Denver Developer Planning 342-Unit Condo Project in Arapahoe Square Closes on Land
According to public records, Denver-based Ubuntu Partners purchased 838 Park Avenue West and 2250 Champa St. in Arapahoe Square on Friday, for 5.5 million. The developer is planning to build one of Denver’s largest condo projects that will also aim for net-zero certification.
Ubuntu Partners is a new development firm created by its founders — Keller Williams agent Karina Christensen and Northstar Commercial Partners co-founder Patricia Watson — as a social impact business to bring humanity and social sensitivity to commercial and residential projects.
According to Ubuntu Partners, Evolve Towers is a 342-unit condominium project, with ground level retail with four stories of above-grade parking garage on levels two through five with about 280 parking spaces. The 419,900-square-foot building will feature two towers, each 19 stories high. The project will feature the following:
Neo Design Approach: A cutting-edge exterior design which will be unique, modern and will stand out among other standard, more traditional projects in the area. Unit interiors will embody a European design philosophy with smartly designed, highly efficient living spaces.
Private Club: A 7,800-square-foot members-only urban club space that will house most of the building’s amenities. The purpose of the space will be for eating, drinking, meeting and socializing with clients, friends and residents. Residents will have the first opportunity to obtain a membership in this coveted space.
1st Floor Retail: 5,500 square feet of the 1st floor will be reserved for retail space. Desired tenants include a local bodega to serve the residences and adjacent community or other similar local authentic restaurants, retailers and artisans to provide for a unique micro-community within the heart of the historic Arapahoe Square neighborhood.
One- and two-bedroom condo units will also come with an attractive, more attainable price tag, starting from $365,000 up to $575,000, the maximum amount allowed under an FHA loan.
Images courtesy of Ubuntu Partners