DENVER-More than $150 million is being spent to develop twomultifamily complexes with a combined total of over 1,000 units atCentral Platte Valley, a former railroad yard adjacent to downtownDenver.
The projects are being undertaken by Denver-based ArchstoneCommunities and Houston-based Greystar Capital. “Most cities wouldbe thrilled to have this much development going on in their entirecity, not just one small area,” Rus Heise, chairman of the DowntownDenver Partnership told GlobeSt.com.
Jim Hill, a principal of Beaver Creek-based East West Partners,which is developing three “for sale” condominium projects in itsRiverfront Park worth more than $100 million, says his company justsold a site for 600 to 700 apartment units to Archstone and a siteto Greystar for 390 units. The land sales brought in $15 millionfor East West.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
