Jefferson Park is rising to a 12-story peak.
Apartment developer Argyle Residential bought a 0.8-acre site at West Byron Place and Alcott Street last week for $5.7 million. Preliminary filings with the city show plans to build a 12-story tower overlooking Interstate 25, which would be among the tallest structures in the neighborhood.
Chris Cowan and Steve O’Dell with ARA Newmark listed the properties, which include three one-story brick houses facing Alcott and three two-story houses facing Byron. The sellers are Ruth M. and Kenneth R. Wright along with Wright Family 1995 LP.
“It’s going to be the first significant (tower) that will get built” in Jefferson Park, O’Dell said.
Argyle did not return messages seeking comment.
Preliminary site plans call for 248 apartments. About a quarter of the units would be two-bedroom apartments and the remainder would be one-bedrooms. Houston-based Meeks + Partners is the architect listed on the plans.
Jefferson View LLC, the buyer, received a $41 million loan from The Northwestern Mutual Life Insurance Co. secured by the four parcels included in the sale, according to city records.
In the neighborhood, Argyle’s tower is rivaled by a 15-story apartment complex proposed for the former La Loma Mexican Restaurant site. Turntable Studios alongside Mile High Stadium is 13 stories high. And on the east side of Jefferson Park, the RiverClay condo building stands six stories tall.
Argyle is a part of Cypress Real Estate Advisors, the Texas firm that developed The Yards at Denargo Market (since renamed the Marq at RiNo) and the Crossing at Denargo Market.
More recently, Argyle purchased a half-acre property on bail bond row in Golden Triangle. For that site, the apartment builder has filed plans with the city for a 14-story, 176-unit building with retail and restaurant space on its ground floor.