Sale of Two Apartment Communities in Aurora Shows Continued Demand
Two apartment properties in north Aurora have sold for a combined $19.5 million. Elm Grove, a 59-unit apartment property located at 11852 E. 16th Ave., sold for $7,200,000 and Aspen Grove Apartments, a 99-unit apartment property located at 1568 Nome St., sold for $12,375,000. Greg Price and Jason Hornik, investment …
Urban Land Conservancy Secures Land for Affordable Housing in Westminster
The Urban Land Conservancy (ULC), a Denver-based real estate nonprofit, has completed the purchase of two adjacent properties totaling 5.5 acres at the Westminster Station. These acquisitions are known as the Westminster Station Transit Oriented Development, and were acquired using the Metro Denver Impact Facility (MDIF). The site is located …
Infrastructure: The Backbone of Successful Development
By David Crowder, vice president of community development/general manager of Centerra for McWHINNEY. As any real estate professional knows, infrastructure is at the core of successful development. It provides regional services via transportation for residents and business owners. It provides the capacity for future growth and development. It provides a higher level of function …
Apartment Project Approved For Final Parcel at Sky Ridge Rail Station
A new 240-unit apartment complex has been approved for development on the last parcel of land at the Sky Ridge Station transit oriented development (TOD) site of the new RidgeGate community in Lone Tree. The seven-story apartment complex, which includes two levels of parking, is adjacent to various large employers in …
Sheltair Breaks Ground on $20M Complex at Rocky Mountain Metropolitan Airport
Sheltair Aviation, one of the nation’s leading aviation services companies, recently broke ground on its new blue ribbon FBO service at Colorado’s Rocky Mountain Metropolitan Airport. Sheltair will provide the region with a 21 acre state-of-the-art, $20 million dollar complex that includes a new terminal, hangar and build-to-suit office space opportunities. …
New Affordable Housing Development to Welcome New Residents
Peoria Crossing, Aurora Housing Authority’s newest affordable housing development, located at 30th Avenue and Peoria Street in Aurora, is now complete and will open its doors to the first of many residents on Friday, October 4. Peoria Crossing added 82-units of affordable housing to the Morris Heights neighborhood. The transit-oriented development aims to connect people …
Mayor Hancock Submits 2020 Budget Proposal
This week, Mayor Michael B. Hancock submitted his 2020 spending plan to Denver City Council, a $1.49 billion budget that reflects years of fiscal strength, protects Denver’s prosperity and prepares the city as the economy begins to show signs of moderating. “The people’s priorities are clear, and this budget proposal …
New Development at 100-acre Denver Hub Supports Demand for Industrial Space
Development partners Bradbury Properties and Confluent Development, have started construction on three buildings in metro Denver’s 100-acre industrial hub, Highfield Business Park. Upon completion, the three projects will mark the industrial hub’s near build-out, spanning about 10 years and totaling 1.25 million square feet of industrial space, with only 12 …
Tech Company Fivetran Expands at Denver’s STEAM on the Platte
Fivetran, Inc. a fast-growing tech company based in Oakland California, has leased 16,000 square feet at STEAM on the Platte, the newly developed office building at 1401 Zuni Street in Denver. With a dynamic central location, Fivetran expects to grow its current Denver team from 40 employees to more than 150 in the …
E-470 Public Highway Authority Seeks Partners to Redevelop Four Prime Sites
The E-470 Public Highway Authority, a toll highway on the eastern portion of the Denver Metropolitan Area, has released a Request for Proposals (RFP) to invite the private sector to commercially develop four highly-visible sites with each site consisting of a northbound and southbound parcel. The public-private partnership would be …