Indiana multifamily developer acquires 15.76 acres in Thornton

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Adams County

Property Location: SWC E. 130thAve. & Washington St., Thornton

Property Description: Vacant, proposed 283 units multifamily

Proposed Name of Apartment: Village at Thorncreek

Land Size: 15.76 acres, or 686,414 sf

Sales Price: $4.7M, or $6.85 psf, or $16,608 per buildable unit

Reception No.: 101619 2018

Closing Date: 12-20-18

Grantor: E Capital Colorado RE I LLC (Erich Holmsten, mgr.)

Grantee: Village Capital Corp., c/o Pedcor Co., Allison Birge, 317-587-0320

Financing: $2.67M payable to United Fidelity Bank, FSB, due in one year

Comments: See APN: 1573-27-4-05-001 & 1573-27-4-05-003. The property is also 200 feet north of East 128thAvenue. There are 534 proposed parking spaces, including 15 handicap spaces, 57 guest spaces, 452 regular spaces, 10 clubhouse parking spaces. The building will contain 224,378 sf plus a 4,714-sf clubhouse building. Troy Meyers is developer contact. The architect is RDL Architects of Shaker Heights, OH, Jonathan Cana, and civil engineer is Matrix Design Group.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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