Project Announcements Archives - Page 2 of 35

Project Announcements

The Edge condominium project announced for LoHi

Justin June 6, 2018 at 9:55 pm 0

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 balance sheet lender Sambla's lån uten sikkerhet program.

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.

Project Announcements

Forrest Park 12 Announced

Justin May 13, 2018 at 3:44 pm 1

Forest Park 12, a new residential townhouse development located near the intersection of South Forrest Street and South Leetsdale Dale Drive. Forrest Park will include 12 for-sale 2 bedroom townhomes between 1,519-1,648 square feet. Construction is underway on Forrest Park 12 and the foundations have been poured. Pricing starts in the low $500,000s and the project has an anticipated completion date of 1st Quarter 2019. The homes are being marked by redT Homes.

Project Announcements

Apartment project coming to 16th and Sheridan

Justin March 4, 2018 at 10:13 pm 0

Rendering courtesy Sagebrush Companies.

Sagebrush Companies, has announced their newest multifamily development: Lakewood Heights at Sloans Lake, a 200-unit apartment property located at 16^th and Sheridan Boulevard, at the corners of Edgewater, Denver and Lakewood.

“We have an outstanding team that includes longtime Denver real estate visionary Dan Ezra of DAE, the talent of Parik Stephens Architects and Shaw Construction, all dedicated to delivering a high-quality development to this emerging part of Lakewood,” said Robert “Jake” Jacobsen, CEO and founder of Sagebrush Companies. “We take a great deal of pride in identifying unique real estate opportunities that will bring success to our partners and most importantly, the communities we intend to serve with our projects. Lakewood Heights at Sloans Lake will accomplish all those things.”

Construction of Lakewood Heights at Sloans Lake is scheduled to begin in June of this year. It will feature studios and one and two-bedroom units. Some of the amenities are 24-hour workout on demand, a rooftop terrace with views of the Denver skyline, and an infinity pool.

Construction Updates, Project Announcements

Five-story condo building coming to LoHi

Justin January 28, 2018 at 8:24 pm 0

Renderings courtesy Porch Light Real Estate Group.

Elevation Capital Partners (“ECP”) announced plans to build Ivy—a new 26-unit condo building in the LoHi neighborhood of Denver at 1908 W 33rd Ave. Units are projected to be priced from the low $300,000s to $750,000s.

“When this opportunity presented itself, we knew we wanted to create something unique,” said Bryan Fitzgerald, Principal of ECP. “But we also wanted to create something that would enhance the neighborhood, be built to last and something we could be proud of for decades to come. We purposefully partnered with Craine Architecture and Hyder Construction to fulfill that mission. Craine’s timeless aesthetic is evident in the design; and on this scale no one in town has more for-sale condo experience than Hyder. We’ve got a really great team assembled.”

The five-story building will have parking on grade level and four levels of residential units above. Ivy residences will consist of a mix of studio, one- and two-bedroom units as well as four penthouse condos with views in all directions. Ceiling heights will be between nine and ten feet.

PorchLight Real Estate Group is marketing the project which is expected to break ground in May of 2018 and is slated to be complete in the second quarter of 2019.

Project Announcements

Platte Fifteen to be complete in 2019

Justin January 3, 2018 at 8:08 pm 0

Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for Platte Fifteen, a 152,000-square-foot spec office and retail development in Denver, Colorado.

The HFF team worked on behalf of the borrower, Lionstone Investments, a data-analytics driven real estate investment firm, and Crescent Real Estate LLC to secure the four-year construction loan through PCCP, LLC.

Due for completion in August 2019, Platte Fifteen will feature 136,000 square feet of office, 16,000 square feet of ground floor retail, a 38-stall surface level parking garage and a 198-stall subterranean parking garage. The five-story, Class A property will have typical floor plates ranging from 32,000 to 35,000 square feet and will offer tenants a rooftop deck with views of downtown and the Front Range. Platte 15 is located at 2373 15^th Street on the corner of Platte and 15^th just minutes from downtown’s Union Station, Central Platte Valley, LoDo, the Pepsi Center, Coors Field and Interstate 25, Denver’s main north-south arterial.

The HFF debt placement team representing the borrower included managing director Colby Mueck, senior director Jim Curtin and director Leon McBroom.

Rendering courtesy HFF.