East West Plans Tony Loft Project

The project is called the Delgany. It is located at Delgany Street and Cherry Creek at the edge of LoDo. Units are priced from $475,000 to $1.1 million and range from 1,200-sf to 2,400 sf.

"We're trying to provide an option to all buyers, and really diversify Riverfront Park," says Chris Frampton, director of sales and marketing for East West Partners-Denver, which is funded by Fort Worth-based Crescent Real Estate.

This is the third phase for Riverfront, which will have a $1 billion price tag when completed over the next 15 or so years.

"Our first phase provided a mix of prices and styles, and is more than 90% sold, our second phase, Creekside, is priced between $200,000 and $400,000 and is more than half sold after just six months," Frampton says. "Thanks to the success of both phases our decision to introduce the high-end units at Delgany was an easy one. We've been fortunate to be able to maintain solid sales, even during a slow economy, but we attribute a lot of that to people's desire to live in a downtown neighborhood community."

Delgany will be built in two phases. The first phase will include 28 residences featuring high-end finishes, floor-to-ceiling windows, two parking spaces for every unit and a gated courtyard. Mark Smith, a principal of East West, notes the company also has leased most of its retail space at Riverfront.

"People who want to live downtown, and still experience a neighborhood feel really appreciate where we're headed," Smith says. "We're not just one building, we're a community that's quickly becoming Denver's most desirable address. There's a growing sense of excitement here and we feel the best is yet to come."