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DENVER-Greystar Real Estate Partners LLC plans to start construction in October of a 266-unit, 12-story luxury apartment building in the Central Platte Valley, a burgeoning neighborhood adjacent to Lower Downtown that for years was nothing but a scarred railroad yard. The complex, being called the Bassett Street Residences, will be built on 1.4 acres along the Consolidated Main Line Railroad at Bassett, 18th and 19th streets.

Two more phases could be built with townhome-style units. The first phase’s estimated value is $49.7 million.

Monthly rents will range from $1,074 for efficiency to $2,894 for a two-level townhome unit.

Eventually, more than 1,500 units are anticipated to be built in the Central Platte Valley, with a completed value of more than $1 billion.

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