Renters Show Preference for Urban Locations Over Suburbia
With moving being one of the main drivers of the self storage industry, the researchers at STORAGECafé zoomed in on approximately 1.7 million renter applications in order to identify the top US cities for renter interest. Contrary to the theory that renters are seeking more space in the suburbs during …
Ribbon-Cutting: Eight-Story Affordable Housing Project in West Denver
On March 26, Mile High Development, Brinshore Development, JOHNSON NATHAN STROHE (JNS), Alliance Construction Solutions (ACS) and Urban Land Conservancy held a ribbon-cutting event for the completion of Sheridan Station Apartments, an eight-story affordable housing project in West Denver. Adjacent to the RTD W Line at 13th and Sheridan, the $41 million development …
Santulan Architecture Announces New Brand, New HQ
Denver architecture and design firm Parikh Stevens Architects has rebranded as Santulan Architecture. The firm’s new name is derived from Sanskrit for ‘well-balanced,’ a nod to the firm’s longstanding reputation for producing multifamily and mixed-use projects that achieve an optimum balance of art and science. “Our new name speaks to …
Apartment Community Sells in Northern Colorado Amidst Unprecedented Growth
Rise at 2534, a newly-built 236-unit luxury apartment community located at 5070 Exposition Drive in Johnstown, has sold to a New York City-based pension fund advisor for an undisclosed price. Dan Woodward, Dave Potarf, Matt Barnett and Jake Young with CBRE Capital Markets in Denver represented the seller, multifamily developer A.G. …
Mission Rock Residential Announces Major Executive Promotions
Denver-based national multifamily property management firm Mission Rock Residential has announced a significant set of leadership promotions, as the high-growth company approaches its 9th year in operation. The leadership role changes, planned since the company’s launch, are a direct result of the company’s rapid success and execution of succession plans. This …
Denver-based Builder Leads New South Federal Multifamily Project
Sustainable Design Build, a Denver-based full-service design-build company, is currently designing a new three-story multi-family apartment development at 2720 South Federal Blvd in Denver, for a local ownership group. Currently, the local company is traversing the City of Denver Planning and Development process. Building plans are scheduled to be submitted …
Evergreen Devco Opens Apartment Leasing for Outlook Clear Creek in Wheat Ridge
Evergreen Devco, Inc., a leading retail and multifamily development company, has announced that Outlook Clear Creek Apartments are now available for pre-leasing to residents. The 310-unit apartment community is part of Clear Creek Crossing, a 110-acre mixed-use development located near the intersection of Interstate 70 and Highway 58 in Wheat Ridge. …
World Trade Center Denver Project Moving to Globeville’s Fox Park
The World Trade Center (WTC) Denver has pivoted its plans to develop its new global campus at 38th and Blake St. in the RiNo District, due to development delays and a change of scope of the project. WTC will instead build at Fox Park, a 41-acre community development site at the crossroads of I-70 …
Rêve Boulder’s Residential and Retail Units Sell for $151M
Virtú Investments, a multifamily real estate investment firm primarily engaged in the management of apartment properties in the western U.S., has purchased the multifamily and retail components of Rêve Boulder, a mixed-use community located in a Qualified Opportunity Zone (QOZ) at 30th & Pearl Streets in Boulder. The firm purchased …
Renters’ Priorities Shift from Cheaper to More Space
In March 2020, right after the first lockdowns, RENT Café asked renters about their moving plans. Despite the overall optimism, “safety” was their main concern and “price” the top preference. But one year of pandemic has impacted renters’ choices significantly. According to our latest survey of 10,000 rentcafe.com visitors, “more space” …