Newly Constructed Residential Tower in Downtown Denver Refinanced
The Quincy, a newly constructed, Class A, 359-unit, high-rise residential tower located in downtown Denver’s financial district, has received $125 million in financing that will be used to refinance the borrower’s construction loan.
JLL worked on behalf of the borrower, a joint venture between 1776 Curtis, LLC and Pacific Life Company, to secure the 10-year, 3.4 percent, fixed-rate loan with a correspondent life insurance company lender.
The Quincy is located at the intersection of Curtis and 17th Streets, one block from the 16th Street Mall and two blocks from light rail. Completed in 2018, the 28-story building is within walking distance to more than 12.5 million square feet of office space and features spacious units averaging 872 square feet. The Quincy also includes a seven-level parking garage totaling 533 spaces and 10,135 square feet of ground-floor retail.
Units feature high-end finishes such as stainless steel appliances, slab granite countertops, contemporary backsplashes, solid wood cabinetry, wood-style flooring, walk-in closets, front-loading washers and dryers, and keyless entry. Common area amenities include a glass-sided pool, spa, outdoor kitchen, fire pits, game room with billiards table, resident lounge, indoor/outdoor fitness center, movement studio, pet spa, business center, coffee lounge and 24-hour concierge service.
The JLL Capital Markets team representing the borrower was led by Senior Managing Director Eric Tupler and Senior Director Kristian Lichtenfels.
Image courtesy of JLL