Sears Building to Become Luxury Apartment Complex

Evergreen Devco, Inc., a retail and multifamily development company, has paid $5.7 million for the Sears store property at the Chapel Hills Mall in Colorado Springs. Evergreen purchased the vacant property, which included the two-story, 141,000-square-foot building, parking lots and 12.6 acres, from Northwood Investors. The store, built in 1981, served …

Affordable HousingConstructionDevelopmentFeatureMultifamily

Local Housing Authority Redesigns Mixed-Use Building into Mixed-Income Affordable Housing

By Steve Kunshier In August 2020, Colorado-based Maiker Housing Partners broke ground on Caraway, a one-of-a-kind multifamily, mixed-income housing development located in unincorporated Adams County. As construction progresses and the project comes to life, Caraway has become much more than a new housing option for Adams County residents—it is a regional demonstration of how …


CIM Group Acquires One of Denver’s Largest Multifamily Properties

CIM Group has acquired The Lex at Lowry, one of only seven apartment properties with more than 700 units in the Denver metropolitan area. The 710-unit apartment community is set on approximately 26 acres located at 240 S. Monaco Pkwy. in Denver. The acquisition expands CIM Group’s Denver-area residential portfolio to …


Residences at Market Station Bring New Living Options to Downtown Denver

Continuum Partners, a Denver-based real estate developer specializing in building urban, mixed-use projects, announced today the opening of the Residences at Market Station, the residential component of the highly anticipated mixed-use redevelopment of the former RTD central bus terminal in downtown Denver. The Residences feature two distinct styles in one community: The Flats offers …


TriVista on Speer Sells for $144.5M

TriVista on Speer, a 322-unit, seven story multifamily property located at 1350 Speer Boulevard in the Golden Triangle neighborhood of Denver, has sold to Manulife Investment Management for $144.5 million. The recently completed class A building features large floorplans with average unit sizes of 985 square feet, which includes an attractive mix …


Mix of Multifamily and Office Proposed for 10.5-Acre Site in Jefferson Park

Denver-based Confluent Development has big plans for a 10.5-acre site known as “Diamond Hill,” located west of I-25 and Speer Boulevard in the Jefferson Park neighborhood. According to concept plans submitted to the city in early June, the developer outlined a plan for four residential buildings and 400,000 square feet …

Affordable HousingDevelopmentMultifamily

Partnership to Capitalize U.S. Multifamily Development: Targets Denver

In an effort to help developers meet demand for more housing, Ivanhoé Cambridge and Mount Auburn Multifamily have formed a programmatic joint venture to invest in preferred equity for ground-up multifamily developments throughout the U.S., including Denver. The partnership will further Mount Auburn’s existing investment strategy focused on millennial migration …


2020 Emerges as a Top Year for Community Amenities

Renters’ needs have changed over the past 10 years, and even more so in 2020. People now want more outdoor living space, a working area, plus fitness centers. Community amenities have evolved in order to better support people’s lifestyles. Storage Café set out to identify where renters have the best …


7-Story Apartment Project to Replace Ramada Hotel

San Antonio-based Kairoi Residential, a vertically integrated multifamily investment, development and property management company with an office in Denver, recently purchased the Ramada by Wyndham Denver Downtown hotel, located at 1150 E. Colfax Ave. Kairoi paid $14.15 million, according to property records. The developer plans to demolish the hotel and build a …


Highlands Ranch Apartment Sale Sets New Record

JLL has closed the largest single-asset apartment transaction in Colorado history with the sale of Palomino Park Apartments, a 1,184-unit, upscale apartment community in Highlands Ranch. JLL’s Capital Markets team brokered the $435 million sale on behalf of the seller, Nuveen Real Estate and also secured $282.75 million in financing for the …