Colorado

Alta-Longmont-Colorado
ColoradoDevelopmentNewsWestern

Wood Partners, EIG EuroInvestor Break Ground on 252-Unit Alta Longmont Northeast of Boulder

by Lynn Peisner

LONGMONT, COLO. — Wood Partners and Hamburg, Germany-based capital partner EIG EuroInvestor have broken ground on Alta Longmont, a 252-unit development 15 miles northeast of Boulder, Colorado. The seven-building, three-story community features a mix of one-, two- and three-bedroom layouts. Amenities include a resort-style pool and courtyard with mountain views, an outdoor kitchen and grill area, a fitness center, a resident clubhouse, a business center with private conference rooms and a dedicated dog-walking area. Project partners include Design Balance as the lead architect, Civil Resources as the civil engineer and …

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Alexan-Evans-Station-Denver
ColoradoFinanceNewsWestern

PCCP Provides Trammell Crow $78M ReFi Loan for Alexan Evans Station in Denver

by Lynn Peisner

DENVER — PCCP has provided a $78 million loan to Trammell Crow Residential for the refinancing of Alexan Evans Station in Denver. The 367-unit property, located at 2121 S. Broadway, was built in 2023 and is LEED Gold-certified. It offers a mix of studio, one-, two- and three-bedroom units and 7,334 square feet of ground-floor retail space leased to F45, SweatHouz and Pacific Dental Services. Amenities include a pool and hot tub with cabanas, a fitness center, coworking spaces and a conference center, EV charging and an on-site convenience market.

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Rye-SoBo-Denver
ColoradoFinanceNewsWestern

JLL Arranges Refinancing for Price Brothers’ Rye SoBo in Denver

by Lynn Peisner

DENVER — JLL has arranged a floating-rate loan for Price Brothers to refinance Rye SoBo, a 353-unit property in Denver. The amount of the loan was not disclosed. RyeSoBo, located at 290 W. Alameda Ave. in the South Broadway area of Denver, was developed in 2021 and includes studios, one- and two-bedroom units and amenities such as a rooftop lounge with mountain and downtown views, a two-story fitness center, a two-story coworking lounge with conference rooms, a pool with a hot tub, a beer garden with outdoor games, a pet …

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Rifle-Apartments-Rifle-Colorado
Affordable HousingColoradoDevelopmentNewsWestern

Evergreen Real Estate Completes LIHTC Development In Rifle, Colorado

by Lynn Peisner

RIFLE, COLO. — Evergreen Real Estate Group has completed the 60-unit Rifle Apartments in Rifle, approximately 183 miles west of Denver. The affordable housing community is comprised of a trio of three-story buildings that include one-, two- and three-bedroom units reserved for households earning between 30 and 80 percent of area median income (AMI). Of the 60 total apartments, 14 are designated as project-based voucher units for families who are earning at or below 30 percent of AMI. The development also is managed by Evergreen and is currently 95 percent …

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Momentum-at-First-Creek-Denver
ColoradoInvestment SalesNewsWestern

Momentum at First Creek in Denver Trades for $56M

by Lynn Peisner

DENVER — Momentum at First Creek in Denver was sold on March 31 by a Colorado-based developer to a private out-of-state investment firm for $56 million. The 200-unit property at 5500 Telluride St. is about 20 miles east of downtown Denver and approximately seven miles southwest of the Denver International Airport. It was developed in 2023. Craig Stack, Bill Morkes and Nate Moyer of the Stack Morkes Multifamily Investments division of Colliers represented the seller, while Colliers’ debt team arranged financing for the buyer. Amenities include a resort-style pool, an …

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Enclave-Rigden-Farm-Fort-Collins
BerkadiaColoradoInvestment SalesNewsWestern

Avanti Residential Buys Enclave Rigden Farm in Colorado for $40.8M

by Lynn Peisner

FORT COLLINS, COLO. — Berkadia has arranged the $40.8 million sale of Enclave Rigden Farm, a 105-unit rental townhome community in Fort Collins. Berkadia’s Denver-based team, led by Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster, represented the seller, Granite Capital Group, a Santa Barbara, California-based commercial real estate investment firm. Avanti Residential, a multifamily owner-operator based in Denver, was the buyer Located at 2758 Iowa Drive, the property was built in 2007 and features 105 townhomes with direct access to garages and private patios.

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Ascent-at-Hover-Longmont
Affordable HousingColoradoDevelopmentNewsWestern

Pennrose Opens Affordable Housing Community in Longmont, Colorado

by Lynn Peisner

LONGMONT, COLO. — Pennrose and Longmont Housing Authority (LHA) have completed the $39 million Ascent at Hover Crossing, a 75-unit affordable housing community with an early childhood education center in Longmont. Ascent at Hover Crossing was designed with families and children in mind, offering a mix of one-, two-, three- and four-bedroom units across two buildings. The apartments are available for a variety of incomes, with units ranging from 30 to 80 percent of area median income, which equates to an annual salary of approximately $31,650 to $84,400 for a …

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Highline Vista Residential Partners
ColoradoInvestment SalesNewsWestern

Vista Residential to Break Ground on 172-Unit Development in Littleton, Colorado

by Lynn Peisner

LITTLETON, COLO. — Vista Residential Partners is planning to break ground later this year on Highline Vista, a four-story, 172-unit, garden-style property on 5.6 acres in Littleton. Highline Vista will offer a mix of studio, one-, two- and three-bedroom residences. Amenities include a 3,500-square-foot clubhouse with fitness and business centers, a resort-style pool with cabanas and grilling areas, multiple outdoor pavilions and a community park. The development is being designed by Rosemann Architects, with Apex Multifamily Construction, a Vista affiliate, serving as general contractor. Construction begins in August, with completion slated …

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ColoradoInvestment SalesNewsWestern

Thompson Thrift Sells Notch66 in Longmont, Colorado

by Lynn Peisner

LONGMONT, COLO. — Thompson Thrift has sold Notch66, a 336-unit property in Longmont, approximately 20 miles northeast of Boulder, Colorado. Arizona-based The Wolff Co. acquired the asset for an undisclosed cost. Thompson Thrift developed the property, launching construction in 2022 and completing it in June 2024. At the time of the sale, Notch66 was 93 percent occupied. Indiana-based Thompson Thrift has developed 22 properties in Colorado, including three in Longmont. Notch66 features one-, two- and three-bedroom apartments with private yards and detached garages in select units. Amenities include a clubhouse, …

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4965-Washington-Denver
Affordable HousingColoradoDevelopmentNewsWestern

Public-Private Venture Begins Construction of $132 Million Mixed-Use Affordable Housing Development in Denver

by Lynn Peisner

DENVER — Globeville Redevelopment Partners, a joint venture consisting of several public and private members, has started construction on 4965 Washington St., a five story, mixed-use affordable housing community in Denver’s Globeville neighborhood. The $132 million project involves the redevelopment of a 2.7-acre, city-owned site that was formerly a car dealership. The project will include 170 apartments reserved for households earning between 30 and 80 percent of area median income. Developed in partnership with the Denver Public Library and the city and county of Denver, the lower level of the …

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