Simpson Housing, Novare Group, and Batson-Cook Development Company broke ground today on a 26-story luxury residential high-rise tower on the corner of Broadway and 18th Avenue in downtown Denver.
SkyHouse Denver is a mixed-use project featuring 354 apartment homes ranging from studio to two-bedrooms and 6,900 square feet of street-level retail space. The signature SkyHouse on the top floor of the building includes a club room, swimming pool and fitness center. The structure will also include vehicle charging stations and a dog walk with a dog washing station. The building is targeting millennials who are choosing to live in urban centers close to public transportation, employment centers and entertainment venues.
“We are excited to be working with Simpson Housing and Batson-Cook Development Company to add SkyHouse Denver to the fabric of downtown,” said Jim Borders, President and CEO, Novare Group. “Denver has tremendous momentum including a strong economy and burgeoning downtown residential market. The Mile High City has been on our radar for several years, and we are thrilled to have an excellent location that fits perfectly with what our residents want.”
JP Morgan and US Bank are providing construction financing for the project, and Simpson Housing, Batson-Cook Development Company, and NGI Investments, LLC, led by Jim Borders, and are providing equity. Batson-Cook Construction and Swinerton Builders are the general contractors. The building is designed by Smallwood, Reynolds, Stewart, Stewart and Associates.
The apartment homes will all have:
- Nine foot ceilings with floor to ceiling glass
- Quartz countertops
- Hardwood floors
- Stainless steel appliances and porcelain tile
Longtime Denver residents will recall the SkyHouse Denver site was home to the Cosmopolitan Hotel that was imploded in 1984. The site has served as parking lot for the last 30 years.
SkyHouse Denver is the 14th SkyHouse-branded apartment community in the United States following projects in Dallas, Houston, Austin, Atlanta, Tampa, Orlando, Charlotte and Raleigh. The sustainable building is being built to Energy Star standards. It is expected to be delivered in mid 2016.