Developer buys land for 13-story Arapahoe Square apartment tower

600 park lot

Alsation Land Co. purchased 600 and 602 Park Ave. West for $5 million. (Thomas Gounley)

Plans for a 13-story apartment tower at Park Avenue and Welton Street in Arapahoe Square are moving forward, as the developer now controls the site.

Mission Hills-based Alsation Land Co. purchased 600 and 602 Park Avenue W. last week for $5.16 million, according to property records.

The seller was 2201 Welton LLC, which is registered to Howard Witkin at a Boulder address.

The two parcels, both currently being used as a parking lot, total 0.7 acres. Plans for the tower, which has yet to receive final approval from the city, call for 238 units.

The building (rendering) is being designed by Kephart Architecture. Kephart marketing director Jamie Goldman said the project should break ground in the third or fourth quarter this year.

The Welton Street corridor is currently a hub for infill projects.

Across the street from 600 Park Ave., construction is underway on two more apartment towers: Trammell Crow’s 13-story Alexan Arapahoe Square and Lennar Multifamily Communities’ 18-story 21st and Welton apartment tower.

600 park lot

600 park lot

Alsation Land…

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments