Dublin Development, a Denver based residential development company founded by Shawn Bookout and Jae Edwards, recently closed on a property located at 2368 S. University Boulevard in Denver. This development is titled Observatory Flats and will feature 53 condominiums.Observatory Flats will feature a fitness center and rooftop deck overlooking the University of Denver campus with views of Downtown Denver and the Front Range The condos at Observatory Flats range from 600 to 1006 square feet and will feature quartz countertops and stainless steel appliances. Pricing starts in the low $300,000s. “We are excited to delve into condo development to fill the growing need for more affordable housing options in the City of Denver. The population influx coupled with the risk of defect litigation the past few years has made finding appropriate housing challenging for those seeking condos. Dublin Development is excited to fill that need for those looking to live in one of the more attractive locations in the metro area. Observatory Flats will be conveniently located near light rail and a quick ten minute drive to the DTC, Downtown Denver, as well as Cherry Creek.” said Dublin Development’s Jae Edwards. redT Homes is managing the pre-sale of the units. Observatory Flats is slated to be completed in the 4th quarter of 2018.
Artis REIT (Artis), advised by Marwest Enterprises and development manager Trammell Crow Company (TCC), announced that construction is now under way on 169 Inverness Drive in Denver’s southeast suburban office market. This new 4-story, 120,000-square-foot building is slated to be complete in late 2017. The site is adjacent to 161 Inverness building, the regional headquarters of AT&T, which Artis purchased in 2010.
“Artis REIT is pleased to kick off the construction of 169 Inverness. We feel its ease of access, high-profile visibility, and top-quality design will draw high-quality tenants in the South Denver market. We thank Inverness and Arapahoe County for their cooperation in our development efforts and are excited to work alongside Trammell Crow in completing another property of excellence,” said Philip Martens, Executive Vice-President for Artis REIT.
169 Inverness Drive will offer 10-foot ceilings, an on-site fitness center with showers and locker rooms, secure bicycle storage, and on-site parking as well as covered executive parking.
“We feel that 169 Inverness checks every box a tenant is looking for, including efficient and attractive new construction, an active outdoor environment, walkable amenities and stunning panoramic views. Office tenants will also receive great exposure with a unique location along I-25 at Dry Creek and the opportunity for signage visible from the highway,” said Ann Sperling, senior director with TCC’s Denver office. “The nearby Shops at Vallagio, Inverness Hotel and Convention Center and multiple trails and recreational offerings are each within close proximity to the building.”
Saunders Construction is the general contractor and Fentress Architects is the project architect. The CBRE Denver team of John Marold and Joe Serieno are handling the leasing and marketing for 169 Inverness Drive.