Holliday Fenoglio Fowler, L.P. (HFF) announces financing for the development of The Edge LoHi, a 44-unit, upscale condominium development in Denver’s Lower Highland (LoHi) submarket.A ground-breaking ceremony was held at the site last week.
The HFF team worked exclusively on behalf of the developer, Alpine Investments, to arrange the 36-month, floating-rate, non-recourse construction loan through a balance sheet lender.
The Edge LoHi will be situated immediately north of Interstate 25 in the LoHi neighborhood near the intersection of 17th Street and Boulder Street. Due for completion in 2019, the property’s for-sale homes will feature high-end finishes, unobstructed views of the Denver skyline and an outdoor space for every condo. Community amenities include a dog spa, storage units, bike storage and repair room, lobby lounge with a fireplace and coffee bar and secured building and garage access. Approximately 30 percent of the units were pre-sold at the time of closing.
Cuningham Group Architecture designed the project. Bristlecone Construction is the general contractor.
The HFF team representing the borrower included directors Leon McBroom and Brock Yaffe.Renderings courtesy HFF.