Tag: Multifamily Housing
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Metro Moves: New apartments underway near I-70 and Peña
Welcome to The Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to [email protected]. Opening soon Milwaukee-based Continental Properties started construction on the Springs Peña Station, a 272-unit apartment complex northeast of I-70 and Peña Boulevard, according to a…
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Denver renters feeling the pinch as rents continue upward
The bad news for metro Denver area renters continued in the first quarter, as average rents increased both from the fourth quarter of last year and year-over-year, with vacancy rates remaining at historic lows, according to the Denver Metro Area Apartment Vacancy and Rent Survey released Friday. Landlords, on the other hand, couldn’t be happier.…
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47-story apartment tower coming to downtown Denver?
The city of Denver has sent a concept plan for a proposed 47-story apartment tower on 17th and California streets back to the development team to clear up some zoning issues, according to a city spokeswoman. South Carolina-based Greystar LLC filed the concept plans with Denver Community Planning and Development on Feb. 8. It’s described…
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Metro Denver apartment rents fall
Renters got some good news from the Apartment Association of Metro Denver’s fourth quarter report, which shows rents went down and the vacancy rate went up. The average rent stood at $1,708.67, down 1% from the third quarter average of $1,726.36 per month. The area’s vacancy rate, meanwhile, increased from 3.8% to 4.3% last quarter,…
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Seattle-based apartment investor breaks into metro Denver market
After five years of trying, Seattle-based real estate investment firm Thayer Manca finally broke into the metro Denver market with the purchase of the 319-unit Highland Point Apartments, 16894 E. Arkansas Ave., Aurora. “We’ve been a bridesmaid, but never a bride until now. The pricing has just gone nuts,” said Principal Joe Manca in an…
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Denver rents up, again; vacancies historically low
Apartment rents in metro Denver reached over $2 per square foot for the first time in recorded history for a third-quarter average of $1,726 per month, according to the Apartment Association of Metro Denver’s report. Meanwhile the vacancy rate for the area came in below 4% for the second quarter in a row — the…
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Metro Moves: New apartments coming to Brighton
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Welcome to the Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to [email protected]. Now open Centennial dogs have a new grooming option as the “Scenthound” franchise of “wellness-based”…
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Lone Tree grows into corporate employment center
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save There’s more than 10,000 employees working within a half mile of the Sky Ridge Regional Transportation District light rail station off I-25 and Lincoln Avenue, according to city officials. While it was always the plan for Lone Tree, it took years and a light rail…
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Iconic downtown Denver Sports Castle building sold, developer has renovation plans
The Denver Sports Castle building at 10th Avenue and Broadway, after enduring years sitting vacant and a fair amount of abuse from protesters in 2020, has sold. Tom McLagan, executive chairman of Hyder Construction Inc. of Denver, bought the 45,330-square-foot building and plans to renovate it and seek National Register of Historic Places status. The…
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Cherry Creek developer ready for next stage
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save When Matt Joblon co-founded BMC Investments in 2010, the business plan did not include developing new buildings. Eleven years later, the company has developed – both new construction and repositioned assets – more than $500 million worth of luxury apartments, hotels, office and mixed-use, most…