Alliance Breaks Ground on Apartment Addition in Centennial
As the retail landscape evolves due to the COVID-19 pandemic and increased popularity of online shopping, more ownership groups are ditching traditional brick-and-mortar retail space in favor of additional housing units. This includes retail space within existing mixed-use complexes. One such example is The Portola apartment complex at the Streets at SouthGlenn …
$50M Multifamily Project Breaks Ground Near DIA
Construction is underway on Momentum at First Creek, a $50 million multi-family rental project in Denver. CMG Capital has partnered with Massimino Development to develop the property located at 56th Avenue & Telluride Road within the high-growth corridor of DIA. The Momentum project is the second CMG Capital and Massimino Development partnership …
111-Unit Multifamily Property in Loveland Sells for $25.5M
Denver-based Woodspear Properties has acquired The Buttes, a 111-unit, three-story multifamily property in Loveland, for $25.5 million. “The Fort Collins/Loveland metro area has been the one of the fastest-growing economic regions in Colorado over the past decade and Northern Colorado’s diverse mix of industries, which includes manufacturing, high-tech and higher education, helped shield …
Boulder the Top Gen Z City in the U.S.
Gen Z (the oldest of which turned 23 in 2020) became the second most important player in the rental market in 2020 and some cities saw spectacular increases in rental applications from this youngest generation of apartment dwellers. To find the top trending locations for Gen Z renters in each …
Denver City Council Approves Group Living
At a public hearing on Monday, February 8, Denver City Council voted to pass the much-needed “Group Living” package of amendments to the Denver Zoning Code. The amendments are the product of three years of work by city staff, Denver residents, housing providers, and city councilmembers. The approved zoning amendments …
Transit Oriented Multifamily Asset in Arvada Sells to The Praedium Group
With new apartment communities few and far between in Arvada, New York-based The Praedium Group seized the opportunity to purchase Gateway Arvada Ridge, a Class A, 296-unit multifamily asset located at 5458 Lee Street in Arvada. Newmark Vice Chairmen Shane Ozment, Terrance Hunt and Chris Cowan represented the seller, Embrey, who developed the property, …
Denver Ranks 5th Among Hottest Markets for Multifamily
Over the past decade, the price-per-unit (PPU) for multifamily properties surged 156 percent, reaching nearly $160,000. This increase surpassed both median home sale prices and rental rates. The latest CommercialSearch study compared and ranked the most active U.S. metros in terms of multifamily sales since 2009. Here are some highlights: …
Multiple Residential Developments Under Construction at Gateway Landing in Green Valley Ranch
Equity Ventures Commercial Development and project partner Wall Development Group have begun construction on multiple residential developments — including affordable housing — at the 34-acre Gateway Landing mixed-used development in Green Valley Ranch. In addition to the residential offerings, the development partners will also introduce a regional park for residents, local …
Grow or Die: Apartment Locating Startup Doubles Down on Denver
By Cassie Brown, CEO/Founder Smart City Most companies approached the pandemic with a “cut back or die” mindset – and the reason why is obvious. It’s safe. Eventually, if they play their cards right, they will be able to make up all their losses. The problem with “cut back or die,” however, …
Newly Constructed Apartments Near DIA Sell for $100.4M
Outlook Gateway, a 324-unit, 13-building apartment complex in Denver, has sold to Atlanta-based Cortland for $100.44 million, according to property records. The property was developed by Evergreen Devco, Inc. and constructed by Nexus Builders, an Evergreen-affiliated company. Denver-based Kephart Architects designed the project. It sits on 16.64 acres at 5650 Argonne Street …