RidgeGate adds hotel options with Marriott TownePlace Suites

The second of three hotels planned for RidgeGate’s West Village in Lone Tree is slated to break ground this month and open in second-quarter 2017. Park Meadows TPP LLC, affiliated with San Antonio-based Propel Cos., purchased a 3.31-acre development site from Ridgegate Investments Inc. for $2.49 million, according to public records. It will develop a…

Jill Jamieson-Nichols

February 14, 2016

Evergreen Development breaks ground on ‘retail hub’

Evergreen Development has broken ground on a “retail hub” designed to bring new options to Colorado Springs’ southeast market.

Jennifer Hayes

February 14, 2016

Median rental rates vary by $100s across city

Three years ago, about 30 percent of renters in the Denver area paid rents below $1,000. That number now sits at 11 percent, as of the last Multifamily Housing Council survey. While rent increases are widespread, not all neighborhoods are experiencing the same effects as the macro environment. Using 21,000 available apartments listed on Zumper over the end of 2015, we examined which areas felt the greatest effects.

CREJ

February 13, 2016
Carrara Place

DPC switches gears with Carrara buy

DPC Development Co. switched gears with the $41.65 million purchase of a first-class Greenwood Village office building. DPC bought Carrara Place, a 237,681-square-foot building at 6200 S. Syracuse Way. Prudential Real Estate sold the Class A building for $175.23 per sf. “We think it’s one of the best buildings in that Greenwood Village submarket,” said…

Jill Jamieson-Nichols

February 13, 2016

Unico redevelops 1738 Pearl Street, earns LEED Platinum Core & Shell

Unico Properties LLC’s redevelopment of 1738 Pearl St. is coming up platinum. The 41,000-square-foot mixed-use office and retail building at 1738 Pearl St. in Boulder was awarded the U.S. Green Building Council’s LEED Platinum certification for Core & Shell. With the certification, 1738 Pearl St. is Boulder’s first privately owned LEED Platinum building and it is 26 percent more energy efficient than a standard building for its same size, type and location.

Jennifer Hayes

February 12, 2016
Lowry

Lowry completes mobility study

The Lowry Redevelopment Authority has completed a mobility study for the 1,866-acre community that includes homes, apartments, retail and office space. Development of the former Air Force base began in 1994 and is now almost complete. The study assesses the current multimodal network at Lowry along with planned and recommended improvements. “Lowry was carefully planned…

John Rebchook

February 11, 2016
Point Belleview

Point Belleview office/retail asset trades for $6.75 million

An owner who created a great turnaround story for an office/retail building in Aurora sold the property for $6.75 million, or $193 per square foot. Point Belleview, located at 5001 S. Parker Road, is a 34,806-sf, two-story building with excellent visibility along South Parker Road. The developer who completed the project in 2006 lost it…

Jill Jamieson-Nichols

February 10, 2016

Looking back: The architects and architecture that have influenced Colorado

Although most people are unaware of the degree to which architecture affects their lives, the built environment exerts a strong cultural influence on society, therefore shaping our values and determining the future.

CREJ

February 9, 2016
La Loma

15-story tower planned for La Loma site

L&L Developments Inc. has filed a preliminary site plan with Denver Community Planning and Development for a 15-story, 713-unit multifamily tower on the La Loma Mexican restaurant site in the Jefferson Park neighborhood in Northwest Denver. The developer could not be reached for comment. However, Rafael Espinoza, who not only represents Jefferson Park, but lives…

John Rebchook

February 4, 2016

Sidford Capital bets neighbors’ rising rents will benefit Uptown

An Uptown Denver office building that’s been under the same ownership for 18 years sold to a local group that expects to capture smaller tenants priced out of neighboring office submarkets.

Jill Jamieson-Nichols

February 3, 2016