ArchitectureConstructionDevelopmentMultifamily

Crescent Communities to Break Ground on Third NOVEL Project

Crescent Communities and Oxford Properties Group (“Oxford”) wil break ground later this month on new multifamily community in Uptown Denver. Located at 1557 North Logan Street, NOVEL Uptown will be just a few blocks from Denver’s bustling business district in a unique position between the historic Uptown and eclectic East Colfax neighborhoods. The community will include 261 for-rent residences with unobstructed views of downtown, the mountains, and the iconic spires of the nearby Archdiocese of Denver. Construction is slated to begin later this month.

NOVEL Uptown

Crescent Communities and partner Oxford purchased the land in April 2022. First residence delivery is anticipated fall 2024. Financing for the project is provided by BMO. Design partners include architecture firm Tryba, civil engineer Kimley-Horn, landscape architect Dig Studio, interior design by ESG, and Milender White as the general contractor.

“NOVEL Uptown demonstrates Crescent Communities’ commitment to continued and strategic growth in the vibrant Denver market,” said Ben Krasnow, managing director of the Southwest region for Crescent Communities. “We are thrilled to partner with Oxford to build this one-of-a-kind multifamily community that is unique in both location and the experiences it will provide residents.”

The community will consist of a 10-story building offering studios, one-bedrooms, and two-bedrooms, as well as townhouse-style floor plans available on the first level. Amenities include a state-of-the-art fitness center, private work from home spaces, a rentable conference room, and remarkable 10th floor skydeck complete with a rooftop pool, grilling stations, and sweeping views of Denver and the mountain ranges beyond. Land of a Thousand Hills Coffee will also open a café and retail shop on the first floor, serving both residents and the greater community.

“We’re pleased to come together with a highly-aligned partner in Crescent Communities on the exciting new development of NOVEL Uptown,” said Rachel Reardon, director, U.S. Residential at Oxford. “Denver has experienced immense growth over the years, which comes with an increased need in residential offerings. We look forward to working together to help address that need with a best-in-class community that takes the residential experience to the next level.”

NOVEL Uptown is designed to blend the area’s quirky personality with convenient and sophisticated living. The community will be the first in the neighborhood to incorporate luxury finishes and amenities, with commissioned original artwork throughout that reflects the music-centric personality of the surrounding community. Its central location will place residents within walking distance of the historic tree-lined streets of Uptown Denver as well as iconic East Colfax Avenue, best known for its live music and entertainment venues.

NOVEL Uptown marks Crescent Communities’ third investment in the Denver market. Two other Denver-area Crescent Communities efforts, NOVEL RiNo and NOVEL White Fence Farm, are currently under construction. With additional community plans in the pipeline and a growing local team, the Denver market continues to be a top priority for Crescent Communities’ expansion in the Western region of the country.

 

Previous post

New Office Project in Cherry Creek North 93% Pre-Leased

Next post

Denver’s Industrial Market Begins the Year on a High Note

No Comment

Leave a reply

Your email address will not be published.