Apartment complex across from DU sells for $49M

The Muse DU

Apartment complex The Muse is located at 2270 S. University Blvd. in Denver.

An apartment complex across the street from the University of Denver has changed hands.

Muse Owner LLC paid $48.7 million last week for The Muse complex at 2270 S. University Blvd., according to public records. The entity lists a Chicago office address.

The five-story complex at the corner of University Boulevard and Iliff Avenue was sold by Greenwood Village-based developer Hill Cos., which paid $4.2 million for the 0.88-acre site in September 2014, per records.

Architecture firm Kephart designed the project. The Muse has 120 units, according to the firm’s website, which makes last week’s sale worth $405,833 a unit.

The building contains studios, and one- and two-bedroom units, and was designed “to have the look and feel of a boutique hotel” and “with discerning graduate students in mind,” according to Kephart.

The cheapest one-bedroom unit at The Muse rents for $1,621 a month, according to the complex’s website.

The Muse DU

Apartment complex The Muse is located at 2270…

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