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DENVER-East West Partners-Denver plans to start construction this fall on a $29 million, 44-unit luxury loft project in its Riverfront Park community in the Central Platte Valley.

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.”

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