam Berkelhamer, AIA, associate principal, FitzGerald The City of Denver is evolving. The 2020 U.S. Census tracked a population growth within the city of nearly 20 percent over the ten years prior, and this kind of growth naturally brings about change. A city that was long considered a bargain …
Affordable Housing Community Breaks Ground on Former Johnson & Wales Campus
On May 18, Archway Communities held a groundbreaking ceremony for its affordable housing development on the Mosaic Community Campus located at 7150 Montview Blvd, Denver. Archway, a leader in providing quality affordable housing for Coloradans, has begun renovations on four historic dormitory buildings at the former Johnson & Wales Campus …