Multifamily Development Coming to Central Park Master Plan
Mid-America Apartment Communities, a publicly traded real estate investment trust based in Memphis, Tennessee, has purchased a 26.92-acres of vacant land at the South East Corner of Central Park Boulevard and Northfield Boulevard in Denver. The tract is in the Central Park master plan, formally known as Stapleton, and is entitled for multifamily development. A sale price was not disclosed.
Eric Roth and Martin Roth of CBRE’s Denver office represented the seller, FEI Holdings, a family office based in Greenwood Village.
“This site is a premier apartment development opportunity in one of the most sought after master-planned communities in the entire metro area,” said Eric Roth, senior vice president. “With development potential of up to 1,000 units, we expect that the buyer will enjoy a significant pipeline in Central Park for years to come.”
Image courtesy of CBRE