Affordable HousingDevelopmentMultifamilyTransit

Aurora Housing Authority Awarded Tax Credits for Affordable, Transit-Oriented Housing

The Colorado Housing and Finance Authority (CHFA) awarded the Housing Authority of the City of Aurora (AHA) $970,004 in state Low-Income Housing Tax Credits (LIHTC) to build the second phase of Peoria Crossing. The state tax credits, combined with federal low-income housing tax credits, will provide approximately 50 percent of …


LoDo is Denver’s Top Neighborhood for Apartment Construction

Urban areas have witnessed an apartment boom in the last five years, as a whopping 1.6 million new rentals hit the market nationwide. After analyzing construction data for the 50 largest U.S. cities, RentCafe—a nationwide apartment search website—went in-depth to identify the hottest neighborhoods for new apartment deliveries. As it …


New Renderings Revealed for One River North Project in RiNo

World-renowned MAD Architects is sharing new renderings and details of its newest U.S. project — One River North — a revolutionary biophilic-designed residential building in Denver’s vibrant RiNo neighborhood. The project, located at 3930 Blake Street, broke ground in Fall 2021 and is slated for completion in Q4 of 2023. Situated at …


NorthMarq Completes Sale of Elevate @ Peña Station Apartments in Aurora

Denver-based developer MGL Partners, that specializes in multifamily and senior housing development, strategic investments and long-term property ownership, has sold its property Elevate @ Peña Station apartments, a 218-unit multifamily property located at 17607 E. 61st Avenue in Aurora. KG Investors, LLC was the buyer. A sale price was not disclosed. …


Former Art Institute Building to be Transformed into Studio Apartments

Located in the lively Golden Triangle neighborhood at 1200 Lincoln, Art Studios is an urban infill project which is transforming the former Art Institute building into 194 studio apartments. Developed by Nichols Partnership, the ten-story building with art-deco architectural style will feature one ground floor retail tenant and an art-themed interior style to pay …


Kennedy Wilson Acquires Arista Uptown in Broomfield

Global investor and developer Kennedy Wilson has acquired Arista Uptown, a 272-unit garden-style apartment community in Broomfield, for $95 million, excluding closing costs. Beginning immediately, the team will roll out a value-add asset management plan that includes investing $4million to renovate unit interiors, refresh common areas and enhance amenities to improve …


How IoT Is Improving Deliveries in Multifamily Buildings 

By Steven Sperry One of the lasting impacts of the pandemic has been the explosive growth in meal delivery and ECOM usage. As a result, policies and infrastructure are having to play catch up in order to better facilitate this. For example, Colorado recently proposed a bill that requires third-party …


Trion Properties Doubles Down on Denver with Acquisition of Loft 9 Apartments

Trion Properties along with equity partner PCCP, LLC, has acquired Loft 9 Apartments, a 418-unit multifamily community located at 11100 Dartmouth Avenue in Denver, for $82.5 million. The acquisition more than doubles the firm’s holdings in the Denver metro area, bringing its portfolio to over 700 units since entering the market last year, and over …


Southern Land Company and GTIS Partners Complete Sale of Bespoke Uptown

Southern Land Company and GTIS Partners have sold Bespoke Uptown, a mixed-use project at 17th and Pearl Street in Denver. The 10-story community —completed in 2020 — features 316 luxury apartment homes and more than 12,000 square feet of ground-level commercial space, sold to PPF AMLI 1633 North Pearl St. LLC, …


Prime West Break Ground on Mixed-Use Project in Denver’s Sunnyside

Prime West, a Denver-based developer, recently broke ground on its latest mixed-use project on a 0.8-acre site at 42nd and Jason Streets in Denver. Alloy Sunnyside is a 209-unit, 8-story, 258,105-square-foot mixed-use building, with a focus on affordability. Catamount Constructors is the general contractor and RATIO is the architect. According to …